Page 37 - 00_See Hup Seng_Cover.indd

SEE HUP SENG LIMITED
Annual Report 2012
35
Balance Sheets
AS AT 31 DECEMBER 2012
Group Company
Note 2012 2011 2012 2011
S$’000 S$’000 S$’000 S$’000
ASSETS
Non-Current Assets
Property, plant and equipment 8 30,854 28,416 13,800 14,591
Subsidiary companies 9 – – 49,628 45,593
Associated companies 10 1,480 – – –
Financial assets, available-for-sale 11 7,624 317 7,612 290
Club membership 12 195 195 – –
Goodwill 13 11,735 9,465 – –
Intangible assets 14 281 – – –
Other receivables and prepayments 18 713 1,147 – –
Loan receivable from an
associated company 19 15,000 – – –
Total Non-Current Assets 67,882 39,540 71,040 60,474
Current Assets
Inventories 15 25,191 24,850 – –
Trade receivables 16 48,882 51,019 7,951 8,158
Amounts due from subsidiaries 17 – – 21,400 8,950
Other receivables and prepayments 18 3,450 3,281 599 513
Cash and cash equivalents 20 34,615 42,389 8,982 8,795
Total Current Assets 112,138 121,539 38,932 26,416
Total Assets 180,020 161,079 109,972 86,890
LIABILITIES AND EQUITY
Current Liabilities
Trade payables and accruals 21 21,157 17,479 1,431 1,556
Other payables 22 3,759 1,072 1,406 557
Amounts due to subsidiaries 17 – – 23,837 7,530
Term loans 23 586 1,652 – –
Other amounts due to bankers 24 62,555 57,812 – –
Finance leases 25 349 244 – –
Provision for taxation 2,728 2,466 423 57
Total Current Liabilities 91,134 80,725 27,097 9,700
Non-Current Liabilities
Term loans 23 – 829 – –
Finance leases 25 483 312 – –
Deferred income tax 26 1,259 1,248 545 545
Total Non-Current Liabilities 1,742 2,389 545 545
Total Liabilities 92,876 83,114 27,642 10,245
The accompanying notes form an integral part of the financial statements.