Strength & Stability - ECS Holdings Limited

Group
Company
Note 2008 2007 2008 2007
$’000 $’000 $’000 $’000
Non-Current Assets
Property, plant and equipment 3 10,918 10,599 225 198
Goodwill on consolidation 4 33,522 33,522 - -
Subsidiaries 5 - - 174,374 107,774
Interest in associate 6 7,284 7,019 - -
Other financial assets 7 303 718 151 151
Deferred tax assets 8 4,257 2,314 - -
56,284 54,172 174,750 108,123
Current Assets
Inventories 9 175,292 163,094 - -
Trade and other receivables 10 444,662 428,890 46,697 82,014
Cash and cash equivalents 14 50,518 39,425 2,087 470
670,472 631,409 48,784 82,484
Total Assets 726,756 685,581 223,534 190,607
Equity Attributable to Equity Holders of the Company
Share capital 15 112,815 112,815 112,815 112,815
Reserves 16 124,986 99,838 20,741 11,907
237,801 212,653 133,556 124,722
Minority Interests 14,285 10,983 - -
Total Equity 252,086 223,636 133,556 124,722
Non-Current Liabilities
Financial liabilities 18 66,818 5 66,600 -
Deferred income 19 978 968 - -
Deferred tax liabilities 8 886 308 27 27
68,682 1,281 66,627 27
Current Liabilities
Financial liabilities 18 126,596 190,533 20,660 62,790
Deferred income 19 556 302 - -
Trade and other payables 20 275,424 267,111 2,594 2,964
Current tax payable 3,412 2,718 97 104
405,988 460,664 23,351 65,858
Total Liabilities 474,670 461,945 89,978 65,885
Total Equity and Liabilities 726,756 685,581 223,534 190,607
p.
46
Balance
Sheets
As at 31 December 2008
ECS Holdings Limited
.
The accompanying notes form an integral part of these financial statements.