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

Statement of Financial Position

Posted By admin On March 29, 2011 @ 8:56 am In | Comments Disabled

As at December 31, 2010

Notes 2010 2009
    HK$’000 HK$’000
ASSETS 　 　
Non-current assets
Property, plant and equipment
 17 57,734 73,605
Lease prepayments
 18 — —
Intangible assets
 20 204,273 315,920
Investments in subsidiaries
 22 2,868,121 2,731,772
Loans to subsidiaries
 22 2,479,954 1,915,004
Interests in associates
 23 192,693 199,275
Available-for-sale investments
 24 1,695 1,695
5,804,470 5,237,271
Current assets
Inventories
 25 36,460 34,576
Trade and other receivables
 26 69,913 95,960
Deposits and prepayments
 105,605 245,700
Bills receivable
 27 82,840 60,693
Amounts due from subsidiaries
 28 8,487,167 8,176,719
Derivative financial instruments
 30 46,711 13,898
Held-for-trading investments
 31 83,427 75,677
Bank balances, deposits and cash
 32 1,341,014 977,356
10,253,137 9,680,579
Current liabilities
Trade and other payables
 33 366,735 350,139
Bills payable
 34 335,356 546,635
Warranty provision
 35 19,061 86,923
Derivative financial instruments
 30 35,563 —
Amounts due to subsidiaries
 28 1,186,742 2,929,946
Trade payable to an associate
 36 32,187 5,307
Tax payable
 4,077 4,926
Obligations under finance leases – due within one year
 38 308 548
Discounted bills with recourse
 39 2,526,881 1,514,007
Unsecured borrowings – due within one year
 42 1,675,563 1,600,121
6,182,473 7,038,552
Net current assets  4,070,664 2,642,027
Total assets less current liabilities 9,875,134 7,879,298
Capital and Reserves
Share capital
 44 160,663 159,125
Reserves
 45 6,380,015 6,613,898
6,540,678 6,773,023
Non-current Liabilities
Obligations under finance leases – due after one year
 38 — 424
Unsecured borrowings – due after one year
 42 2,320,306 116,400
Convertible bonds
 43 992,357 950,202
Deferred tax liabilities
 47 21,793 39,249
3,334,456 1,106,275
Total equity and non-current liabilities 9,875,134 7,879,298
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/statement-of-financial-position

Copyright © 2011 Techtronic Industries Co. Ltd.