Annual Report 2011 - Watercare

Watercare Services Limited
2011 ANNUAL REPORT
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2011
group and Company Company
2011 2010
Notes $000 $000
ASSETS
Current
Cash and cash equivalents 32 -
Short-term deposits - 10,000
Trade and other receivables Note 16, page 93 79,508 19,047
Prepaid expenses 3,401 3,306
Inventories Note 15, page 93 4,092 2,267
Derivative financial instruments Note 21, page 97 553 162
total current assets 87,586 34,782
Non-current
Inventories Note 15, page 93 3,040 3,237
Derivative financial instruments Note 21, page 97 12,285 5,284
Intangible assets Note 14, page 91 30,229 14,374
Property, plant and equipment Note 13, page 89 7,688,196 2,413,113
total non-current assets 7,733,750 2,436,008
Total assets 7,821,336 2,470,790
EQUITY & LIABILITIES
Current
Bank overdraft 558 446
Trade and other payables Note 17, page 93 16,157 8,299
Accrued expenses Note 18, page 94 67,927 33,017
Provisions Note 19, page 94 4,796 6,264
Borrowings Note 20, page 95 241,295 109,225
Derivative financial instruments Note 21, page 97 3,174 1,026
total current liabilities 333,907 158,277
Non-current
Accrued expenses Note 18, page 94 9,100 -
Provisions Note 19, page 94 1,392 1,053
Borrowings Note 20, page 95 987,604 416,500
Derivative financial instruments Note 21, page 97 59,110 40,298
Deferred tax liability Note 9, page 85 848,828 402,049
total non-current liabilities 1,906,034 859,900
Total liabilities 2,239,941 1,018,177
EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT
retained earnings 111,972 120,265
Revaluation reserves Note 12, page 88 1,429,619 1,071,655
Capital reserve Note 11, page 86 3,779,111 -
Issued capital Note 10, page 85 260,693 260,693
Total equity 5,581,395 1,452,613
Total equity and liabilities 7,821,336 2,470,790
The financial statements should be read in conjunction with the accounting policies and notes on pages 74 to 105.
PAGE 69
2011 Financial Report
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