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ACHIEVING THE RIGHT BALANCE COSMOSTEEL ANNUAL REPORT 2013 53
Group Company
Note 2013 2012 2013 2012
$’000 $’000 $’000 $’000
ASSETS
Non-Current Assets
Property, Plant and Equipment 13 20,502 19,128 – –
Investments in Subsidiaries 14 – – 46,107 46,107
Available-For-Sale Financial Assets 15 130 136 – –
Total Non-Current Assets 20,632 19,264 46,107 46,107
Current Assets
Inventories 16 119,819 110,049 – –
Trade and Other Receivables 17 29,503 25,625 4,466 5,031
Financial Assets at Fair Value
Through Profit or Loss 18 1,492 1,433 – –
Other Assets 19 486 422 48 38
Cash and Cash Equivalents 20 20,444 20,076 686 1,105
Total Current Assets 171,744 157,605 5,200 6,174
Total Assets 192,376 176,869 51,307 52,281
EQUITY AND LIABILITIES
Equity
Share Capital 21 42,062 42,062 42,062 42,062
Retained Earnings 47,000 43,381 8,063 7,927
Other Reserves 22 10,302 8,004 – –
Total Equity 99,364 93,447 50,125 49,989
Non-Current Liabilities
Deferred Tax Liabilities 10 2,735 2,287 – –
Finance Leases 25 – 46 – –
Other Financial Liabilities 24 5,064 1,878 4 19
Total Non-Current Liabilities 7,799 4,211 4 19
Current Liabilities
Income Tax Payable 1,289 2,602 98 118
Trade and Other Payables 23 23,905 17,034 1,064 2,115
Finance Leases 25 46 99 – –
Other Financial Liabilities 24 59,618 57,334 16 40
Other Liabilities 26 355 2,142 – –
Total Current Liabilities 85,213 79,211 1,178 2,273
Total Liabilities 93,012 83,422 1,182 2,292
Total Equity and Liabilities 192,376 176,869 51,307 52,281
The accompanying notes form an integral part of these financial statements.
statements
of f inanc i al pos i t i on
As at 30 September 2013