Contents - Tung Lok Restaurants 2000 Ltd

Balance SheetsDecember 31, 2002ASSETSGroupCompanyNote 2002 2001 2002 2001$ $ $ $Current assets:Cash and bank balances 3,832,121 4,570,816 168,601 114,243Trade receivables 5 1,677,064 1,816,322 - -Other receivables, depositsand prepayments 6 2,144,067 2,906,359 2,780,444 2,821,577Inventories 7 1,280,538 856,529 - -Total current assets 8,933,790 10,150,026 2,949,045 2,935,820Non-current assets:Subsidiaries 8 - - 1,796,714 1,796,714Joint venture 9 (514,786) (312,403) 1,000,000 495,000Goodwill 10 - 177,183 - -Property, plant andequipment 11 10,726,735 9,529,052 - -Total non-current assets 10,211,949 9,393,832 2,796,714 2,291,714Total assets 19,145,739 19,543,858 5,745,759 5,227,534LIABILITIES AND EQUITYCurrent liabilities:Bank overdraft 398,464 - - -Trade payables 12 4,014,690 3,714,375 - -Other payables 13 5,959,330 6,156,826 2,229,956 165,858Current portion of financeleases 14 604,154 298,025 - -Term loans - current 15 1,256,021 734,476 - -Income tax payable 270,936 119,731 7,064 7,064Total current liabilities 12,503,595 11,023,433 2,237,020 172,922Non-current liabilities:Finance leases 14 265,584 258,681 - -Long-term loans 15 2,292,364 2,341,203 - -Deferred income tax 16 484,723 114,723 - -Total non-current liabilities 3,042,671 2,714,607 - -Minority interests 565,104 463,553 - -Capital and reserves:Issued capital 17 3,000,000 2,500,000 3,000,000 2,500,000Share premium 18 4,595,341 2,926,581 4,595,341 2,926,581Accumulated losses (4,560,972) (84,316) (4,086,602) (371,969)Net equity 3,034,369 5,342,265 3,508,739 5,054,612Total liabilities and equity 19,145,739 19,543,858 5,745,759 5,227,534See accompanying notes to financial statements. 39