BALANCE SHEETS
As at 31 December 2014
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Group
Company
Note
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Non-current assets
Property, plant and equipment
4
22,449
20,098
52
57
Investment in subsidiaries
5
−
− 222,403
222,551
Other investment
7
190
190
190
190
Intangible assets
8
44,198
44,802
1,290
1,451
Deferred tax assets
9
13,479
13,461
4,095
4,236
Current assets
Gross amount due from customers
for contract work-in-progress
10
85,820
62,737
–
–
Inventories
11
17,166
15,255
–
–
Trade and other receivables
12
109,892
112,676
1,814
1,649
Prepaid operating expenses
2,460
1,656
27
38
Amounts due from subsidiary companies
5
−
−
24,779
6,456
Cash and cash equivalents
26
66,891
186,586
3,092
131,950
282,229
378,910
29,712
140,093
Current liabilities
Gross amount due to customers for
contract work-in-progress
10
28,806
26,954
–
–
Trade payables and accruals
13
62,952
217,048
10,397
162,473
Finance leases
28
169
115
–
–
Loans and borrowings
14
42,619
1,457
39,125
1,056
Amounts due to subsidiary companies
5
–
–
71,572
72,688
Provision for warranties
15
1,506
1,575
–
–
Provision for taxation
3,579
5,197
–
963
139,631
252,346
121,094
237,180
Net current assets/(liabilities)
142,598
126,564
(91,382)
(97,087)
Non-current liabilities
Deferred tax liabilities
9
(4,220)
(4,652)
–
–
Finance leases
28(c)
(224)
(232)
–
–
Loans and borrowings
14
(864)
(1,265)
–
–
Net assets
217,606
198,966
136,648
131,398
Equity attributable to owners of the Company
Share capital
16
98,542
98,542
98,542
98,542
Revenue reserve
144,761
131,337
28,230
22,980
Other reserves
17
9,805
9,805
9,876
9,876
Foreign currency translation reserve
18
(42,919)
(46,585)
–
–
210,189
193,099
136,648
131,398
Non-controlling interests
7,417
5,867
–
–
Total equity
217,606
198,966
136,648
131,398
51
ANNUAL REPORT 2014
