STATEMENTS OF FINANCIAL POSITION
As at 30 June 2016
64
ASL Marine Holdings Ltd.
Annual Report 2016
Group
Company
Note
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Non-current assets
Property, plant and equipment
4 603,114 582,872
–
–
Lease prepayments
5
5,647
6,032
–
–
Investment in subsidiaries
6
–
–
70,713
70,663
Investment in joint ventures and associates 7
14,726
18,108
–
–
Intangible assets
8
17,840
18,674
–
–
Finance lease receivable
9
8,759
–
–
–
650,086 625,686
70,713
70,663
Current assets
Inventories
10 238,481 216,876
–
–
Construction work-in-progress
11 108,958
48,542
–
–
Trade and other receivables
12 248,767 238,907 270,294 267,574
Finance lease receivable
9
650
–
–
–
Derivative financial instruments
13
313
542
–
–
Cash and bank balances
14
24,710
77,919
290
1,190
621,879 582,786 270,584 268,764
Assets classified as held for sale
15
3,708
–
–
–
625,587 582,786 270,584 268,764
Current liabilities
Trade and other payables
16 223,371 180,461
90,987
88,456
Provision for warranty
17
54
929
–
–
Progress billings in excess of
construction work-in-progress
11
6,862
34,625
–
–
Trust receipts
18
72,196
68,847
–
–
Interest-bearing loans and borrowings
19 290,724 150,431 100,000
–
Derivative financial instruments
13
897
873
–
–
Income tax payables
2,810
2,390
–
3
Bank overdrafts
20
–
1,130
–
–
596,914 439,686 190,987
88,459
Net current assets
28,673 143,100
79,597 180,305
