Page 44 - ar2011

42 kingsmen creatives ltd
Group Company
Note 2011 2010 2011 2010
$’000 $’000 $’000 $’000
(Reclassifed)
assets
Non-current assets
Property, plant and equipment 12 11,181 11,890 201 253
Intangible assets 13 5,278 5,546 – –
Investments in subsidiaries 14 – – 20,017 20,017
Investments in associates 15 7,748 7,113 5,944 5,944
Other investments 16 543 543 543 543
Other receivables 19 943 1,371 – –
25,693 26,463 26,705 26,757
Current assets
Inventories 17 62 142 – –
Gross amount due from customers for contract work-
in-progress 18 11,346 14,004 – –
Trade and other receivables 19 95,316 73,954 2,850 1,889
Prepaid operating expenses 493 395 17 42
Amounts due from subsidiaries 20 – – 953 1,308
Amounts due from associates 20 931 714 914 714
Cash and short-term deposits 21 33,231 29,903 1,961 1,782
141,379 119,112 6,695 5,735
Total assets 167,072 145,575 33,400 32,492
equity and liabilities
Current liabilities
Gross amount due to customers for contract work-in-
progress 18 2,421 2,756 – –
Trade and other payables 22 78,045 67,966 1,326 1,281
Deferred income 23 5,077 3,605 – –
Amounts due to subsidiaries 20 – – 1,995 4,157
Loans and borrowings 24 3,152 3,334 – –
Income tax payable 5,979 5,276 – –
94,674 82,937 3,321 5,438
Net current assets 46,705 36,175 3,374 297
Non-current liabilities
Other payables 22 107 107 – –
Loans and borrowings 24 2,053 1,956 – –
Deferred tax liabilities 25 770 1,175 22 30
2,930 3,238 22 30
Total liabilities 97,604 86,175 3,343 5,468
Net assets 69,468 59,400 30,057 27,024
Equity attributable to owners of the Company
Share capital 26(a) 23,266 23,266 23,266 23,266
Treasury shares 26(b) (1,235) (1,569) (1,235) (1,569)
Retained earnings 48,300 39,291 7,701 5,154
Other reserves 27 (3,457) (3,932) 325 173
66,874 57,056 30,057 27,024
Non-controlling interests 2,594 2,344 – –
Total equity 69,468 59,400 30,057 27,024
Total equity and liabilities 167,072 145,575 33,400 32,492
The accompanying accounting policies and explanatory notes form an integral part of the fnancial statements.
BALANCE
SHEETS
AS AT 31 December 2011