- TTI Annual Report 2010 - http://www.ttigroup.com/onlinereport/ar2010 -

Consolidated Statement of Financial Position

Posted By admin On March 29, 2011 @ 8:54 am In | Comments Disabled

As at December 31, 2010

Notes 2010 2009 2010 2009
HK$’000 HK$’000 US$’000 US$’000
  (Note 58) (Note 58)
ASSETS  
Non-current assets
Property, plant and equipment
17 2,647,610 2,480,579 339,437 318,023
Lease prepayments
18 276,704 275,578 35,475 35,331
Goodwill
19 4,133,099 4,064,484 529,884 521,088
Intangible assets
20 2,756,765 2,607,035 353,431 334,235
Interests in associates
23 187,683 195,649 24,062 25,083
Available-for-sale investments
24 9,879 22,701 1,267 2,911
Deferred tax assets
47 534,511 575,524 68,527 73,785
    10,546,251 10,221,550 1,352,083 1,310,456
Current assets  
Inventories
25 5,027,177 4,766,222 644,510 611,054
Trade and other receivables
26 4,820,304 4,449,644 617,988 570,467
Deposits and prepayments
521,936 517,382 66,915 66,331
Bills receivable
27 303,222 267,752 38,875 34,327
Tax recoverable
85,760 141,446 10,995 18,134
Trade receivables from associates
29 296 13 38 2
Derivative financial instruments
30 84,886 21,913 10,883 2,809
Held-for-trading investments
31 83,706 75,677 10,732 9,702
Bank balances, deposits and cash
32 4,000,566 3,322,753 512,893 425,994
    14,927,853 13,562,802 1,913,829 1,738,820
Current liabilities  
Trade and other payables
33 3,769,467 3,856,835 483,265 494,466
Bills payable
34 430,617 720,550 55,207 92,378
Warranty provision
35 372,073 385,903 47,702 49,475
Trade payable to an associate
36 32,187 5,307 4,127 680
Tax payable
59,110 75,793 7,578 9,717
Derivative financial instruments
30 38,605 7,158 4,949 918
Restructuring provision
37 179,250 9,020 22,981 1,156
Obligations under finance leases – due within one year
38 23,110 21,119 2,963 2,708
Discounted bills with recourse
39 3,206,539 2,566,158 411,095 328,995
Unsecured borrowings – due within one year
42 2,816,226 3,004,346 361,055 385,172
Bank overdrafts
32 174,330 214,756 22,350 27,533
    11,101,514 10,866,945 1,423,272 1,393,198
Net current assets   3,826,339 2,695,857 490,557 345,622
Total assets less current liabilities   14,372,590 12,917,407 1,842,640 1,656,078
Capital and Reserves
Share capital
44 160,663 159,125 20,598 20,401
Reserves
  8,534,442 7,922,837 1,094,161 1,015,748
Equity attributable to Owners of the Company
  8,695,105 8,081,962 1,114,759 1,036,149
Non-controlling interests
  116,595 109,808 14,948 14,078
Total equity
  8,811,700 8,191,770 1,129,707 1,050,227
Non-current Liabilities
Obligations under finance leases – due after one year
38 44,573 69,826 5,714 8,952
Unsecured borrowings – due after one year
42 3,637,593 2,596,144 466,358 332,839
Convertible bonds
43 992,357 950,202 127,225 121,821
Retirement benefits obligations
46 707,417 737,267 90,694 94,521
Deferred tax liabilities
47 178,950 372,198 22,942 47,718
    5,560,890 4,725,637 712,933 605,851
Total equity and non-current liabilities   14,372,590 12,917,407 1,842,640 1,656,078

The financial statements on pages 50 to 148 were approved and authorised for issue by the Board of Directors on March 24, 2011 and are signed on its behalf by:

 

 

Chi Chung Chan Prof Roy Chi Ping Chung JP
Group Executive Director Vice Chairman

Article printed from TTI Annual Report 2010: http://www.ttigroup.com/onlinereport/ar2010

URL to article: http://www.ttigroup.com/onlinereport/ar2010/financials/consolidated-statement-of-financial-position

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