FEDERAL INTERNATIONAL (2000) LTD

Federal International (2000) Ltd AR 2002and its Subsidiary Companies36Balance SheetsLong-term liabilitiesGROUPCOMPANYNOTES 2002 2001 2002 2001$ $ $ $Term loans 23 – 596,586 – –Hire purchase creditors 24 418,264 654,084 235,235 336,860418,264 1,250,670 235,235 336,860Net assets 45,639,476 43,646,689 46,776,040 40,118,234EquityShare capital 25 35,048,775 35,048,775 35,048,775 35,048,775Share premium 26 3,363,216 3,363,216 3,363,216 3,363,216Revaluation reserve 2,398,534 2,398,534 – –Foreign currency translation 233,509 (8,991) – –Revenue reserves 4,560,565 2,840,565 8,364,049 1,706,243Total equity 45,604,599 43,642,099 46,776,040 40,118,234Minority interests 34,877 4,590 – –45,639,476 43,646,689 46,776,040 40,118,234The accounting policies and explanatory notes on pages 42 through 75 form an integral part of the financial statements.