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BALANCE SHEETS
As at 31 March 2014
(In Singapore dollars)
Group Company
Note 2014
$’000
2013
$’000
(Restated)
2014
$’000
2013
$’000
Non-current assets
Goodwill 9 31,673 19,406 – –
Intangible assets 10 – 23 – –
Investment property 11 – – 1,038 1,029
Property, plant and equipment 12 81,519 77,224 624 422
Investment in subsidiaries 13 – – 44,763 62,316
Investment in joint venture 14 2,320 – – –
Receivables 16 3,766 1,590 76,981 60,406
Prepayments 16 7 7 – –
Deferred tax assets 23 4,703 5,066 – –
123,988 103,316 123,406 124,173
Current assets
Inventories 17 29,031 29,307 – –
Trade and other receivables 18 78,308 79,975 15,362 9,594
Prepayments 16 2,685 2,749 73 24
Investment securities 15 – 784 – –
Cash and cash equivalents 19 37,432 40,911 2,669 6,809
147,456 153,726 18,104 16,427
Current liabilities
Trade and other payables 20 49,605 52,103 3,594 17,322
Finance lease payable 21 807 564 – –
Bank borrowings 22 6,501 8,944 3,544 3,491
Provisions 24 2,104 1,247 – –
Provision for taxation 4,808 4,980 168 232
63,825 67,838 7,306 21,045
Net current assets/(liabilities) 83,631 85,888 10,798 (4,618)
Non-current liabilities
Other payables 20 4,598 – 6,247 6,220
Finance lease payable 21 553 352 – –
Bank borrowings 22 58,016 63,715 12,029 15,338
Deferred tax liabilities 23 2,608 2,552 106 178
Provisions 24 1,238 1,826 76 72
67,013 68,445 18,458 21,808
Net assets 140,606 120,759 115,746 97,747
Equity attributable to owners of the Company
Share capital 25 34,108 31,740 34,108 31,740
Treasury shares 25 – – – –
Reserves 26 96,843 78,616 81,638 66,007
Shareholders’ funds 130,951 110,356 115,746 97,747
Non-controlling interests 9,655 10,403 – –
Total equity 140,606 120,759 115,746 97,747