Financial Statements - Mewah Group
Financial Statements - Mewah Group
Financial Statements - Mewah Group
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Building Capabilities<br />
Notes to the <strong>Financial</strong> <strong>Statements</strong><br />
For the financial year ended 31 December 2011<br />
36. Comparative figures<br />
(a)<br />
During the financial year, the statement of financial position has been changed from the previous year due to the<br />
finalisation of the purchase price allocation to goodwill, other assets and liabilities associated with the acquisition of Molly<br />
Foods (see Note 35).<br />
The changes in the comparative statement of financial position were as follows:<br />
Assets/(Liabilities)<br />
<strong>Group</strong><br />
As previously<br />
stated Adjustments Restated<br />
2010 2010 2010<br />
US$’000 US$’000 US$’000<br />
Inventories 243,959 (1,178) 242,781<br />
Other receivables 26,699 221 26,920<br />
Goodwill 5,205 641 5,846<br />
Trade payables (252,785) (537) (253,322)<br />
Other payables (49,895) 87 (49,808)<br />
Tax payables (13,534) 197 (13,337)<br />
Borrowings (307,774) (23) (307,797)<br />
Equity<br />
Non-controlling interests (1,464) 592 (872)<br />
(b)<br />
During the financial year, the cost of sales and selling and distribution expenses in the consolidated income statement<br />
have been reclassified for better comparability with current year’s consolidated income statement.<br />
The reclassifications in the comparative consolidated income statement were as follows:<br />
Consolidated Income Statement<br />
<strong>Group</strong><br />
As previously<br />
stated Reclassification As adjusted<br />
2010 2010 2010<br />
US$’000 US$’000 US$’000<br />
Cost of sales (3,272,973) 6,152 (3,266,821)<br />
Selling and distribution expenses (89,906) (6,152) (96,058)<br />
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