Osim FR 050407.indd

Balance Sheets as at 31 December 2006 (cont’d)Note Group Company2006 2005 2006 2005$’000 $’000 $’000 $’000(Restated)Current liabilitiesTrade creditors 22 20,547 21,695 3,357 11,616Other creditors and accruals 23 42,741 47,815 11,898 21,972Provisions 24 6,527 5,797 2,904 2,746Due to subsidiaries (trade) 20 – – 58 –Due to subsidiaries (non-trade) 20 – – 7,764 117Due to affi liated companies (trade) 20 – 9,593 – 52Due to affi liated companies (non-trade) 20 1,219 18 – –Due to associated companies (trade) 20 20,650 5,984 17,930 4,708Due to associated companies (non-trade) 20 6 – 6 –Due to joint venture (trade) 20 7 – 7 –Short-term bank loans 25 11,658 14,155 – –Provision for income tax 9,933 7,383 4,920 5,441Bank loans – current portion 26 23,635 23,491 20,000 20,000Obligations under fi nance leases – current portion 27 1,185 1,552 – –Bills payable to banks (unsecured) 32,987 49,618 19,404 45,867Bank overdrafts 21 – 2,858 – –171,095 189,959 88,248 112,519Net current assets/(liabilities) 2,601 13,727 (26,565) (12,490)Non-current liabilitiesBank loans – non-current portion 26 66,639 90,462 60,000 80,000Obligations under fi nance leases – non-current portion 27 1,128 3,150 – –Provision for pension benefi ts 28b 321 429 – –Deferred tax liabilities 35 4,254 4,084 1,066 3072,342 98,125 61,066 80,030Net assets 176,339 173,816 153,138 128,922The accompanying accounting policies and explanatory notes form an integral part of the fi nancial statements.Balance Sheets 75Annual Report 2006