Foodstuffs South Island Lim ited Annual Report 2011 Sum m ARy ...

30
Balance Sheets
for the year ended 28 February 2011
ASSETS
GRoup pAReNt
2011 2010 2011 2010
$000 $000 $000 $000
Non-current assets
Property, plant and equipment 435,978 429,759 25,712 25,555
Intangible assets 17,457 18,660 17,167 18,108
Investments in subsidiaries - - 276,156 277,589
Investments in associates
Investments held at fair value:
5,035 4,895 803 803
Investments in listed companies 35,611 38,906 - -
Investments in other related companies 11,896 10,385 11,896 10,385
Total non-current assets 505,977 502,605 331,734 332,440
Current assets
Cash and cash equivalents 41,783 ( 7,356) 41,783 ( 7,356)
Trade and other receivables 153,784 176,487 132,301 162,385
Inventories 77,398 80,733 73,519 77,438
Current income tax receivable ( 1,042) 489 10,179 6,254
Total current assets 271,923 250,353 257,782 238,721
TOTAL ASSETS 777,900 752,958 589,516 571,161
EQUITY
Capital and reserves attributable to equity holders
Share capital 87,158 43,884 87,158 43,884
Other reserves 95,931 136,847 1,127 1,515
Retained earnings 24,922 22,459 ( 26,819) ( 16,383)
TOTAL EQUITY 208,011 203,190 61,466 29,016
Liabilities
Non-current liabilities
Borrowings 74,037 112,895 74,037 112,895
Retirement benefit obligations 1,902 1,902 1,902 1,902
Deferred income tax liability 42,013 6,991 3,084 2,876
Total non-current liabilities 117,952 121,788 79,023 117,673
Current liabilities
Trade and other payables 205,179 192,548 202,289 189,082
Borrowings 174,952 174,182 174,952 174,182
Rebates payable 71,054 60,522 71,034 60,480
Provisions 752 728 752 728
Total current liabilities 451,937 427,980 449,027 424,472
TOTAL LIABILITIES 569,889 549,768 528,050 542,145
TOTAL EQUITY AND LIABILITIES 777,900 752,958 589,516 571,161
On behalf of the Board
14 April 2011
Robin Brown, Director Stephen Boock, Director
The attached notes form part of and are to be read in conjunction with the audited financial statements.