2008 Annual Report - Kenford Group Holdings Limited
2008 Annual Report - Kenford Group Holdings Limited
2008 Annual Report - Kenford Group Holdings Limited
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Five Years Financial Summary<br />
CONSOLIDATED BALANCE SHEETS<br />
31st March,<br />
2004 2005 2006 2007 <strong>2008</strong><br />
HK$’000 HK$’000 HK$’000 HK$’000 HK’000<br />
(Restated) (Restated)<br />
Non-current assets<br />
Property, plant and equipment 75,737 78,295 91,461 96,167 130,077<br />
Payments for leasehold land held for own use<br />
under operating leases 1,790 3,288 3,247 3,236 4,067<br />
Goodwill – 1,403 1,403 1,403 1,403<br />
Total non-current assets 77,527 82,986 96,111 100,806 135,547<br />
Current assets<br />
Inventories 50,867 60,881 54,207 55,853 72,414<br />
Trade and bills receivable 26,709 46,880 69,363 94,719 86,299<br />
Deposits, prepayments and<br />
other receivables 4,225 12,617 8,479 7,940 8,075<br />
Amounts due from related companies 10,338 – – – –<br />
Tax recoverable – – 1,866 – 1,104<br />
Pledged bank deposit 6,043 6,051 – – –<br />
Cash and cash equivalents 30,020 77,176 63,334 116,841 126,680<br />
Total current assets 128,202 203,605 197,249 275,353 294,572<br />
Current liabilities<br />
Trade and bills payable 38,001 55,298 46,291 55,430 70,068<br />
Accruals and other payables 12,133 15,620 15,461 15,690 21,648<br />
Dividends payable 17,429 32,489 – – –<br />
Amount due to a related company 943 – – – –<br />
Borrowings-due within one year 61,843 90,004 69,204 84,779 84,232<br />
Bank advances for discounted bills – – 18,534 31,466 7,461<br />
Obligations under fi nance leases –<br />
due within one year 2,387 1,014 457 1,973 2,544<br />
Tax payable 317 2,506 48 3,583 66<br />
Total current liabilities 133,053 196,931 149,995 192,921 186,019<br />
Net current assets/(liabilities) (4,851) 6,674 47,254 82,432 108,553<br />
Total assets less current liabilities 72,676 89,660 143,365 183,238 244,100<br />
Non-current liabilities<br />
Borrowings – due after one year 7,841 7,622 11,607 8,367 31,014<br />
Obligations under fi nance leases<br />
– due after one year 930 599 155 3,501 2,611<br />
Deferred tax liabilities 2,734 2,823 6,100 6,434 9,627<br />
Net assets 61,171 78,616 125,503 164,936 200,848<br />
Capital and reserves<br />
Share capital 58 100 400 400 433<br />
Reserves 61,113 78,516 125,103 164,536 200,415<br />
Equity attributable to equity holders<br />
of the Company 61,171 78,616 125,503 164,936 200,848<br />
Note:<br />
Pursuant to the adoption of all applicable HKFRSs in 2006, certain fi gures have been restated as explained in note 2(c) to the 2006 annual report.<br />
84 KENFORD GROUP HOLDINGS LIMITED
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