DRIVING IT UP
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ANNUAL REPORT 2016
Group
Company
Note 2016
2015
2016
2015
$’000
$’000
$’000
$’000
Non-current assets
Property, plant and equipment
12
70,625
66,124
–
–
Subsidiary companies
13
–
–
40,789
46,440
Amounts due from subsidiary companies
13
–
–
14,259
14,485
Joint venture companies
14
14,299
15,897
6,567
6,567
Associated company
15
233
233
–
–
Deferred tax assets
28
2,468
2,647
–
–
87,625
84,901
61,615
67,492
Current assets
Inventories
16
85,020
103,747
–
–
Trade receivables
17
67,618
78,861
–
–
Derivatives
18
66
229
–
–
Other receivables
19
4,232
3,160
94
91
Prepayments and advances
19
2,975
4,363
21
19
Cash and cash equivalents
20
17,425
15,850
373
357
177,336
206,210
488
467
Less: Current liabilities
Trade payables
21
17,184
17,244
–
–
Trust receipts (secured)
22
49,686
70,641
–
–
Derivatives
18
96
54
39
3
Other payables
23
16,396
18,249
711
612
Loans (secured)
24
10,570
22,196
–
–
Hire-purchase liabilities
25
878
1,169
–
–
Provisions
26
639
550
–
–
Provision for taxation
1,871
1,721
22
22
97,320
131,824
772
637
Net current assets/(liabilities)
80,016
74,386
(284)
(170)
Non-current liabilities
Amounts due to subsidiary companies
13
–
–
11,341
11,362
Hire-purchase liabilities
25
1,323
2,111
–
–
Provisions
26
820
682
–
–
Long-term loans (secured)
27
47,066
34,708
–
–
Deferred tax liabilities
28
927
752
108
108
50,136
38,253
11,449
11,470
117,505
121,034
49,882
55,852
Equity
Share capital
29
35,722
35,722
35,722
35,722
Reserves
30
81,783
85,312
14,160
20,130
117,505
121,034
49,882
55,852
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Balance Sheets
As at 30 April 2016
(In Singapore Dollar)
