FRONTLINE COVER FA 070606 CR2.indd
FRONTLINE COVER FA 070606 CR2.indd
FRONTLINE COVER FA 070606 CR2.indd
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
48<br />
frontline technologies corporation ltd<br />
annual report 2006<br />
> consolidated balance sheets<br />
for the financial year ended 31 march 2006<br />
Group<br />
Company<br />
Note 2006 2005 2006 2005<br />
$ $ $ $<br />
Non-current assets<br />
Property, plant and equipment 14 9,358,976 8,629,480 – –<br />
Subsidiaries 15 – – 44,141,653 36,974,476<br />
Associated companies 16 23,863,773 21,167,055 41,984,153 41,984,153<br />
Available-for-sale investments 17 10,695 333,420 – 322,726<br />
Club memberships 18 270,234 216,020 235,000 199,000<br />
Deferred tax assets 11 1,039,153 729,040 – –<br />
Goodwill on acquisition 19 18,456,313 17,770,928 – –<br />
Intangible assets 20 2,869,580 2,192,504 – –<br />
Finance lease receivable 21 1,816,939 3,797,416 – –<br />
Other receivables 22 2,610,559 3,571,759 – –<br />
Fixed deposits 23 4,000,000 4,000,000 – –<br />
64,296,222 62,407,622 86,360,806 79,480,355<br />
Current assets<br />
Inventories 24 11,563,062 13,555,857 – –<br />
Trade and other receivables 25 98,969,159 83,936,831 7,185,898 7,170,684<br />
Finance lease receivable 21 1,833,267 2,157,542 – –<br />
Cash and cash equivalents 26 28,747,007 31,574,351 1,701,337 4,272,702<br />
141,112,495 131,224,581 8,887,235 11,443,386<br />
Total assets 205,408,717 193,632,203 95,248,041 90,923,741<br />
Non-current liabilities<br />
Deferred tax liabilities 11 1,341,635 1,342,042 – –<br />
Hire purchase creditors 28 2,265,380 3,052,792 – –<br />
Unearned revenue 643,030 2,380,750 – –<br />
4,250,045 6,775,584 – –<br />
Current liabilities<br />
Trade and other payables 27 68,887,519 59,608,169 9,687,809 5,035,939<br />
Tax payable 977,448 890,723 – 7,245<br />
Hire purchase creditors 28 2,221,660 1,761,634 – –<br />
Borrowings and loans 29 24,736,527 21,247,803 – –<br />
96,823,154 83,508,329 9,687,809 5,043,184<br />
Total liabilities 101,073,199 90,283,913 9,687,809 5,043,184<br />
104,335,518 103,348,290 85,560,232 85,880,557<br />
Equity<br />
Issued and paid up capital 30 85,113,765 85,063,765 85,113,765 85,063,765<br />
Reserves 31 4,873,546 1,901,375 446,467 816,792<br />
Minority interest 14,348,207 16,383,150 – –<br />
104,335,518 103,348,290 85,560,232 85,880,557<br />
The accompanying notes form an integral part of these financial statements.
Change language