inter roller fa final

Balance SheetsThe GroupThe Company31 December 31 December 31 December 31 December2004 2003 2004 2003Note $ $ $ $SHARE CAPITAL 4 15,309,591 14,867,191 15,309,591 14,867,191RETAINED PROFITS 9,155,207 5,131,751 6,989,755 5,277,445OTHER RESERVES 5 12,831,128 12,688,338 12,542,805 12,809,448Share capital and reserves 37,295,926 32,687,280 34,842,151 32,954,084LiabilitiesNon-CurrentDeferred taxation 6 19,353 158,554 19,353 158,554Hire-purchase creditors 7 73,606 - - -Bank borrowings 8 - 335,175 - -92,959 493,729 19,353 158,554CurrentTrade payables 9 17,301,928 13,058,586 16,517,066 12,468,343Other payables 318,569 328,443 60,656 43,423Loans owing to subsidiary companies 10 - - 2,977,709 1,016,606Provision for taxation 1,387,299 1,018,879 1,307,899 959,364Hire-purchase creditors 7 14,260 - - -Bank borrowings 8 11,604,871 335,175 11,282,371 -30,626,927 14,741,083 32,145,701 14,487,736Total equity and liabilities 68,015,812 47,922,092 67,007,205 47,600,374AssetsNon-CurrentProperty, plant and equipment 11 20,749,883 18,498,438 13,004,881 13,916,503Long-term investments 12 71,817 72,203 62,000 62,000Subsidiary companies 10 - - 10,936,508 6,931,014Other receivables 13 41,540 59,820 41,540 59,82020,863,240 18,630,461 24,044,929 20,969,337CurrentInventories 14 1,564,707 1,819,691 1,035,021 1,513,770Contract work-in-progress 15 39,172,102 14,054,725 36,956,279 13,709,046Trade receivables 16 3,713,380 4,949,125 3,713,380 4,927,007Other receivables 13 779,325 490,833 649,389 455,112Short-term investments 17 379,836 1,757,218 - -Cash and cash equivalents 18 1,543,222 6,220,039 608,207 6,026,10247,152,572 29,291,631 42,962,276 26,631,037Total assets 68,015,812 47,922,092 67,007,205 47,600,374The annexed notes form an integral part of and should be read in conjunction with these financial statements.40 inter-roller engineering limited annual report2004