Page 116 - ar2012

MTQ Corporation Limited
Financial Report / 114
NOTES TO THE
FINANCIAL STATEMENTS
31 MARCH 2012
39. Capital management
Group
Note 2012 2011
$’000 $’000
Bank borrowings 23 45,016 27,342
Finance lease payable 22 909 944
Less: Cash and cash equivalents 20 (27,314) (23,800)
Net debt 18,611 4,486
Shareholders’ funds 86,692 78,283
Less: Non-controlling interests (560) (560)
Net capitalisation 104,743 82,209
Net debt gearing ratio 18% 5%
The Group is in compliance with all externally imposed capital requirements for the fnancial years ended 31 March 2012 and
31 March 2011.
40. Authorisation of financial statements for issue
The fnancial statements for the fnancial year ended 31 March 2012 were authorised for issue in accordance with a resolution
of the Directors on 18 June 2012.