2008 Annual Report - Kenford Group Holdings Limited

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Consolidated Balance Sheet As at 31 March 2008 2008 2007 Notes HK$’000 HK$’000 ASSETS Non-current assets Property, plant and equipment 16 130,077 96,167 Payments for leasehold land held for own use under operating leases 17 4,067 3,236 Goodwill 18 1,403 1,403 Total non-current assets 135,547 100,806 Current assets Inventories 20 72,414 55,853 Trade and bills receivables 21 86,299 94,719 Deposits, prepayments and other receivables 8,075 7,940 Tax recoverable 1,104 – Cash and cash equivalents 22(a) 126,680 116,841 Total current assets 294,572 275,353 Total assets 430,119 376,159 LIABILITIES Current liabilities Trade and bills payables 23 70,068 55,430 Accruals and other payables 21,648 15,690 Borrowings – due within one year 24 84,232 84,779 Bank advances for discounted bills 21 7,461 31,466 Obligations under fi nance leases – due within one year 25 2,544 1,973 Tax payable 66 3,583 Total current liabilities 186,019 192,921 Non-current liabilities Borrowings – due after one year 24 31,014 8,367 Obligations under fi nance leases – due after one year 25 2,611 3,501 Deferred tax liabilities 26 9,627 6,434 Total non-current liabilities 43,252 18,302 Total liabilities 229,271 211,223 Net current assets 108,553 82,432 Total assets less current liabilities 244,100 183,238 TOTAL NET ASSETS 200,848 164,936 Capital and reserves attributable to equity holders of the Company Share capital 27 433 400 Share premium 55,496 36,317 Merger reserve 942 942 Share-based compensation reserve – 700 Properties revaluation reserve 28,015 9,111 Exchange fl uctuation reserve 3,051 330 Retained profi ts 106,411 105,136 Proposed fi nal dividend 6,500 12,000 TOTAL EQUITY 200,848 164,936 On behalf of the Board Lam Wai Ming Director Tam Chi Sang Director Annual Report 2008 37
Balance Sheet As at 31 March 2008 2008 2007 Notes HK$’000 HK$’000 ASSETS Non-current assets Investments in subsidiaries 19 58 58 Current assets Deposits, prepayments and other receivables 150 202 Amounts due from subsidiaries 19 48,583 34,546 Cash and cash equivalents 9,057 16,610 Total current assets 57,790 51,358 Total assets 57,848 51,416 LIABILITIES Current liabilities Accruals and other payables 375 194 Net current assets 57,415 51,164 TOTAL NET ASSETS 57,473 51,222 Capital and reserves attributable to equity holders of the Company Share capital 27 433 400 Reserves 29 57,040 50,822 TOTAL EQUITY 57,473 51,222 On behalf of the Board Lam Wai Ming Director Tam Chi Sang Director 38 KENFORD GROUP HOLDINGS LIMITED
Page 2 and 3: Contents Page 1. Corporate Informat
Page 4 and 5: Chairman’s Statement On behalf of
Page 6 and 7: Management Discussion and Analysis
Page 8 and 9: Management Discussion and Analysis
Page 10 and 11: Report of the Directors PROPERTY, P
Page 12 and 13: Report of the Directors DIRECTORS
Page 14 and 15: Report of the Directors SUBSTANTIAL
Page 16 and 17: Report of the Directors SHARE OPTIO
Page 18 and 19: Report of the Directors SHARE OPTIO
Page 20 and 21: Report of the Directors TAXATION OF
Page 22 and 23: Directors' and Senior Management's
Page 24 and 25: Directors' and Senior Management's
Page 26 and 27: Corporate Governance Report BOARD O
Page 28 and 29: Corporate Governance Report CHAIRMA
Page 30 and 31: Corporate Governance Report NOMINAT
Page 32 and 33: Corporate Governance Report INVESTO
Page 34 and 35: Corporate Structure CORPORATE STRUC
Page 36 and 37: Independent Auditor’s Report OPIN
Page 40 and 41: Consolidated Statement of Changes i
Page 42 and 43: Notes to the Financial Statements F
Page 84 and 85: Five Years Financial Summary CONSOL

2008 Annual Report - Kenford Group Holdings Limited

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