Powering growth - Aztech Group Ltd - Investor Relations
Powering growth - Aztech Group Ltd - Investor Relations Powering growth - Aztech Group Ltd - Investor Relations
42a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t sINDEPENDENT AUDITORS’ REPORT TO THEMEMBERS OF AZTECH GROUP LTDOpinionIn our opinion,(a)(b)the consolidated financial statements of the Group and the statement of financial position and statement of changes in equity of the Company areproperly drawn up in accordance with the provisions of the Act and Singapore Financial Reporting Standards so as to give a true and fair view ofthe state of affairs of the Group and of the Company as at December 31, 2009 and of the results, changes in equity and cash flows of the Groupand changes in equity of the Company for the year ended on that date; andthe accounting and other records required by the Act to be kept by the Company and by those subsidiaries incorporated in Singapore of whichwe are the auditors have been properly kept in accordance with the provisions of the Act.Deloitte & Touche LLPPublic Accountants andCertified Public AccountantsSingaporeMarch 15, 2010
F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 943STATEMENTS OF FINANCIAL POSITIONDecember 31, 2009GROUPCOMPANYNote 2009 2008 2009 2008$’000 $’000 $’000 $’000ASSETSCurrent assetsCash and bank balances 7 36,112 37,649 12,319 16,672Trade receivables 8 27,277 36,132 101 5,744Other receivables and prepayments 9 6,242 2,123 42,538 26,132Tax recoverable 1,066 - 579 -Derivative financial instruments 10 - 205 - -Inventories 11 26,724 33,713 - -Total current assets 97,421 109,822 55,537 48,548Non-current assetsOther receivables and prepayments 9 2,691 8,822 - -Investment in subsidiaries 12 - - 83,536 58,129Property, plant and equipment 13 77,747 62,193 269 743Investment properties 14 12,323 12,656 - -Available-for-sale financial assets 15 555 556 516 516Deferred tax assets 16 191 1,165 16 572Intangible asset 17 4,214 4,984 - 5,269Total non-current assets 97,721 90,376 84,337 65,229Total assets 195,142 200,198 139,874 113,777
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42a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t sINDEPENDENT AUDITORS’ REPORT TO THEMEMBERS OF AZTECH GROUP LTDOpinionIn our opinion,(a)(b)the consolidated financial statements of the <strong>Group</strong> and the statement of financial position and statement of changes in equity of the Company areproperly drawn up in accordance with the provisions of the Act and Singapore Financial Reporting Standards so as to give a true and fair view ofthe state of affairs of the <strong>Group</strong> and of the Company as at December 31, 2009 and of the results, changes in equity and cash flows of the <strong>Group</strong>and changes in equity of the Company for the year ended on that date; andthe accounting and other records required by the Act to be kept by the Company and by those subsidiaries incorporated in Singapore of whichwe are the auditors have been properly kept in accordance with the provisions of the Act.Deloitte & Touche LLPPublic Accountants andCertified Public AccountantsSingaporeMarch 15, 2010
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