SKY CITY ENTERTAINMENT GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
As at 30 June 2002
| |
Consolidated
|
Parent Company
|
| |
|
2002
|
2001
|
2002
|
2001
|
| |
Note
|
$000
|
$000
|
$000
|
$000
|
|
|
| Equity |
|
|
|
|
|
| Issued and paid-up capital |
5
|
232,180
|
197,911
|
232,180
|
197,911
|
| Reserves |
7
|
(286)
|
3,872
|
5,044
|
4,095
|
| Retained earnings |
6
|
18,653
|
28,650
|
(10,438)
|
(10,639)
|
| Parent Shareholders Equity |
|
250,547
|
230,433
|
226,786
|
191,367
|
| Minority interests |
8
|
5,321
|
1,642
|
|
|
| TOTAL EQUITY |
|
255,868
|
232,075
|
226,786
|
191,367
|
|
|
| Current Assets |
|
|
|
|
|
| Cash and bank |
|
48,456
|
42,684
|
1
|
1
|
| Receivables and prepayments |
10
|
19,970
|
46,149
|
171,872
|
140,100
|
| Inventories finished goods |
|
3,066
|
3,296
|
|
|
| Properties intended for sale |
11
|
|
66,550
|
|
|
| Total Current Assets |
|
71,492
|
158,679
|
171,873
|
140,101
|
|
|
| Non-Current Assets |
|
|
|
|
|
| Property, plant and equipment |
12
|
596,037
|
524,022
|
152
|
181
|
| Investments in subsidiaries |
18
|
|
|
206,710
|
208,961
|
| Investments in associates |
19
|
10,051
|
8,414
|
|
|
| Deferred expenditure operator rights |
|
2,250
|
2,250
|
|
|
| Intangible assets |
13
|
223,389
|
257,795
|
|
|
| Total Non-Current Assets |
|
831,727
|
792,481
|
206,862
|
209,142
|
| TOTAL ASSETS |
|
903,219
|
951,160
|
378,735
|
349,243
|
| |
| Current Liabilities |
|
|
|
|
|
| Bank overdraft |
|
372
|
1,081
|
|
|
| Creditors and accruals |
14
|
61,140
|
70,137
|
3,061
|
9,366
|
| Short-term borrowings |
15
|
1,000
|
88,572
|
|
|
| Total Current Liabilities |
|
62,512
|
159,790
|
3,061
|
9,366
|
| |
| Non-Current Liabilities |
|
|
|
|
|
| Deferred tax |
4
|
20,811
|
19,316
|
|
|
| Capital notes |
9
|
148,888
|
148,510
|
148,888
|
148,510
|
| Convertible notes |
9
|
9,315
|
9,315
|
|
|
| Borrowings |
15
|
405,825
|
382,154
|
|
|
| Total Non-Current Liabilities |
|
584,839
|
559,295
|
148,888
|
148,510
|
| TOTAL LIABILITIES |
|
647,351
|
719,085
|
151,949
|
157,876
|
| |
| TOTAL NET ASSETS |
|
255,868
|
232,075
|
226,786
|
191,367
|
The accompanying notes on pages 37 to 64 form part of and are to be read in conjunction with these financial statements.
|
|
