Change - S P Setia Berhad

77
S P Setia Berhad Group
BALANCE
SHEET
31 OCTOBER 2008
Note 2008 2007
RM’000
RM’000
ASSETS
Non-current assets
Property, plant and equipment 3 200 278
Investment properties 4 1,157 1,552
Prepaid lease payments 6 880 890
Investment in subsidiary companies 7 291,077 290,987
Investment in associated companies 8 39,249 39,249
Investment in jointly controlled entities 9 40,731 24,631
Amounts owing by subsidiary companies 11 1,405,224 1,115,565
Amounts owing by associated companies 12 288 296
Deferred tax asset 14 441 899
Total non-current assets 1,779,247 1,474,347
Current assets
Gross amount due from customers 16 5,080 4,203
Trade receivables 19 3,066 –
Amounts owing by subsidiary companies 11 159,652 151,986
Amounts owing by jointly controlled entities 20 26,720 30,379
Other receivables, deposits and prepayments 21 6,027 14,362
Current tax asset 10,421 10,063
Deposits 22 313,524 109,068
Cash and bank balances 23 3,228 60,471
Total current assets 527,718 380,532
TOTAL ASSETS 2,306,965 1,854,879
EQUITY AND LIABILITIES
Equity
Share capital 24 762,524 504,454
Share premium account 217,584 438,430
Warrant reserve (non-distributable) 47,798 –
Retained earnings 652,457 810,231
Total equity 1,680,363 1,753,115
Non-current liabilities
Redeemable serial bonds 25 460,577 –
Amounts owing to subsidiary companies 11 131,738 64,271
Total non-current liabilities 592,315 64,271
Current liabilities
Gross amount due to customers 16 6,573 427
Trade payables 30 6,830 12,077
Amounts owing to subsidiary companies 11 4,660 21,395
Other payables and accruals 31 16,224 3,594
Total current liabilities 34,287 37,493
Total liabilities 626,602 101,764
TOTAL EQUITY AND LIABILITIES 2,306,965 1,854,879
Notes to and forming part of the financial statements are set out on pages 82 to 144
Auditors’ Report – Pages 69 to 70