board of directors - Petron

BALANCE SHEETAS AT DECEMBER 31, 2001NON CURRENT ASSETSNote 2001 2000RM'000 RM'000Property, plant and equipment 8 1,151,595 1,043,955Long term assets and receivables 9 182,201 178,100Intangible assets - software 10 16,795 12,746TOTAL NON CURRENT ASSETS 1,350,591 1,234,801CURRENT ASSETSInventories 11 149,411 112,056Receivables 12 249,910 154,976Amounts due from related companies 86,243 117,092Cash and bank balances 10,896 15,869TOTAL CURRENT ASSETS 496,460 399,993CURRENT LIABILITIESPayables 13 257,370 221,803Amounts due to related companies 203,006 297,617Notes payable - interest bearing 14 150,000 100,000Bank borrowings - interest bearing 14 182,797 203,697Term borrowings - interest bearing 15 300,000 -Taxation 37,173 17,583TOTAL CURRENT LIABILITIES 1,130,346 840,700NET CURRENT LIABILITIES (633,886) (440,707)LESS: NON CURRENT LIABILITIESDeferred taxation 16 95,204 53,489Provision for retirement benefits 68,655 70,240Term borrowings - interest bearing 15 - 300,000163,859 423,729TOTAL NET ASSETS EMPLOYED 552,846 370,365FINANCED BY:SHARE CAPITAL 17 135,000 135,000RESERVES 18 8,000 8,000RETAINED EARNINGS 18 409,846 227,365SHAREHOLDERS' EQUITY 552,846 370,365ANNUAL REPORT & ACCOUNTS 200125