Group
Company
Note
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Non-current assets
Property, plant and equipment
4
3,703
3,336
661
899
Intangible assets
5
12,964
14,046
168
110
Subsidiaries
6
–
–
37,559
37,124
Joint venture
7
–
–
–
–
Deferred tax assets
8
1,022
730
–
–
Trade and other receivables
11
6,669
6,237
–
–
Total non-current assets
24,358
24,349
38,388
38,133
Current assets
Inventories
9
25,221
13,119
20,983
5,483
Work-in-progress
10
26,109
19,629
–
–
Trade and other receivables
11
73,599
91,658
24,923
45,109
Cash and cash equivalents
16
44,584
37,986
14,371
11,901
Total current assets
169,513
162,392
60,277
62,493
Total assets
193,871
186,741
98,665
100,626
Equity
Share capital
17
21,987
21,987
21,987
21,987
Reserves
18
8,368
9,346
13,393
13,512
Accumulated profits
43,799
40,775
15,319
12,913
Total equity attributable to equity holders
of the Company
74,154
72,108
50,699
48,412
Non-controlling interests
11
169
–
–
Total equity
74,165
72,277
50,699
48,412
Non-current liabilities
Deferred tax liabilities
8
187
366
41
22
Loans and borrowings
21
4,987
–
4,987
–
Trade and other payables
20
4,912
2,734
–
–
Total non-current liabilities
10,086
3,100
5,028
22
Current liabilities
Trade and other payables
20
89,299
85,598
37,738
41,938
Excess of progress billings over
work-in-progress
10
62
303
–
–
Loans and borrowings
21
14,473
19,968
5,000
10,000
Current tax payable
849
396
197
229
Provision for warranties
22
209
229
3
25
Deferred revenue
24
4,728
4,870
–
–
Total current liabilities
109,620
111,364
42,938
52,192
Total liabilities
119,706
114,464
47,966
52,214
Total equity and liabilities
193,871
186,741
98,665
100,626
The accompanying notes form an integral part of these financial statements.
55
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
STATEMENTS OF
FINANCIAL POSITION
AS AT 31 DECEMBER 2015
