Page 37 - ar2012

Annual Report 2012
Financial Report / 35
BALANCE
SHEETS
AS AT 31 MARCH 2012
Group Company
Note 2012 2011 2012 2011
$’000 $’000 $’000 $’000
Non-current assets
Goodwill 9 12,346 7,592 – –
Intangible assets 10 72 117 – –
Investment property 11 – – 1,066 1,094
Property, plant and equipment 12 51,161 41,308 385 444
Investment in subsidiaries 13 – – 53,294 26,574
Investment securities 14 18,048 17,197 – –
Receivables 15 97 174 42,873 32,043
Prepayments 15 16 28 9 17
Deferred tax assets 25 1,566 1,379 13 –
83,306 67,795 97,640 60,172
Current assets
Inventories 16 24,405 16,589 – –
Trade and other receivables 17 27,244 18,772 16,949 11,932
Gross amount due from customers for contract
work-in-progress 18 – 3,097 – –
Prepayments 15 860 1,115 33 48
Investment securities 14 889 1,260 – –
Derivatives 19 – 134 – –
Cash and cash equivalents 20 27,314 23,800 5,886 9,143
80,712 64,767 22,868 21,123
Current liabilities
Trade and other payables 21 23,461 14,654 2,007 5,119
Finance lease payable 22 429 358 – –
Bank borrowings 23 24,104 3,252 20,843 –
Loan from a non-controlling shareholder of a subsidiary 24 701 1,056 – –
Provisions 26 1,259 1,227 – –
Provision for taxation 3,893 7,186 393 633
53,847 27,733 23,243 5,752
Net current assets/(liabilities) 26,865 37,034 (375) 15,371
Non-current liabilities
Other payables 21 – – 4,878 3,767
Finance lease payable 22 480 586 – –
Bank borrowings 23 20,912 24,090 16,984 19,198
Deferred tax liabilities 25 1,406 1,644 – 18
Provisions 26 1,241 786 70 70
24,039 27,106 21,932 23,053
Net assets 86,132 77,723 75,333 52,490
Equity attributable to owners of the Company
Share capital 27 29,857 28,932 29,857 28,932
Treasury shares 27 (3,992) (3,992) (3,992) (3,992)
Reserves 28 60,827 53,343 49,468 27,550
Shareholders’ funds 86,692 78,283 75,333 52,490
Non-controlling interests 29 (560) (560) – –
Total equity 86,132 77,723 75,333 52,490
The accompanying accounting policies and explanatory notes form an integral part of the fnancial statements.
(In Singapore dollars)