Page 52

WE LTEC ANNUAL REPORT 2015

STATEMENT OF FINANCIAL POSITION As at 31 December 2015

GROUP

Note

PARENT

2015 Actual

2015 Budget

2014 Actual

2015 Actual

2015 Budget

2014 Actual

$000

$000

$000

$000

$000

$000

Current assets Cash and cash equivalents

25

11,226

6,157

8,938

10,692

5,576

8,267

Receivables

12

5,629

4,967

6,414

5,591

4,943

6,293

Inventory

13

Total current assets

289

20

295

289

20

295

17,144

11,144

15,647

16,572

10,539

14,855

Non current assets Investment in subsidiary

14

-

-

-

-

-

-

Investment in associate and jointly controlled entities

15

723

1,777

577

140

1,340

140

Property, plant and equipment

16

77,021

75,549

73,192

76,994

75,515

73,158

Intangible assets

17

364

735

560

354

717

541

Total non current assets

78,108

78,061

74,329

77,488

77,572

73,839

Total assets

95,252

89,205

89,976

94,060

88,111

88,694

6,526

Current liabilities Payables

18

5,592

5,292

6,991

5,492

5,027

Employee benefit provisions

19

2,688

2,144

2,684

2,664

2,134

2,664

Income in advance

20

8,294

6,745

5,893

7,812

6,266

5,415

16,574

14,181

15,568

15,968

13,427

14,605

171

185

175

171

185

175

Total current liabilities Non current liabilities Employee benefit provisions

21

Other non current liabilities

595

4

295

4

4

4

Total non current liabilities

766

189

470

175

189

179

Total liabilities

17,340

14,370

16,038

16,143

13,616

14,784

Net assets

77,912

74,835

73,938

77,917

74,495

73,910

Equity Crown equity

22

39,332

39,332

39,332

39,332

39,332

39,332

Retained earnings

23

9,105

8,847

7,950

9,110

8,507

7,922

Reserves

24

29,475

26,656

26,656

29,475

26,656

26,656

77,912

74,835

73,938

77,917

74,495

73,910

Total equity

The accompanying notes form part of these financial statements

50

2015 WelTec Annual Report  

2015 WelTec Annual Report

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