Balance Sheets
As at 31 December 2014
Group
Company
Note
2014
31 December
2013
1 January
2013
2014
2013
(Restated)
(Restated)
S$’000
S$’000
S$’000
S$’000
S$’000
Non-current assets
Property, plant and equipment
9
7,893
7,253
7,388
–
–
Investment properties
10
4,350
8,650
11,430
–
–
Investment in joint ventures
13
30
107
509
–
–
Investments in subsidiary companies
11
–
–
–
37,814
36,814
Investment securities
14
25,061
17,547
19,084
–
–
Deferred tax assets
25
6,978
279
273
–
–
44,312
33,836
38,684
37,814
36,814
Current assets
Contract work-in-progress
15
4,644
4,297
5,241
–
–
Development properties
16
73,520
157,874
115,144
–
–
Trade receivables
17
45,029
18,065
16,369
–
–
Other receivables
18
909
366
260
41,108
10,219
Amounts due from joint venture
partners
22
87
764
294
–
–
Amounts due from a joint venture
23
53,230
51,544
40,440
Prepayments and deposits
19
9,580
2,163
739
–
–
Investment securities
14
2,710
6,497
3,856
–
–
Cash and short term deposits
20
165,538
102,778
111,561
25,491
24,824
355,247
344,348
293,904
66,599
35,043
Current liabilities
Trade and other payables
21
61,318
54,856
58,363
4,319
593
Loans and borrowings
26
4,992
–
–
–
–
Amounts due to joint venture partners 22
109
680
152
–
–
Advance payment received for a
construction project
8,318
–
–
–
–
Progress billings in excess of work-in-
progress
15
3,670
58,270
63,241
–
–
Progress billings to customers for
development projects
46,986
71,858
16,308
–
Provisions
24
45,376
6,968
8,603
–
–
Provision for taxation
22,196
6,023
5,099
12
19
192,965
198,655
151,766
4,331
612
Net current assets
162,282
145,693
142,138
62,268
34,431
(Amounts in Singapore dollars)
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Hock Lian Seng Holdings Limited
Annual report 2014
36
