Abacus Property Group – Annual Financial Report 2017

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2017
ABACUS PROPERTY GROUP
2017 2016
Notes $'000 $'000
CURRENT ASSETS
Investment properties held for sale 5 8,000 186,550
Inventory 6(a) 8,474 9,845
Property loans 7(a) 72,597 93,685
Cash and cash equivalents 9 56,288 43,792
Property, plant and equipment held for sale 16 - 130,000
Trade and other receivables 18,457 8,851
Derivatives at fair value 1,667 -
Other 3,242 5,138
TOTAL CURRENT ASSETS 168,725 477,861
NON-CURRENT ASSETS
Investment properties 5 1,563,523 1,335,069
Inventory 6(b) 96,479 68,633
Property loans 7(b) 274,070 291,577
Equity accounted investments 8 167,248 179,935
Deferred tax assets 4(c) 6,954 10,876
Property, plant and equipment 16 84,734 4,676
Other financial assets 7(c) 42,543 49,269
Intangible assets and goodwill 21 32,394 32,394
TOTAL NON-CURRENT ASSETS 2,267,945 1,972,429
TOTAL ASSETS 2,436,670 2,450,290
CURRENT LIABILITIES
Trade and other payables 27,865 26,167
Interest-bearing loans and borrowings 11(a) - 124,745
Derivatives at fair value 5,469 2,650
Income tax payable 740 507
Other financial liabilities - 45,934
Other 6,910 8,476
TOTAL CURRENT LIABILITIES 40,984 208,479
NON-CURRENT LIABILITIES
Interest-bearing loans and borrowings 11(b) 549,184 631,323
Derivatives at fair value 16,814 37,591
Deferred tax liabilities 4(c) 10,358 9,535
Other 4,709 4,085
TOTAL NON-CURRENT LIABILITIES
581,065 682,534
TOTAL LIABILITIES 622,049 891,013
NET ASSETS 1,814,621 1,559,277
TOTAL EQUITY 1,814,621 1,559,277
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