O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX
O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX
O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Consolidated Balance Sheets<br />
As at<br />
As at 31 December<br />
31 May<br />
2005 2006 2007 2007 2008<br />
S$ S$ S$ US$ S$<br />
(Unaudited)<br />
(In thousands except per Share data)<br />
(Unaudited)<br />
ASSETS<br />
Current assets<br />
Cash and bank balances .................... 1,285 14,238 18,186 13,372 10,082<br />
Pledged deposits ......................... 138 40,969 195,718 143,910 151,183<br />
Trade receivables .........................<br />
Gross amount due from customers for contract<br />
20,430 4,239 25,538 18,778 19,370<br />
work ................................ — 27,418 94,300 69,338 177,055<br />
Deposits, prepayments and other receivables ..... 7,675 21,803 61,757 45,410 115,503<br />
Inventories. ............................. 21,373 25,769 81,465 59,901 67,056<br />
Total current assets .......................<br />
Non-current assets<br />
50,901 134,436 476,964 350,709 540,249<br />
Investments in associates ................... — — 4,709 3,463 8,692<br />
Available-for-sale investments ............... — — 4,080 3,000 4,187<br />
Goodwill ............................... — 922 5,101 3,750 40,370<br />
Property, plant and equipment ............... 11,717 18,527 91,011 66,920 96,123<br />
Total non-current assets .................... 11,717 19,449 104,901 77,133 149,372<br />
Total assets ............................. 62,618 153,885 581,865 427,842 689,621<br />
LIABILITIES AND EQUITY<br />
Current liabilities<br />
Loans and overdraft ....................... 25,754 38,237 136,847 100,623 134,426<br />
Trade payables. ..........................<br />
Gross amount due to customers for contract<br />
20,619 39,594 168,765 124,092 224,603<br />
work ................................ 277 35,070 97,341 71,574 84,637<br />
Other payables. .......................... 3,805 6,210 6,561 4,824 7,152<br />
Deferred gain — short term ................. — — 482 354 482<br />
Current portion of finance leases ............. — 25 80 60 80<br />
Income tax payable ....................... 513 905 2,122 1,560 2,005<br />
Total current liabilities .....................<br />
Non-current liabilities<br />
50,968 120,041 412,198 303,087 453,385<br />
Loans and overdraft ....................... — — 47,516 34,938 41,526<br />
Deferred gain — long-term. ................. — — 12,619 9,279 12,218<br />
Loan from related parties ................... 52,170 27,872 51,381 37,780 102,828<br />
Finance leases ........................... — 170 347 255 315<br />
Total non-current liabilities .................<br />
Capital, reserves and minority interests<br />
52,170 28,042 111,863 82,252 156,887<br />
Issued capital. ........................... 500 32,500 32,500 23,897 32,500<br />
Capital reserve. .......................... 294 1,162 1,656 1,218 1,666<br />
Translation reserve. ....................... 13 (1,158) (5,249) (3,860) (20,441)<br />
Accumulated profits (losses). ................<br />
Equity attributable to equity holders of our<br />
(29,223) (9,023) 32,904 24,194 65,615<br />
Company ............................ (28,416) 23,481 61,811 45,449 79,340<br />
39
Change language