FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
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40 <strong>Sheng</strong> <strong>Siong</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Statements of Financial Position<br />
As at 31 December <strong>2011</strong><br />
Group Company<br />
Note <strong>2011</strong> 2010 <strong>2011</strong><br />
$’000 $’000 $’000<br />
Assets<br />
Property, plant and equipment 5 72,095 58,328 –<br />
Investments in subsidiaries 7 – – 78,234<br />
Non-current assets 72,095 58,328 78,234<br />
Inventories 8 36,427 26,405 –<br />
Trade and other receivables 9 6,959 4,715 43,728<br />
Cash and cash equivalents 10 122,120 85,885 60,212<br />
Asset classified as held for sale 6 3,584 – –<br />
Current assets 169,090 117,005 103,940<br />
Total assets 241,185 175,333 182,174<br />
Equity attributable to equity holders<br />
of the Company<br />
Share capital 11 156,349 78,234 156,349<br />
Merger reserve 12 (68,234) (68,234) –<br />
Accumulated profits 60,210 33,881 25,595<br />
Foreign currency translation reserve –* –* –<br />
Total equity 148,325 43,881 181,944<br />
Liabilities<br />
Financial liabilities 15 – 19,091 –<br />
Deferred tax liabilities 13 1,075 608 –<br />
Non-current liabilities 1,075 19,699 –<br />
Trade and other payables 14 83,362 101,462 230<br />
Financial liabilities 15 – 3,201 –<br />
Current tax payable 8,423 7,090 –<br />
Current liabilities 91,785 111,753 230<br />
Total liabilities 92,860 131,452 230<br />
Total equity and liabilities 241,185 175,333 182,174<br />
* Amount at balance sheet date is $143, ie. less than $1,000.<br />
The accompanying notes form an integral part of these financial statements.
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