71 / 152
69
A N N U A L R E P O R T
2 0 1 8
Group
Company
Note 31.12.2018 31.12.2017 1.1.2017 31.12.2018 31.12.2017 1.1.2017
$’000 $’000 $’000
$’000 $’000 $’000
Non-current assets
Property, plant and equipment
10 230,341
113,410 16,461
3
6
2
Intangible assets
11
1,551
1,810 2,050
–
–
–
Investment in subsidiaries
12
–
–
–
22,800 22,800 22,800
Investment in associates
13
4,979
–
–
–
–
–
Loan to associate
14
3,406
–
–
–
–
–
Investment securities
15
2,491
2,388 3,317
2,491
2,388 3,317
Deferred tax assets
16
–
17
248
–
–
–
242,768 117,625 22,076
25,294 25,194 26,119
Current assets
Contract assets
5
1,071
61
1,039
–
–
–
Inventories and work-in-
progress
17
1,176
634 85,431
–
–
–
Trade and other receivables
18
23,316
2,731
5,683
19
52 1,089
Prepaid operating expenses
669
112
187
49
12
12
Amounts due from subsidiaries 19
–
–
–
165,769 100,641 93,074
Loan to associate
14
5,862
–
–
–
–
–
Investment securities
15
797
1,068 3,218
797
1,068 3,218
Cash and short-term deposits 20
28,920 86,642 106,956
14,575
79,872 99,157
61,811
91,248 202,514
181,209 181,645 196,550
Less: Current liabilities
Contract liabilities
5
–
104
122
–
–
–
Trade and other payables
21
10,265
5,804 8,044
601
412
1,241
Loans and borrowings
22
8,447
–
–
–
–
–
Amounts due to subsidiaries
19
–
–
–
7,650
5,000 5,653
Income tax payable
146
407
302
–
–
26
18,858
6,315 8,468
8,251
5,412 6,920
Net current assets
42,953 84,933 194,046
172,958 176,233 189,630
Non-current liabilities
Deferred tax liabilities
16
5,545
44
455
–
–
–
Loans and borrowings
22
4,067
–
–
–
–
–
9,612
44
455
–
–
–
Net assets
276,109 202,514 215,667
198,252 201,427 215,749
Equity attributable to
owners of the Company
Share capital
23 108,788 108,788 108,788
108,788 108,788 108,788
Reserves
112,041
93,726 106,879
89,464 92,639 106,961
220,829 202,514 215,667
198,252 201,427 215,749
Non-controlling interests
55,280
–
–
–
–
–
Total equity
276,109 202,514 215,667
198,252 201,427 215,749
Balance
sheets
As at 31 December 2018
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.