Group
Company
Note
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Assets
Non-current assets
Property, plant and equipment
10
14,905
15,652
9,400
8,215
Intangible assets
11
92
79
89
75
Investment in subsidiaries
12
–
–
13,147
13,147
Investment in associates
13
49,503
49,488
505
68
Deferred tax assets
15
–
12
–
–
64,500
65,231
23,141
21,505
Current assets
Investment held for trading
14
–
110
–
–
Inventories
16
5,381
28,058
4,381
25,645
Trade and other receivables
17
31,889
35,549
46,362
49,906
Income tax recoverable
61
135
–
–
Prepaid expenses
191
184
178
145
Cash and cash equivalents
18
50,514
52,661
33,701
45,222
88,036
116,697
84,622
120,918
Total assets
152,536
181,928
107,763
142,423
Equity and liabilities
Current liabilities
Trade and other payables
19
8,853
25,471
9,254
29,643
Finance lease payables
21
246
44
239
–
Bank borrowings
22
4,171
5,857
4,171
5,857
Deferred income
23
1,429
1,429
1,429
1,429
Provision for income tax
13
13
–
–
Derivative financial instruments
20
59
–
59
–
14,771
32,814
15,152
36,929
Net current assets
73,265
83,883
69,470
83,989
Non-current liabilities
Finance lease payables
21
378
23
378
–
Bank borrowings
22
2,646
6,855
2,646
6,855
Deferred income
23
4,405
5,833
4,405
5,833
Provision for reinstatement costs
24
1,000
1,000
700
700
8,429
13,711
8,129
13,388
Total liabilities
23,200
46,525
23,281
50,317
Net assets
129,336
135,403
84,482
92,106
Equity attributable to owners of
the Company
Share capital
25
152,052
152,052
152,052
152,052
Treasury shares
26
(1,906)
(1,885)
(1,906)
(1,885)
Other reserves
27
1,640
1,931
2,527
2,527
Accumulated losses
(22,714)
(17,259)
(68,191)
(60,588)
129,072
134,839
84,482
92,106
Non-controlling interests
264
564
–
–
Total equity
129,336
135,403
84,482
92,106
Total equity and liabilities
152,536
181,928
107,763
142,423
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
47
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
BALANCE
SHEETS
As at 31 December 2015
