SUNNINGDALE TECH LTD
ANNUAL REPORT 2014
46
BALANCE SHEETS
Group
Company
Note
2014
2013
2014
2013
$’000
$’000
$’000
$’000
ASSETS
Non-current assets
Property, plant and equipment
13
193,618
136,288
4,775
5,247
Intangible assets
14
20,095
13,125
–
–
Other investments
15
4
1
–
–
Investment in subsidiaries
16
–
–
335,340
243,923
Investment in joint venture
17
5,186
–
–
–
Investment in an associate
18
–
–
–
–
Prepayments
465
–
465
–
Deferred tax assets
26
2,976
625
–
–
222,344
150,039
340,580
249,170
Current assets
Inventories
19
109,186
76,570
6,531
6,922
Prepayments
5,019
2,807
241
134
Trade and other receivables
20
158,458
104,319
88,844
65,153
Cash and short-term deposits
21
103,105
79,216
7,857
7,040
375,768
262,912
103,473
79,249
Non-current assets held for sale
22
–
3,769
–
–
375,768
266,681
103,473
79,249
Total assets
598,112
416,720
444,053
328,419
EQUITY AND LIABILITIES
Current liabilities
Trade and other payables
23
77,599
53,789
63,366
45,929
Excess of progress billings over work-in-progress
19
11,924
10,350
3,171
3,940
Other liabilities
24
52,224
32,090
4,718
4,053
Loans and borrowings
25
91,594
53,983
45,552
18,228
Tax payable
4,869
5,263
–
256
238,210
155,475
116,807
72,406
Net current assets/(liabilities)
137,558
111,206
(13,334)
6,843
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
AS AT 31 DECEMBER 2014
BALANCE SHEETS
