Annual Report 2011 - QuamIR

Consolidated Statement of Financial PositionAt 31 March 20112011 2010Notes HK$’000 HK$’000Non-current assetsProperty, plant and equipment 16 78,977 1,956Mining rights 18 144,211 –Exploration and evaluation assets 19 1,083,902 1,021,072Goodwill 20 90,333 –1,397,423 1,023,028Current assetsInventories 21 6,815 3,294Trade and other receivables 22 8,688 7,022Amount due from a non-controlling interestof a subsidiary 23 1 22Bank balances and cash 24 311,810 216,030327,314 226,368Current liabilitiesTrade and other payables 25 18,956 26,121Amount due to a non-controlling interest of a subsidiary 26 8,826 –Amounts due to related companies 26 337 –28,119 26,121Net current assets 299,195 200,247Total assets less current liabilities 1,696,618 1,223,275Non-current liabilitiesConvertible bonds 27 – 47,072Promissory note 28 – 105,370Provision for restoration costs 29 376 –Deferred tax liabilities 30 35,898 –36,274 152,442Net assets 1,660,344 1,070,833Capital and reservesShare capital 31 67,599 26,621Reserves 1,463,434 687,864Equity attributable to owners of the Company 1,531,033 714,485Non-controlling interests 129,311 356,348Total equity 1,660,344 1,070,833The consolidated financial statements were approved and authorized for issue by the Board of Directors on28 June 2011 and are signed on its behalf by:Leung Ngai ManDirectorYeung KitDirectorAnnual Report 201137