Annual Report 2011 - Mandarin Oriental Hotel Group
Annual Report 2011 - Mandarin Oriental Hotel Group
Annual Report 2011 - Mandarin Oriental Hotel Group
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28 <strong>Mandarin</strong> <strong>Oriental</strong> International Limited<br />
Consolidated Balance Sheet<br />
as at 31st December <strong>2011</strong><br />
<strong>2011</strong> 2010<br />
Note US$m US$m<br />
Net assets<br />
Intangible assets 8 40.1 67.4<br />
Tangible assets 9 1,038.0 985.6<br />
Associates and joint ventures 10 78.4 77.9<br />
Other investments 6.0 4.9<br />
Loans receivable 11 – 4.7<br />
Pension assets 12 12.5 19.3<br />
Deferred tax assets 13 8.5 15.0<br />
Non-current assets 1,183.5 1,174.8<br />
Stocks 5.9 4.4<br />
Debtors and prepayments 14 61.2 59.2<br />
Current tax assets 0.8 0.3<br />
Cash at bank 15 470.1 433.5<br />
Current assets 538.0 497.4<br />
Creditors and accruals 16 (128.2 ) (101.9 )<br />
Current borrowings 17 (4.0 ) (3.3 )<br />
Current tax liabilities (10.9 ) (6.9 )<br />
Current liabilities (143.1 ) (112.1 )<br />
Net current assets 394.9 385.3<br />
Long-term borrowings 17 (578.5 ) (574.5 )<br />
Deferred tax liabilities 13 (64.9 ) (64.1 )<br />
Pension liabilities 12 (0.2 ) (0.1 )<br />
Other non-current liabilities 25 (19.2 ) (17.5 )<br />
915.6 903.9<br />
Total equity<br />
Share capital 20 49.8 49.8<br />
Share premium 21 179.7 178.3<br />
Revenue and other reserves 681.2 671.2<br />
Shareholders’ funds 910.7 899.3<br />
Non-controlling interests 4.9 4.6<br />
Approved by the Board of Directors<br />
A.J.L. Nightingale<br />
Edouard Ettedgui<br />
Directors<br />
1st March 2012<br />
915.6 903.9
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