CHINA ERATAT SPORTS FASHION LIMITED ANNuAL REPORT ...

China Eratat Sports Fashion Limited • Annual Report FY2010 31
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT 31 MARCH 2010
Group Company
Note 2010 2009 2010 2009
RMB’000 RMB’000 RMB’000 RMB’000
ASSETS
Non-current assets
Property, plant and equipment 11 71,172 73,579 16 22
Land use rights 12 22,459 22,977 - -
Prepaid land lease 13 448 640 - -
Investment in subsidiaries 14 - - 49,050 48,504
Goodwill 15 1,759 1,759 - -
95,838 98,955 49,066 48,526
Current assets
Inventories 16 19,995 10,986 - -
Trade receivables 17 269,087 167,726 - -
Other receivables and other current assets 18 45,979 58,995 141 179
Prepaid land lease 13 192 192 - -
Due from subsidiaries 19 - - 187,872 191,074
Cash and cash equivalents 20 176,001 154,251 983 2,459
511,254 392,150 188,996 193,712
Total Assets 607,092 491,105 238,062 242,238
EQUITY AND LIABILITIES
Capital and reserves
Share capital 21 239,159 239,159 239,159 239,159
Statutory reserve 22 10,957 10,957 - -
Merger reserve 22 2,545 2,545 - -
Foreign currency translation reserve 22 (16,043) (16,043) (16,213) (16,213)
Retained earnings 297,377 207,060 3,941 8,139
533,995 443,678 226,887 231,085
Current liabilities
Trade payables 23 43,566 17,060 - -
Other payables 24 23,369 24,011 1,391 1,369
Due to subsidiaries 19 - - 9,784 9,784
Amount due to a director 25 - 175 - -
Provision for income tax 6,162 6,181 - -
73,097 47,427 11,175 11,153
Total Equity and Liabilities 607,092 491,105 238,062 242,238
The accompanying notes form an integral part of the financial statements