Annual Report (Complete) - MYCRON Steel Berhad
Annual Report (Complete) - MYCRON Steel Berhad
Annual Report (Complete) - MYCRON Steel Berhad
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Balance Sheets as at 30 June 2010<br />
Group<br />
Company<br />
Note<br />
2010<br />
2009<br />
2010<br />
2009<br />
RM<br />
RM<br />
RM<br />
RM<br />
NON-CURRENT ASSETS<br />
Property, plant and equipment<br />
13<br />
286,127,721<br />
292,465,657<br />
5,744,780<br />
5,940,143<br />
Subsidiaries<br />
14<br />
-<br />
-<br />
165,089,209<br />
165,089,209<br />
Associate<br />
15<br />
9,147,117<br />
13,185,735<br />
9,104,007<br />
13,045,000<br />
Available-for-sale financial assets<br />
16<br />
317,602<br />
934,528<br />
317,602<br />
934,528<br />
Deferred tax assets<br />
17<br />
-<br />
3,922,352<br />
-<br />
-<br />
295,592,440<br />
310,508,272<br />
180,255,598<br />
185,008,880<br />
CURRENT ASSETS<br />
Inventories<br />
18<br />
125,022,079<br />
48,465,278<br />
-<br />
-<br />
Trade and other receivables<br />
19<br />
70,556,778<br />
37,175,331<br />
5,000<br />
5,000<br />
Amount owing by holding company<br />
20<br />
568,647<br />
542,141<br />
-<br />
-<br />
Amounts owing by subsidiaries<br />
21<br />
-<br />
-<br />
4,725,010<br />
4,834,241<br />
Amount owing by an associate<br />
22<br />
-<br />
248,301<br />
-<br />
-<br />
Amounts owing by other related companies<br />
23<br />
35,167,187<br />
15,576,686<br />
-<br />
-<br />
Tax recoverable<br />
246,182<br />
116,770<br />
178,825<br />
116,770<br />
Cash and cash equivalents<br />
24<br />
4,218,446<br />
24,776,062<br />
257,186<br />
308,682<br />
235,779,319<br />
126,900,569<br />
5,166,021<br />
5,264,693<br />
LESS: CURRENT LIABILITIES<br />
Trade and other payables<br />
25<br />
69,794,918<br />
19,029,296<br />
713,351<br />
672,662<br />
Provision for onerous contracts<br />
-<br />
403,406<br />
-<br />
-<br />
Amounts owing to holding company<br />
20<br />
3,018,507<br />
1,805<br />
1,500<br />
-<br />
Amounts owing to other related companies<br />
23<br />
45,170<br />
364,822<br />
-<br />
1,152<br />
Borrowings<br />
26<br />
142,557,604<br />
100,819,736<br />
-<br />
-<br />
215,416,199<br />
120,619,065<br />
714,851<br />
673,814<br />
NET CURRENT ASSETS<br />
20,363,120<br />
6,281,504<br />
4,451,170<br />
4,590,879<br />
LESS: NON-CURRENT LIABILITIES<br />
Deferred tax liabilities<br />
17<br />
2,229,709<br />
5,729<br />
4,479<br />
5,729<br />
Borrowings<br />
26<br />
54,329,951<br />
82,945,131<br />
-<br />
-<br />
56,559,660<br />
82,950,860<br />
4,479<br />
5,729<br />
259,395,900<br />
233,838,916<br />
184,702,289<br />
189,594,030<br />
CAPITAL AND RESERVES ATTRIBUTABLE TO<br />
EQUITY HOLDERS OF THE COMPANY<br />
Share capital<br />
Share premium<br />
Asset revaluation reserve<br />
Treasury shares<br />
Retained earnings/(accumulated losses)<br />
27<br />
28<br />
29<br />
179,000,000<br />
14,918,638<br />
31,336,362<br />
(382,685) 34,523,585<br />
179,000,000<br />
14,918,638<br />
31,678,821<br />
(330,685) 8,572,142<br />
179,000,000<br />
14,918,638<br />
-<br />
(382,685)<br />
(8,833,664) 179,000,000<br />
14,918,638<br />
-<br />
(330,685)<br />
(3,993,923)<br />
TOTAL EQUITY<br />
259,395,900<br />
233,838,916<br />
184,702,289<br />
189,594,030<br />
The notes set out on pages 53 to 79 form an integral part of these financial statements.<br />
pg 48 | Mycron <strong>Steel</strong> <strong>Berhad</strong>
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