Consolidated

Parent Company

1999

1998

1999

1998

Note

$’000

$’000

$’000

$’000

Equity

Share capital

5

167,115

175,499

167,115

175,499

Retained earnings

6

(18,300)

(22,604)

1,076

362

TOTAL EQUITY

148,815

152,895

168,191

175,861

Current Assets

Cash and bank

19,030

11,749

5

27

Receivables and prepayments

7

3,468

3,025

529

174

Inventories

1,602

1,709

-

-

Income tax

4

6,765

7,122

6,765

1,344

Advances to subsidiaries

16

-

-

-

5,977

Total Current Assets

30,865

23,605

7,299

7,522

Non-Current Assets

Property, plant and equipment

8

473,517

482,715

244

366

Investments in subsidiaries and associates

14

1,680

-

187,681

186,000

Total Non-Current Assets

475,197

482,715

187,925

186,366

TOTAL ASSETS

506,062

506,320

195,224

193,888

Current Liabilities

Creditors and accruals

9

27,705

46,269

1,930

1,364

Provision for dividend

6

25,030

16,663

25,030

16,663

Short-term borrowings

10

36

36

-

-

Advances from subsidiaries

16

-

-

73

-

Total Current Liabilities

52,771

62,968

27,033

18,027

Non-Current Liabilities

Deferred tax

4

14,471

13,413

-

-

Borrowings

10

290,005

277,044

-

-

Total Non-Current Liabilities

304,476

290,457

-

-

TOTAL LIABILITIES

357,247

353,425

27,033

18,027

TOTAL NET ASSETS

148,815

152,895

168,191

175,861

  
  J P Hartley, Chairman
  11 August 1999

E W Davies, Managing Director
11 August 1999

The accompanying notes on pages 40 to 56 form part of
and are to be read in conjunction with these financial statements.