43
MTQ CORPORATION LIMITED
(In Singapore dollars)
Group
Company
Note 2016
$’000
2015
$’000
2016
$’000
2015
$’000
Non-current assets
Goodwill
9
15,488
21,568
–
–
Intangible assets
10
148
472
–
–
Investment property
11
–
–
944
991
Property, plant and equipment
12
63,440
81,616
305
505
Investment in subsidiaries
13
–
–
63,969
45,066
Investment in joint venture
14
962
1,543
–
–
Receivables
15
2,175
1,144
54,016
80,762
Prepayments
15
18
35
11
28
Deferred tax assets
22
8,976
6,947
–
–
91,207
113,325
119,245
127,352
Current assets
Inventories
16
25,735
26,952
–
–
Trade and other receivables
17
52,883
68,873
3,701
11,850
Prepayments
15
3,300
3,120
37
100
Cash and cash equivalents
18
24,967
44,135
823
2,413
106,885
143,080
4,561
14,363
Current liabilities
Trade and other payables
19
31,883
44,460
1,745
2,457
Derivatives
–
120
–
–
Finance lease payable
20
343
455
–
–
Bank borrowings
21
3,079
6,932
1,008
3,864
Provisions
23
1,523
1,455
–
–
Provision for taxation
3,613
7,269
391
809
40,441
60,691
3,144
7,130
Net current assets
66,444
82,389
1,417
7,233
Non-current liabilities
Trade and other payables
19
392
–
10,354
6,239
Finance lease payable
20
171
342
–
–
Bank borrowings
21
40,494
52,703
13,068
9,252
Deferred tax liabilities
22
1,483
2,466
35
93
Provisions
23
1,737
1,853
80
78
44,277
57,364
23,537
15,662
Net assets
113,374
138,350
97,125
118,923
Equity attributable to owners of the Company
Share capital
24 36,807
36,807
36,807
36,807
Treasury shares
24
(116)
–
(116)
–
Reserves
25 68,973
92,153
60,434
82,116
Shareholders’ funds
105,664
128,960
97,125
118,923
Non-controlling interests
7,710
9,390
–
–
Total equity
113,374
138,350
97,125
118,923
BALANCE
SHEETS
As at 31 March 2016
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
