View - Singapore Technologies Engineering

BALANCE SHEETSAS AT 31 DECEMBER 2000(Currency - Singapore dollars)GROUPCOMPANY2000 1999 2000 1999NOTE $’000 $’000 $’000 $’000SHARE CAPITAL AND RESERVESShare capital 3 285,569 283,869 285,569 283,869Share premium 4 30,117 13,420 30,117 13,420Merger reserve 5 – 1,538 – –Capital reserve 6 115,948 114,863 – –Foreign currency translation reserve 6,980 8,252 – –Unappropriated profit 7 473,666 418,543 174,467 101,475912,280 840,485 490,153 398,764Minority interests 23,495 25,144 – –935,775 865,629 490,153 398,764GROUPCOMPANY2000 1999 2000 1999NOTE $’000 $’000 $’000 $’000NON-CURRENT LIABILITIESDeferred income 27 8,061 2,778 – –Deferred taxation 28 8,372 3,371 – –Provision for staff retirement benefits 323 307 – –Floating rate bonds (unsecured) 29 19,072 18,775 – –Lease obligations, non-current 24 16,965 17,093 – –Long-term bank loan, non-current 25 6,950 13,388 – –935,775 865,629 490,153 398,764Represented by:FIXED ASSETS 8 348,933 315,614 44 43SUBSIDIARIES 9 – – 265,852 280,763ASSOCIATED COMPANIES AND JOINT VENTURES 10 153,475 169,395 – –LONG-TERM INVESTMENTS 11 645,015 438,201 210,750 75,000LOANS RECEIVABLE, NON-CURRENT 12 8,683 15,700 14 73CURRENT ASSETSStocks and work-in-progress 13 491,536 341,712 – –Debtors, deposits and prepayments 14 1,408,740 671,131 112,041 93,731Loans receivable, current 12 6,275 3,969 15 29Short-term investments 15 25,206 3,465 – –Amounts under fund management 16 545,468 546,242 – –Bank and other liquid funds 17 819,293 901,423 132,648 158,5903,296,518 2,467,942 244,704 252,350CURRENT LIABILITIESCreditors and accruals 22 2,696,919 1,898,188 14,940 11,501Provisions 23 276,045 206,833 – –Progress billings in excess of work-in-progress 13 71,598 50,016 – –Provision for taxation 182,753 119,525 3,234 2,605Short-term bank loans (unsecured) 7,325 8,009 – –Lease obligations, current 24 990 887 – –Long-term bank loan, current 25 6,950 6,694 – –Proposed dividends 213,037 195,359 213,037 195,359Bank overdrafts (unsecured) 1,489 – – –3,457,106 2,485,511 231,211 209,465NET CURRENT ASSETS (LIABILITIES) (160,588) (17,569) 13,493 42,885The accompanying notes are an integral part of the financial statements.118 • visionbalance sheets • 119