FINANCIAL STATEMENTS - Mewah Group

ANNUAL REPORT 2012CONSOLIDATED STATEMENTOF FINANCIAL POSITIONAs at 31 December 2012Note 2012 2011US$’000 US$’000ASSETSCurrent assetsInventories 13 243,446 307,490Trade receivables 14 443,963 410,963Other receivables 15 93,473 24,590Current income tax recoverable 16,518 20,613Deferred income tax assets 25 661 -Derivative financial instruments 16(a) 101,235 38,747Cash and cash equivalents 17 48,747 136,799948,043 939,202Non-current assetsProperty, plant and equipment 18 338,661 287,796Leasehold prepayments 19 17,780 13,514Investment in associated company 20(a) 271 204Intangible asset 21 - 3,189Derivative financial instruments 16(b) 796 185357,508 304,888Total assets 1,305,551 1,244,090LIABILITIESCurrent liabilitiesTrade payables 22 243,503 210,463Other payables 23 46,078 51,353Current income tax liabilities 3,784 1,157Derivative financial instruments 16(a) 56,099 42,317Borrowings 24 284,266 339,359633,730 644,649Non-current liabilitiesBorrowings 24 99,406 46,771Deferred income tax liabilities 25 12,468 14,880111,874 61,651Total liabilities 745,604 706,300NET ASSETS 559,947 537,790EQUITYCapital and reserves attributable to equity holders of the Company:Share capital 26 1,507 1,507Share premium 26 185,416 185,416Retained profits 28(a) 383,946 368,334Other reserves 27 (7,589) (15,415)563,280 539,842Non-controlling interests (3,333) (2,052)Total equity 559,947 537,790The accompanying notes form an integral part of these financial statements.45