KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
54
STATEMENTS
OF FINANCIAL POSITION
As at 31 December 2014
The accompanying notes form an integral part of these financial statements.
Group
Company
Note 2014
2013
2014
2013
$’000
$’000
$’000
$’000
Assets
Property, plant and equipment
4
63,206
57,779
4
–
Club memberships
5
89
44
–
–
Subsidiaries
6
–
–
36,133
36,133
Non-current assets
63,295
57,823
36,137
36,133
Inventories
7
2,232
691
–
–
Trade and other receivables
8
14,625
28,187
15,716
4,242
Cash and cash equivalents
9
49,894
3,504
32,168
–
Non-current asset held for sale
10
–
1,792
–
–
Current assets
66,751
34,174
47,884
4,242
Total assets
130,046
91,997
84,021
40,375
Equity
Share capital
11
74,409
36,133
74,409
36,133
Reserves
12 (32,740)
(32,949)
–
–
Accumulated profits
56,383
54,316
9,016
4,000
Equity attributable to owners
of the Company
98,052
57,500
83,425
40,133
Liabilities
Loans and borrowings
13
4,730
3,991
–
–
Deferred tax liabilities
14
5,843
5,872
–
–
Non-current liabilities
10,573
9,863
–
–
Loans and borrowings
13
3,397
4,192
–
–
Trade and other payables
15 17,814
17,149
484
242
Current tax payable
210
3,293
112
–
Current liabilities
21,421
24,634
596
242
Total liabilities
31,994
34,497
596
242
Total equity and liabilities
130,046
91,997
84,021
40,375
