Sky City Limited
1999 Interim Report

Consolidated Statement of Financial Position
as at 31 December 1998

 

31 Dec 1998
(Unaudited)
$'000

31 Dec 1997
(Unaudited)
$'000

30 Jun 1998
(Audited)
$'000

Equity

     

Share capital

166,988

186,000

175,499

Retained earnings

(16,386)

8,359

(22,604)

TOTAL EQUITY

150,602

194,359

152,895

       

Current Assets

     

Cash and bank

20,890

20,329

11,749

Receivables and prepayments

3,854

3,200

3,025

Inventories

1,781

1,845

1,709

Income tax

3,412

-

7,122

Total Current Assets

29,937

25,374

23,605

       

Non-Current Assets

     

Property, plant and equipment

481,524

489,040

482,715

Pre-opening expenditure

-

26,291

-

Total Non-Current Assets

481,524

515,331

482,715

TOTAL ASSETS

511,461

540,705

506,320

       

Current Liabilities

     

Creditors and accruals

30,399

29,488

46,269

Income tax payable

-

1,300

-

Provision for dividend

16,362

12,000

16,663

Short-term borrowings

36

10,036

36

Total Current Liabilities

46,797

52,824

62,968

       

Non-Current Liabilities

     

Deferred tax

15,036

18,461

13,413

Borrowings

299,026

275,061

277,044

Total Non-Current Liabilities

314,062

293,522

290,457

TOTAL LIABILITIES

360,859

346,346

353,425

TOTAL NET ASSETS

150,602

194,359

152,895


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