Financial Statement - Food Empire Holdings Limited

Note 2: Included in taxation for half year ended 30 June 2005 is an underprovision of S$338,000 (2004:S$nil) for
the prior year.
NM: Not meaningful.
1(b)(i) A balance sheet (for the issuer and group), together with a comparative
statement as at the end of the immediately preceding financial year.
Group Group Company Company
30/06/2005
(S$'000)
31/12/2004
(Restated)
(S$'000)
30/06/2005
(S$'000)
31/12/2004
(Restated)
(S$'000)
Assets Less Liabilities
Non-Current Assets
Fixed assets 14,450 13,369 - -
Investments in subsidiary companies - - 12,519 12,519
Investments in associated companies 1,427 1,272 979 979
Deferred tax assets 948 1,385 - -
Intangible assets 7,738 - - -
24,563 16,026 13,498 13,498
Current Assets
Cash and bank balances 13,194 15,680 634 83
Trade receivables 30,094 27,967 - -
Prepayments,other deposits and other
4,392 4,996 711 1,147
receivables
Amounts due from subsidiary companies
(non-trade)
- - 21,655 16,168
Amounts due from associated companies (trade) 64 138 - -
Amounts due from associated companies
(non-trade)
464 890 - 439
Inventories 34,680 31,906 - -
82,888 81,577 23,000 17,837
Current Liabilities
Trade payables and accruals (13,970) (19,555) (406) -
Other payables (821) (414) (9) (314)
Amount due to a related party (trade) - (1) - -
Provision for taxation (4,380) (3,877) (9) (9)
(19,171) (23,847) (424) (323)
Net Current Assets 63,717 57,730 22,576 17,514
Non-Current Liability
Deferred tax liabilities (262) (249) - -
(262) (249) - -
Net Assets 88,018 73,507 36,074 31,012
Equity
Share capital 18,877 17,457 18,877 17,457
Reserves 65,153 51,636 17,197 13,555
84,030 69,093 36,074 31,012
Minority interests 3,988 4,414 - -
88,018 73,507 36,074 31,012