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CONSOLIDATED STATEMENT OF FINANCIAL POSITION<br />

AS AT 31 DECEMBER 2010<br />

(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)<br />

31 December<br />

Notes 2010 2009<br />

$ $<br />

Non–current assets<br />

Property, plant and equipment 7 39,859 46,419<br />

Goodwill 8 1,764 1,764<br />

Employee benefits asset 15 2,446 1,828<br />

Deferred tax assets 16 (b) 1,100 959<br />

45,169 50,970<br />

Current assets<br />

Inventories 9 47,412 42,867<br />

Receivables and prepayments 10 66,889 75,400<br />

Cash and cash equivalents 11 643 4,313<br />

114,944 122,580<br />

Assets classified as held for sale 25 3,178 –<br />

118,122 122,580<br />

Current liabilities<br />

Bank overdraft and advances 12 18,148 3,259<br />

Payables and accruals 13 29,104 46,974<br />

Current portion of borrowings 14 3,095 3,846<br />

50,347 54,079<br />

Liabilities associated with assets classified<br />

as held for sale 25 4,207 –<br />

Net current assets 63,568 68,501<br />

Non–current liabilities<br />

Borrowings 14 4,950 8,004<br />

Deferred tax liabilities 16 (b) 6,077 5,982<br />

11,027 13,986<br />

Total net assets 97,710 105,485<br />

Equity attributable to the parent<br />

Stated capital 17 12,000 12,000<br />

Retained earnings 84,428 91,876<br />

96,428 103,876<br />

Non-controlling interests 1,282 1,609<br />

Total equity 97,710 105,485<br />

The accompanying notes form an integral part of these financial statements.<br />

On 17 May 2011 the Board of Directors of Readymix (West Indies) Limited authorised these financial statements for<br />

issue and were signed on their behalf by:<br />

______________________ Director<br />

______________________ Director<br />

10<br />

BUILD TO LAST FOR GENERATIONS

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