Circular to Shareholders - Fraser and Neave Limited
Circular to Shareholders - Fraser and Neave Limited
Circular to Shareholders - Fraser and Neave Limited
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APPENDIX 2 – PRO FORMA BALANCE SHEET OF THE F&N GROUP<br />
F&N GROUP BALANCE SHEET<br />
As at 30 June 2012<br />
Unaudited<br />
As Reported<br />
$’000<br />
31<br />
After Proposed<br />
Transaction &<br />
before Capital<br />
Reduction<br />
$’000<br />
After Proposed<br />
Transaction &<br />
after Capital<br />
Reduction<br />
$’000<br />
SHARE CAPITAL AND RESERVES<br />
Share capital 1,465,825 1,465,825 977,216<br />
Treasury shares (23) (23) (23)<br />
Reserves 5,562,914 10,440,356 6,898,415<br />
7,028,716 11,906,158 7,875,608<br />
NON-CONTROLLING INTERESTS 845,810 577,805 577,805<br />
Represented by:<br />
NON-CURRENT ASSETS<br />
7,874,526 12,483,963 8,453,413<br />
Investment properties 2,596,363 2,596,363 2,596,363<br />
Joint venture companies 48,010 – –<br />
Associated companies 1,387,043 1,383,990 1,383,990<br />
Other non-current assets 2,424,883 1,375,968 1,375,968<br />
6,456,299 5,356,321 5,356,321<br />
CURRENT ASSETS<br />
Properties held for sale 4,522,538 4,522,538 4,522,538<br />
Bank fi xed deposits 1,061,790 888,146 888,146<br />
Cash <strong>and</strong> bank balances 603,655 6,092,615 511,515<br />
Other current assets 1,357,829 1,101,801 1,101,801<br />
7,545,812 12,605,100 7,024,000<br />
Deduct: CURRENT LIABILITIES<br />
Borrowings 437,774 400,330 –<br />
Other current liabilities 1,638,354 1,253,770 1,253,770<br />
2,076,128 1,654,100 1,253,770<br />
NET CURRENT ASSETS 5,469,684 10,951,000 5,770,230<br />
Deduct: NON-CURRENT LIABILITIES<br />
Borrowings 3,761,600 3,571,452 2,421,232<br />
Other non-current liabilities 289,857 251,906 251,906<br />
4,051,457 3,823,358 2,673,138<br />
7,874,526 12,483,963 8,453,413
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