A Time To Build Caribbean Cement Company Limited Annual ...

CARIBBEAN CEMENT COMPANY
AND ITS SUBSIDIARIES
Company Balance Sheet
As at 31 December 2004
(Expressed in Jamaican Dollars)
Notes 2004 2003
$’000 $’000
NET ASSETS
Non-current assets
Property, plant and equipment 11 2,465,040 2,368,440
Investment in subsidiaries 12 103,010 103,010
Due fr
om related company 16 303,531 336,289
Due fr
om subsidiaries 13 767,475
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733,748
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3,639,056 3,541,487
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Inventories 14 878,232 920,882
Receivabl
es and prepayments 15 315,961 124,922
Due fr
om related companies 16 102,838 56,197
Taxation recoverabl
e - 23,494
Cash and cash equivalents 17 95,653
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45,212
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1,392,684
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1,170,707
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Current liabilities
Bank advances 19 77,972 108,212
Payabl
es and accruals 20 509,685 574,188
Due to parent and related companies 21 639,744 788,903
Current portion of long-term
loans 22 10,539 5,806
Taxation payabl
e 138,391 -
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1,376,331 1,477,109
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Working capital surplus (defi
cit) 16,353 (306,402)
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Non-current liabilities
Medium and long-term loans 22 9,315 8,985
Defe
rred tax liabi
lity 7 467,938 405,591
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477,253 414,576
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TOTAL NET ASSETS 3,178,156 2,820,509
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CARIBBEAN CEMENT COMPANY
AND ITS SUBSIDIARIES
Company Balance Sheet
As at 31 December 2004
(Expressed in Jamaican Dollars)
Notes 2004 2003
$’000 $’000
STOCKHOLDERS’ EQUITY
Capital and reserves
Share capi
tal 24 425,569 425,569
Reserves 2,223,511 1,752,089
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2,649,080 2,177,658
Defe
rred gain 6 529,076 642,851
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COMPANY EQUITY 3,178,156 2,820,509
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The accompanying notes for
orm
an int
n egral part of the
se fi
nancial statements.
On 25 February 2005, the Board of Directors aut
horised these fi
nancial statements for
issue.
………………………………………..Director………………………………………….Director
Brian W. Young
Rol
lin Bertrand
The accompanying notes for
orm
an int
n egral part of the
se fi
nancial statements.
2004 ANNUAL REPORT
34
35
2004 ANNUAL REPORT