Notes forming part of the financial statements (continued)
2007 2006
$’000 $’000
Note 37. Deed of cross guarantee continued
Consolidated balance sheet
Current assets
Cash and cash equivalents 21,745 14,440
Trade and other receivables 47,105 48,919
Inventories 69,809 75,061
Current tax assets – 2,830
Derivative financial instruments 3 –
Total current assets 138,662 141,250
Non-current assets
Other financial assets 2,474 2,474
Property, plant and equipment 82,289 84,261
Intangible assets 16,271 16,271
Deferred tax assets 8,986 9,828
Retirement benefit asset 3,023 1,131
Amounts owing by controlled entities outside the closed group 5,729 23,037
Total non-current assets 118,772 137,002
Total assets 257,434 278,252
Current liabilities
Payables 44,905 48,495
Interest-bearing liabilities – 40,500
Provisions 8,655 9,204
Current tax liabilities 2,255 –
Other 33 –
Total current liabilities 55,848 98,199
Non-current liabilities
Interest-bearing liabilities 45,000 –
Other loans 4 4
Deferred tax liabilities 7,026 5,531
Provisions 9,182 8,605
Amounts owing to controlled entities outside the closed group 8,202 7,268
Other 60 100
Total non-current liabilities 69,474 21,508
Total liabilities 125,322 119,707
Net assets 132,112 158,545
Equity
Contributed Equity 148,040 150,311
Reserves 350 208
Retained profits (16,278) 8,026
Total Equity 132,112 158,545
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