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 liabilities
Deferred tax liabilities
25
3
3
8
–
–
Other payables
21
1,227
688
131
–
Loans and borrowings
26
–
36,926
53,468
–
–
1,230
37,617
53,607
–
–
Net assets
205,364
141,912
127,215
100,082
71,245
Equity attributable to owners of the
Company
Share capital
27
58,956
58,956
58,956
58,956
58,956
Capital reserve
28
1,000
1,000
1,000
–
–
Fair value adjustment reserve
29
–
(12)
9
–
–
Accumulated profits
161,647
98,207
83,489
41,126
12,289
Merger deficit
30
(16,239)
(16,239)
(16,239)
–
–
Total equity
205,364
141,912
127,215
100,082
71,245
(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
37
