Annual Report 2010 - Leeden Limited

Balance Sheetsas at 31 December 2010Leeden Limited Annual Report 2010GroupCompanyNote 2010 2009 2010 2009$’000 $’000 $’000 $’000Non-current assetsProperty, plant and equipment 10 68,051 59,217 462 555Subsidiary companies 11 – – 57,624 58,073Associated companies 12 10,085 8,803 – –Joint venture company 13 65 – – –Other investments 14 404 267 – –Intangible assets 15 5,030 5,179 – –Goodwill 16 176 176 – –83,811 73,642 58,086 58,628Current assetsDevelopment property 17 2,361 9,316 – –Amounts due from subsidiary companies 18 – – 3,755 7,835Amounts due from related parties 19 1,124 1,409 308 170Stocks 20 43,038 38,708 3,231 3,418Trade debtors 21 46,872 52,687 4,400 2,918Other debtors 22 6,771 1,298 97 158Prepayments 2,246 2,410 85 63Fixed deposits 24 325 308 – –Cash and bank balances 24 21,368 20,533 6,892 4,686124,105 126,669 18,768 19,248Current liabilitiesAmounts due to bankers 25 47,324 51,450 11,255 14,629Trade creditors 13,713 15,928 4,241 2,237Other creditors and accruals 26 8,990 7,951 1,485 1,453Hire purchase creditors 27 1,271 1,593 41 59Amounts due to related parties 19 3,682 2,380 – –Provision for taxation 1,566 740 14 1Derivatives 23 208 167 – –76,754 80,209 17,036 18,379Net current assets 47,351 46,460 1,732 869Non-current liabilitiesLong-term loans 28 13,594 11,254 2,922 5,999Hire purchase creditors 27 2,053 1,788 65 127Amounts due to a related party 29 – 967 – –Deferred tax liabilities 30 7,836 8,321 5 5(23,483) (22,330) (2,992) (6,131)Net assets 107,679 97,772 56,826 53,366Equity attributable to owners of the parentShare capital 31 53,979 53,822 53,979 53,822Treasury shares 31 (2,022) (2,022) (2,022) (2,022)Asset revaluation reserve 32 2,070 2,070 – –Capital reserve 32 890 857 297 264Employee share option reserve 32 2,213 1,782 2,213 1,782Accumulated profit/(losses) 19,782 15,471 2,359 (480)Foreign currency translation reserve 32 (1,376) (1,684) – –75,536 70,296 56,826 53,366Non-controlling interests 32,143 27,476 – –Total equity 107,679 97,772 56,826 53,366The accompanying accounting policies and explanatory notes form an integral part of the financial statements.39