2004 - Hiap Teck Venture Berhad
2004 - Hiap Teck Venture Berhad
2004 - Hiap Teck Venture Berhad
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Balance Sheets<br />
as at 31 July <strong>2004</strong><br />
NON-CURRENT ASSETS<br />
GROUP<br />
COMPANY<br />
Note <strong>2004</strong> 2003 <strong>2004</strong> 2003<br />
RM'000 RM'000 RM'000 RM'000<br />
Property, plant and equipment 3 151,569 157,481 63,346 64,125<br />
Investments in subsidiaries 4 - - 81,570 75,474<br />
Other investments 5 472 332 35 35<br />
Goodwill on consolidation 6 839 891 - -<br />
Deferred tax assets 18 1,056 46 370 19<br />
CURRENT ASSETS<br />
153,936 158,750 145,321 139,653<br />
Inventories 7 196,932 146,295 - -<br />
Trade receivables 8 143,005 110,258 - -<br />
Other receivables 9 19,585 4,379 22 1,347<br />
Due from subsidiaries 10 - - 41,520 -<br />
Tax recoverable 948 1,450 - -<br />
Cash and bank balances 11 11,577 27,610 1,384 23,027<br />
CURRENT LIABILITIES<br />
372,047 289,992 42,926 24,374<br />
Bank overdrafts 12 - 11,992 - -<br />
Borrowings 12 186,720 162,045 - -<br />
Trade payables 14 28,914 14,731 - -<br />
Other payables 15 10,357 7,469 1,448 670<br />
Due to subsidiaries 10 - - - 2,143<br />
Tax payable 6,777 3,424 63 11<br />
232,768 199,661 1,511 2,824<br />
NET CURRENT ASSETS 139,279 90,331 41,415 21,550<br />
FINANCED BY:<br />
293,215 249,081 186,736 161,203<br />
Share capital 16 163,700 118,100 163,700 118,100<br />
Reserves 17 121,206 107,464 23,036 43,103<br />
Shareholders' equity 284,906 225,564 186,736 161,203<br />
NON-CURRENT LIABILITIES<br />
Borrowings 12 - 14,132 - -<br />
Deferred tax liabilities 18 8,309 9,385 - -<br />
8,309 23,517 - -<br />
293,215 249,081 186,736 161,203<br />
The accompanying notes form an integral part of the financial statements.<br />
24 HIAP TECK VENTURE BERHAD