41
/ MTQ CORPORATION LIMITED /
ANNUAL REPORT
2014/2015
(In Singapore dollars)
Group
Company
Note 2015
$’000
2014
$’000
(Restated)
2015
$’000
2014
$’000
Non-current assets
Goodwill
9
21,568
31,010
–
–
Intangible assets
10
472
528
–
–
Investment property
11
–
–
991
1,038
Property, plant and equipment
12
81,616
81,519
505
624
Investment in subsidiaries
13
–
–
45,066
44,763
Investment in joint venture
14
1,543
2,320
–
–
Receivables
15
1,144
3,766
80,762
76,981
Prepayments
15
35
7
28
–
Deferred tax assets
22
6,947
4,703
–
–
113,325
123,853
127,352
123,406
Current assets
Inventories
16
26,952
29,031
–
–
Trade and other receivables
17
68,873
78,308
11,850
15,362
Prepayments
15
3,120
2,685
100
73
Cash and cash equivalents
18
44,135
37,432
2,413
2,669
143,080
147,456
14,363
18,104
Current liabilities
Trade and other payables
19
44,460
49,605
2,457
3,594
Derivatives
120
–
–
–
Finance lease payable
20
455
807
–
–
Bank borrowings
21
6,932
6,501
3,864
3,544
Provisions
23
1,455
2,104
–
–
Provision for taxation
7,269
4,808
809
168
60,691
63,825
7,130
7,306
Net current assets
82,389
83,631
7,233
10,798
Non-current liabilities
Other payables
19
–
4,598
6,239
6,247
Finance lease payable
20
342
553
–
–
Bank borrowings
21
52,703
58,016
9,252
12,029
Deferred tax liabilities
22
2,466
2,767
93
106
Provisions
23
1,853
1,238
78
76
57,364
67,172
15,662
18,458
Net assets
138,350
140,312
118,923
115,746
Equity attributable to owners of the Company
Share capital
24 36,807
34,108
36,807
34,108
Reserves
25 92,153
96,549
82,116
81,638
Shareholders’ funds
128,960
130,657
118,923
115,746
Non-controlling interests
9,390
9,655
–
–
Total equity
138,350
140,312
118,923
115,746
BALANCE SHEETS
As at 31 March 2015
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
