82
COSCO Corporation (Singapore) Limited
Annual Report 2015
BALANCE
SHEETS
As at 31 December 2015
Financial Statements
The accompanying notes form an integral part of these financial statements.
The Group
The Company
Note
2015
$’000
2014
$’000
2015
$’000
2014
$’000
ASSETS
Current assets
Cash and cash equivalents
11
1,570,852
1,560,803
36,301
46,434
Trade and other receivables
12
5,202,201
4,563,805
45,422
31,141
Inventories
13
780,251
1,041,695
–
–
Construction contract work-in-progress
14
199,122
177,515
–
–
Income tax receivables
9,278
7,252
–
–
Other current assets
15
15,537
21,429
115
164
7,777,241
7,372,499
81,838
77,739
Non-current assets
Trade and other receivables
16
–
4,377
–
–
Available-for-sale financial assets
17
4,890
4,841
–
–
Club memberships
18
311
303
82
82
Investments in associated companies
19
4,854
4,736
–
–
Investments in subsidiaries
20
–
–
372,298
371,644
Investment properties
21
10,579
10,990
–
–
Property, plant and equipment
22
2,307,323
2,267,057
530
647
Intangible assets
23
9,583
9,564
–
–
Deferred expenditure
24
2,980
3,029
–
–
Deferred income tax assets
28
236,932
267,901
–
–
2,577,452
2,572,798
372,910
372,373
Total assets
10,354,693
9,945,297
454,748
450,112
LIABILITIES
Current liabilities
Trade and other payables
25
2,417,472
2,632,163
17,497
17,378
Current income tax liabilities
7,645
53,932
2,279
1,569
Borrowings
26
3,985,918
2,430,304
–
–
Provisions
27
56,500
56,166
–
–
6,467,535
5,172,565
19,776
18,947
Non-current liabilities
Borrowings
26
2,546,887
2,542,390
–
–
Deferred income tax liabilities
28
288
837
–
704
2,547,175
2,543,227
–
704
Total liabilities
9,014,710
7,715,792
19,776
19,651
NET ASSETS
1,339,983
2,229,505
434,972
430,461
EQUITY
Capital and reserves attributable to
equity holders of the Company
Share capital
29
270,608
270,608
270,608
270,608
Statutory and other reserves
30
328,838
284,328
45,105
45,105
Retained earnings
222,586
812,819
119,259
114,748
822,032
1,367,755
434,972
430,461
Non-controlling interests
517,951
861,750
–
–
Total equity
1,339,983
2,229,505
434,972
430,461
