notes to the financial statements - Food Empire Holdings Limited

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BALANCE SHEETS As at 31 December 2012 Note Group Company 2012 US$’000 2011 US$’000 2012 US$’000 2011 US$’000 Non-Current Assets Property, plant and equipment 12 33,562 23,857 186 221 Investment properties 13 11,400 10,765 – – Investment in subsidiaries 14 – – 44,545 44,545 Investment in associates 15 12,890 9,988 – – Amount due from an associate 16 2,600 2,600 – – Intangible assets 17 13,343 13,343 – – Deferred tax assets 18 207 142 – – Other receivables 19 378 – – – 74,380 60,695 44,731 44,766 Current Assets Inventories 20 27,172 22,257 – – Prepaid operating expenses and other debtors 21 6,746 2,173 46 29 Deferred expenses 165 400 – – Amounts due from subsidiaries (non-trade) 22 – – 7,353 5,889 Amounts due from associates (non-trade) 23 539 514 – – Trade receivables 24 54,501 63,050 – – Other receivables 19 938 2,435 – – Derivatives 25 178 – – – Cash and cash equivalents 26 46,596 35,148 418 116 136,835 125,977 7,817 6,034 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 54
Food Empire Holdings Limited Annual Report 2012 BALANCE SHEETS (cont’d) As at 31 December 2012 Note Group Company 2012 US$’000 2011 US$’000 2012 US$’000 2011 US$’000 Current Liabilities Trade payables and accruals 27 (27,593) (25,672) (1,327) (1,043) Other payables 28 (8,398) (719) – – Finance lease creditor 34 (10) (9) – – Interest-bearing loans and borrowings 29 (1,122) (1,076) – – Amounts due to subsidiaries (non-trade) 22 – – (22) (21) Provision for taxation (394) (1,662) – – (37,517) (29,138) (1,349) (1,064) Net Current Assets 99,318 96,839 6,468 4,970 Non-Current Liabilities Finance lease creditor 34 (37) (8) – – Interest-bearing loans and borrowings 29 (11,768) (12,310) – – Deferred tax liabilities 18 (473) (364) – – (12,278) (12,682) – – Net Assets 161,420 144,852 51,199 49,736 Equity Share capital 30 40,464 39,751 40,464 39,751 Treasury shares 30 (317) – (317) – Reserves 31 121,267 104,850 11,052 9,985 161,414 144,601 51,199 49,736 Non-controlling interest 6 251 – – Total Equity 161,420 144,852 51,199 49,736 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 55
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INVEST MONEY ASSET PRODUCTS WORK IT
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INTRODUCTION VOYAGE OF DISCOVERIES
Page 6 and 7: CORPORATE PROFILE EVERYTHING YOU NE
Page 8 and 9: EXECUTIVE CHAIRMAN’S MESSAGE FRON
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NOTES TO THE FINANCIAL STATEMENTS (
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SHAREHOLDERS’ INFORMATION (cont
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NOTICE OF ANNUAL GENERAL MEETING NO
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NOTICE OF ANNUAL GENERAL MEETING (c
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