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STATEMENTS OF FINANCIAL POSITION
AS AT 31 DECEMBER 2013
Group Company
Note 2013 2012 2013 2012
$ $ $ $
Non-current assets
Property, plant and equipment 9 7,411,424 4,047,531 263,190 81,571
Investment in subsidiaries 10 – – 2,566,662 911,413
Investment in associates 11 1,791,010 1,576,060 1,460,060 1,955,060
Convertible loan receivables 20 592,125 588,661 – –
Intangible asset 12 57,139 – – –
Goodwill 13 2,124,311 – – –
11,976,009 6,212,252 4,289,912 2,948,044
Current assets
Inventories 15 267,816 73,339 – –
Trade receivables 16 1,353,785 987,999 2,917,027 1,896,583
Other receivables and deposits 17 1,752,168 435,306 445,443 240,247
Prepayments 261,502 55,978 187,863 20,804
Cash and short term deposits pledged as security 18 300,000 – – –
Cash and short term deposits 19 7,176,868 9,179,193 5,695,901 7,734,459
11,112,139 10,731,815 9,246,234 9,892,093
Current liabilities
Trade payables 21 715,456 318,311 187,464 37,280
Other payables and accruals 22 3,898,288 1,154,819 1,615,185 386,142
Deferred income 23 253,162 500 – –
Current tax liabilities 8,859 – – –
Loans and borrowings 24 1,242,009 161,375 – –
Obligations under finance leases 25 709,092 300,000 – –
6,826,866 1,935,005 1,802,649 423,422
Net current assets 4,285,273 8,796,810 7,443,585 9,468,671
Non-current liabilities
Loans and borrowings 24 623,992 502,911 – –
Obligations under finance leases 25 1,674,109 950,000 – –
Put options granted to non-controlling interests 26 652,544 – – –
Deferred tax liabilities 14 34,895 151,313 – –
2,985,540 1,604,224 – –
Net assets 13,275,742 13,404,838 11,733,497 12,416,715
Equity attributable to owners of the Company
Share capital 27 21,950,527 21,550,530 21,950,527 21,550,530
Treasury shares 28 (2,866) (2,866) (2,866) (2,866)
Other reserves (630,186) (36,416) – –
Accumulated losses (7,741,692) (7,795,638) (10,214,164) (9,130,949)
13,575,783 13,715,610 11,733,497 12,416,715
Non-controlling interests (300,041) (310,772) – –
Total equity 13,275,742 13,404,838 11,733,497 12,416,715
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
ASIAMEDIC LIMITED
ANNUAL REPORT 2013 37