Directors - Caribbean Cement Company Limited

CARIBBEAN CEMENT COMPANY LIMITED AND ITS SUBSIDIARIESConsolidated Balance SheetAs at 31 December 2008(Expressed in Jamaican Dollars)Notes 2008$’0002007$’000NET ASSETSNon-current assetsProperty, plant and equipment 12 5,085,261 4,829,303Goodwill 13 17,489 17,489Intangible assets 14 5,140 6,3285,107,890 4,853,120Current assetsInventories 17 2,538,805 1,538,776Receivables and prepayments 18 357,703 405,167Due from related companies 19 516,341 26,014Taxation recoverable 46,805 44,422Cash and cash equivalents 20 19,249 180,3713,478,903 2,194,750Current liabilitiesBank overdraft 21 29,532 57,863Payables and accruals 22 2,612,424 1,157,151Due to related companies 23 231,367 168,778Income tax payable 24,904 13Short-term loans 25 565,974 348,738Current portion of long-term loans 26 6,650 8,3943,470,851 1,740,937Working capital 8,052 453,813Non-current liabilitiesDue to related companies 23 1,102,797 1,725,260Long-term loans 26 6,117 7,897Deferred tax liability 8 548,444 417,8551,657,358 2,151,012TOTAL NET ASSETS 3,458,584 3,155,921The accompanying notes form an integral part of these financial statements.302CARIBBEAN CEMENT COMPANY & ITS SUBSIDIARIES