Page 84 - ar2013.pdf

BALANCE SHEETS
As at 31 December 2013
The accompanying notes form an integral part of these financial statements.
82
COSCO Corporation (Singapore) Limited
F i nanc i a l Statement s
The Group The Company
Note 2013
$’000
2012
$’000
2013
$’000
2012
$’000
ASSETS
Current assets
Cash and cash equivalents 11 2,028,397 1,692,836 54,408 83,905
Forward currency contracts 12 770 – – –
Trade and other receivables 13 2,911,828 2,738,701 31,758 16,877
Inventories 14 1,046,764 352,183 – –
Construction contract work-in-progress 15 208,366 93,009 – –
Other current assets 16 15,235 11,865 176 191
6,211,360 4,888,594 86,342 100,973
Non-current assets
Trade and other receivables 17 36,874 44,344 – –
Available-for-sale financial assets 18 4,391 4,244 – –
Club memberships 19 303 310 88 99
Investments in associated companies 20 4,826 4,235 – –
Investments in subsidiaries 21 – – 370,988 370,269
Investment properties 22 11,293 11,730 – –
Property, plant and equipment 23 2,227,868 2,225,689 768 905
Intangible assets 24 9,539 9,477 – –
Deferred expenditure 25 3,066 3,020 – –
Deferred income tax assets 29 225,212 201,914 – –
2,523,372 2,504,963 371,844 371,273
Total assets 8,734,732 7,393,557 458,186 472,246
LIABILITIES
Current liabilities
Trade and other payables 26 2,695,911 2,244,367 18,149 17,886
Current income tax liabilities 9(b) 25,288 10,383 1,531 896
Borrowings 27 1,926,065 1,467,910 – –
Provisions for other liabilities 28 55,396 55,719 – –
4,702,660 3,778,379 19,680 18,782
Non-current liabilities
Borrowings 27 1,856,463 1,558,541 – –
Deferred income tax liabilities 29 528 7,432 398 7,302
1,856,991 1,565,973 398 7,302
Total liabilities 6,559,651 5,344,352 20,078 26,084
NET ASSETS 2,175,081 2,049,205 438,108 446,162
EQUITY
Capital and reserves attributable to
equity holders of the Company
Share capital 30 270,608 270,608 270,608 270,608
Statutory and other reserves 31 245,139 152,927 45,105 45,105
Retained earnings 820,027 857,971 122,395 130,449
1,335,774 1,281,506 438,108 446,162
Non-controlling interests 839,307 767,699 – –
Total equity 2,175,081 2,049,205 438,108 446,162