GCS ANNUAL REPORT 2014
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FOR THE FINANCIAL YEAR ENDED 30 JUNE <strong>2014</strong><br />
CONSOLIDATED STATEMENT OF FINANCIAL POSITION<br />
Note<br />
ASSETS<br />
Current assets<br />
Cash and cash equivalents 7 13,808 15,317<br />
Trade and other receivables 8 27,542 39,919<br />
Prepayments 4,549 -<br />
Inventories 9 5,789 4,295<br />
Current tax assets 571 6,321<br />
Total current assets 52,259 65,852<br />
Non-current assets<br />
Other receivables 10 9,742 9,602<br />
Investments accounted for using the equity method 11 6,625 4,923<br />
Property, plant and equipment 12 173,729 180,503<br />
Intangible assets 13 58,609 59,088<br />
Deferred tax assets 14 4,923 4,888<br />
Other financial assets 15 113 118<br />
Total non-current assets 253,741 259,122<br />
TOTAL ASSETS 306,000 324,974<br />
LIABILITIES<br />
Current liabilities<br />
Trade and other payables 16 15,243 20,613<br />
Borrowings 17 23,772 25,743<br />
Deferred income 18 220 1,011<br />
Current tax liabilities - 2,057<br />
Total current liabilities 39,235 49,424<br />
Non-current liabilities<br />
Borrowings 17 53,653 70,926<br />
Provisions 19 952 858<br />
Deferred tax liabilities 20 14,119 13,890<br />
Total non-current liabilities 68,724 85,674<br />
TOTAL LIABILITIES 107,959 135,098<br />
NET ASSETS 198,041 189,876<br />
EQUITY<br />
Issued capital 21 128,601 128,601<br />
Reserves 21 140 140<br />
Retained profits 21 69,300 61,135<br />
TOTAL EQUITY 198,041 189,876<br />
<strong>2014</strong><br />
$’000<br />
2013<br />
$’000<br />
The above statement should be read in conjunction with the notes to the financial statements.<br />
GLOBAL CONSTRUCTION SERVICES LIMITED <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2014</strong><br />
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