Download File - TCL Group
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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