TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
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BALANCE SHEETS<br />
AS AT 31 DECEMBER 2009<br />
NON-CURRENT ASSETS<br />
67<br />
<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U)<br />
ANNUAL REPORT 2009<br />
GROUP COMPANY<br />
NOTE 2009 2008 2009 2008<br />
RM RM RM RM<br />
Property, plant and equipment 5 765,020,390 588,797,158 - -<br />
Intangible assets 6 10,741,672 7,092,484 - -<br />
Subsidiary companies 7 - - 48,961,560 31,590,308<br />
Amount owing by subsidiary companies 7 - - 152,721,989 267,084,833<br />
Associate companies 8 3,565,139 1,337,921 1,419,334 1,419,334<br />
Deferred tax assets 9 8,170,175 6,607,227 - -<br />
CURRENT ASSETS<br />
Inventories 10 9,351,170 18,246,340 - -<br />
Trade receivables 11 215,819,589 238,446,962 - -<br />
Other receivables, deposits and prepayments 12 37,670,112 26,656,729 3,778,271 3,792,036<br />
Amount owing by subsidiary companies 7 - - 191,722,140 73,956,692<br />
Cash and cash equivalents 13 38,269,363 76,692,918 26,521,210 59,943,757<br />
CURRENT LIABILITIES<br />
301,110,234 360,042,949 222,021,621 137,692,485<br />
Trade payables 14 126,829,282 148,830,872 - -<br />
Other payables and accruals 15 32,068,677 28,635,850 10,430,116 7,723,506<br />
Short term borrowings 16 104,396,265 87,000,630 20,000,000 20,000,000<br />
Provision for taxation 807,564 2,009,639 4,000 125,885<br />
264,101,788 266,476,991 30,434,116 27,849,391<br />
NET CURRENT ASSETS 37,008,446 93,565,958 191,587,505 109,843,094<br />
EQUITY ATTRIBUTABLE TO EQUITY<br />
HOLDERS OF THE PARENT<br />
824,505,822 697,400,748 394,690,388 409,937,569<br />
Share capital 17 125,650,347 123,294,789 125,650,347 123,294,789<br />
Treasury shares 18 (4,395,831) (4,350,641) (4,395,831) (4,350,641)<br />
Reserves 19 195,588,996 203,005,930 47,809,539 45,367,088<br />
316,843,512 321,950,078 169,064,055 164,311,236<br />
Minority interest 5,239,940 314,973 - -<br />
TOTAL EQUITY 322,083,452 322,265,051 169,064,055 164,311,236<br />
NON-CURRENT LIABILITIES<br />
Deferred tax liabilities 9 86,435 - - -<br />
Long term borrowings 20 396,738,435 249,538,197 120,028,833 120,028,833<br />
Serial fi xed rate bond 21 105,597,500 125,597,500 105,597,500 125,597,500<br />
See accompanying notes to the fi nancial statements.<br />
502,422,370 375,135,697 225,626,333 245,626,333<br />
824,505,822 697,400,748 394,690,388 409,937,569
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