enl commercial limited annual report 2011 - Investing In Africa
enl commercial limited annual report 2011 - Investing In Africa
enl commercial limited annual report 2011 - Investing In Africa
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Statements of Financial Position<br />
June 30, <strong>2011</strong><br />
THE GROUP<br />
THE COMPANY<br />
Notes <strong>2011</strong> 2010 <strong>2011</strong> 2010<br />
Rs’000 Rs’000 Rs’000 Rs’000<br />
Assets<br />
Non current assets<br />
Property, plant and equipment 5 622,483 402,795 - -<br />
<strong>In</strong>tangible assets 6 124,301 27,212 - -<br />
<strong>In</strong>vestments in subsidiary companies 7 - - 803,199 581,815<br />
<strong>In</strong>vestments in associates 8 35,986 22,288 65,163 160,314<br />
<strong>In</strong>vestments in financial assets 9 28,086 835,286 - 826,550<br />
Deposit on investment 10 9,321 52,891 9,321 57,891<br />
820,177 1,340,472 877,683 1,626,570<br />
Current assets<br />
<strong>In</strong>ventories 11 413,813 286,622 - -<br />
Trade and other receivables 12 556,586 268,725 4,485 9,035<br />
Amounts receivable from group companies 13 10,945 25,490 66,800 57,698<br />
Held for trading securities 14 3,756 3,756 3,756 3,756<br />
Cash and cash equivalents 47,325 11,189 119 489<br />
1,032,425 595,782 75,160 70,978<br />
Non-current assets classified as held for sale 15 679,872 - 679,872 -<br />
Total assets 2,532,474 1,936,254 1,632,715 1,697,548<br />
Equity and Liabilities<br />
Capital and reserves<br />
Share capital 16 177,960 177,960 177,960 177,960<br />
Reserves 878,352 926,488 1,191,802 1,300,459<br />
Equityholders’ interests 1,056,312 1,104,448 1,369,762 1,478,419<br />
Non-controlling interests 17,389 80 - -<br />
Total equity 1,073,701 1,104,528 1,369,762 1,478,419<br />
Liabilities<br />
Non-current liabilities<br />
Borrowings 17 403,018 134,929 134,714 33,921<br />
Deferred tax liabilities 18 27,635 3,307 - -<br />
Retirement benefit obligations 19 47,493 19,173 - -<br />
Deferred income 20 610 - - -<br />
478,756 157,409 134,714 33,921<br />
Current liabilities<br />
Trade and other payables 21 444,866 168,392 2,476 3,513<br />
Amounts payable to group companies 22 161,410 152,906 11,088 24,291<br />
Current tax liabilities 23 3,173 5,558 84 78<br />
Borrowings 17 355,982 335,792 100,005 145,657<br />
Proposed dividends 24 14,586 11,669 14,586 11,669<br />
Total liabilities 980,017 674,317 128,239 185,208<br />
Total equity and liabilities 2,532,474 1,936,254 1,632,715 1,697,548<br />
These financial statements have been approved for issue by the Board of Directors on September 30, <strong>2011</strong>.<br />
Guy RIVALLAND<br />
Chairman<br />
Eric ESPITALIER-NOËL<br />
Director<br />
The notes on pages 70 to 111 form an integral part of these financial statements.<br />
Auditors’ <strong>report</strong> on pages 62 and 63.<br />
ENL Commercial Limited<br />
Annual Report <strong>2011</strong><br />
65
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