Page 31 - ar2012.pdf

29 '"3 &"45 (3061 -*.*5&% t "//6"- 3&1035
(In Singapore dollars)
Note Group Company
2012 2011 2012 2011
$ $ $ $
Net current assets 11,730,526 12,882,577 5,029,058 6,742,517
Non-current liabilities
Deferred tax liabilities 7 77,814 74,425 – 2,057
Loans from shareholders and directors
(non-current) 18 – 479,116 – 479,116
Finance lease obligations (non-current) 16 20,297 39,787 20,297 39,787
Term loans (non-current) 17 31,692 157,399 31,692 157,399
Total net assets 18,969,327 19,596,321 14,708,561 15,966,359
Share capital and reserves
Share capital 19 13,955,691 13,955,691 13,955,691 13,955,691
Accumulated profits 5,943,208 6,318,182 430,477 1,688,275
Capital reserve 322,393 322,393 322,393 322,393
Translation reserve 20 (1,435,627) (1,183,348) – –
18,785,665 19,412,918 14,708,561 15,966,359
Non-controlling interests 183,662 183,403 – –
18,969,327 19,596,321 14,708,561 15,966,359
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Balance Sheets (Cont’d)
As at 31 December 2012