Page 36 - ar2013

3 4
Annual Report 2013 LifeBrandz Ltd
Group Company
Notes 2013 2012 2013 2012
$’000 $’000 $’000 $’000
Non-current assets
Property, plant and equipment 14 4,680 3,585 – 10
Fixed deposit pledged 15 1,980 1,980 1,980 1,980
Other receivables 16 – – 3,478 1,000
Investments in subsidiaries 17 – – 321 321
Intangible assets 18 2,230 – – –
8,890 5,565 5,779 3,311
Current assets
Trade and other receivables 16 1,376 282 5,037 4,658
Inventories 19 337 282 – –
Prepayments 313 396 24 19
Cash and cash equivalents 20 1,227 1,742 234 714
3,253 2,702 5,295 5,391
Current liabilities
Trade and other payables 21 4,870 4,398 4,899 6,594
Deferred revenue 136 263 – –
Provision for taxation – 4 – 60
Finance lease 22 2 6 – –
Loans and borrowings 23 500 – – –
5,508 4,671 4,899 6,654
Net current (liabilities)/assets (2,255) (1,969) 396 (1,263)
Non-current liabilities
Provision for reinstatement costs 24 1,134 1,134 – –
Finance lease 22 – 2 – –
1,134 1,136 – –
Net assets 5,501 2,460 6,175 2,048
Equity attributable to equity holders
of the Company
Share capital 25 49,951 47,076 49,951 47,076
Foreign currency translation reserve (33) 3 – –
Accumulated losses (43,069) (43,444) (43,776) (45,028)
6,849 3,635 6,175 2,048
Non-controlling interest (1,348) (1,175) – –
Total equity 5,501 2,460 6,175 2,048
Statements of Financial Position
As at 31 July 2013
The accompanying accounting policies and explanatory notes form an integral part of the fnancial statements.