- TTI Annual Report 2011 - http://www.ttigroup.com/onlinereport/ar2011 -

Consolidated Statement of Financial Position

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

As at December 31, 2011

Notes
2011
2010
US$’000 US$’000
ASSETS  
Non-current assets
Property, plant and equipment
17 360,082 339,437
Lease prepayments
18 36,432 35,475
Goodwill
19 530,856 529,884
Intangible assets
20 371,275 353,431
Interests in associates
23 20,165 24,062
Available-for-sale investments
24 1,269 1,267
Deferred tax assets
47 73,633 68,527
    1,393,712 1,352,083
Current assets  
Inventories
25 704,419 644,510
Trade and other receivables
26 673,457 617,988
Deposits and prepayments
72,897 66,915
Bills receivable
27 35,760 38,875
Tax recoverable
12,361 10,995
Trade receivables from associates
29 205 38
Derivative financial instruments
30 8,867 10,883
Held-for-trading investments
31 8,288 10,732
Bank balances, deposits and cash
32 459,650 512,893
    1,975,904 1,913,829
Current liabilities  
Trade and other payables
33 618,863 483,265
Bills payable
34 42,991 55,207
Warranty provision
35 44,748 47,702
Trade payable to an associate
36 4,037 4,127
Tax payable
10,937 7,578
Derivative financial instruments
30 9,002 4,949
Restructuring provision
37 3,743 22,981
Obligations under finance leases - due within one year
38 1,730 2,963
Discounted bills with recourse
39 518,897 411,095
Unsecured borrowings - due within one year
42 194,025 361,055
Convertible bonds
43 134,001
Bank overdrafts
32 19,972 22,350
    1,602,946 1,423,272
Net current assets   372,958 490,557
Total assets less current liabilities   1,766,670 1,842,640
Capital and Reserves
Share capital
44 20,533 20,598
Reserves
  1,225,043 1,094,161
Equity attributable to Owners of the Company   1,245,576 1,114,759
Non-controlling interests   8,552 14,948
Total equity   1,254,128 1,129,707
Non-current Liabilities
Obligations under finance leases - due after one year
38 4,755 5,714
Unsecured borrowings - due after one year
42 396,877 466,358
Convertible bonds
43 127,225
Retirement benefit obligations
46 82,937 90,694
Deferred tax liabilities
47 27,973 22,942
    512,542 712,933
Total equity and non-current liabilities   1,766,670 1,842,640

The financial statements on pages 52 to 146 were approved and authorised for issue by the Board of Directors on March 22, 2012 and are signed on its behalf by:

 

Chi Chung Chan Stephan Horst Pudwill
Group Executive Director Group Executive Director

Article printed from TTI Annual Report 2011: http://www.ttigroup.com/onlinereport/ar2011

URL to article: http://www.ttigroup.com/onlinereport/ar2011/financials/consolidated-statement-of-financial-position

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