79
PETRA FOODS LIMITED
ANNUAL REPORT 2015
The Group
The Company
Note
2015
2014
2015
2014
US$’000
US$’000
US$’000
US$’000
ASSETS
Current assets
Cash and cash equivalents
12
119,547
171,953
111,654
159,985
Derivative assets
15
–
40
–
30
Trade receivables
13
56,280
82,055
1,254
1,682
Inventories
14
59,592
72,750
–
105
Tax recoverable
9,830
2,753
–
–
Other current assets
16
13,437
18,275
3,088
5,681
258,686
347,826
115,996
167,483
Non-current assets
Investments in subsidiaries
17
–
–
35,935
32,942
Investments in associated companies and
joint venture
18
2,947
3,145
3,000
3,000
Loans to associated company and joint
venture
19
1,382
2,968
–
310
Property, plant and equipment
20
116,604
111,138
728
1,303
Intangible assets
21
4,810
4,897
4,613
4,793
Deferred income tax assets
8(b)
342
418
–
–
Other non-current assets
23
2,822
100
–
3,035
128,907
122,666
44,276
45,383
Total assets
387,593
470,492
160,272
212,866
LIABILITIES
Current liabilities
Trade payables
24
25,925
31,931
800
1,400
Other payables
25
30,205
52,023
2,741
21,338
Current income tax liabilities
489
1,265
129
–
Derivative liabilities
15
24
–
–
–
Borrowings
26
59,453
64,806
90
139
116,096
150,025
3,760
22,877
Non-current liabilities
Borrowings
26
15,199
9,204
246
399
Deferred income tax liabilities
8(b)
4,447
4,340
–
–
Provisions for other liabilities and charges
28
9,697
9,597
–
–
29,343
23,141
246
399
Total liabilities
145,439
173,166
4,006
23,276
NET ASSETS
242,154
297,326
156,266
189,590
EQUITY
Capital and reserves attributable to equity
holders of the Company
Share capital
29
155,951
155,951
155,951
155,951
Foreign currency translation reserve
30(a)
(62,066)
(45,677)
–
–
Other reserves
30(b)
2,245
2,002
–
–
Retained earnings
31
145,904
184,907
315
33,639
242,034
297,183
156,266
189,590
Non-controlling interest
120
143
–
–
TOTAL EQUITY
242,154
297,326
156,266
189,590
AS AT 31 DECEMBER 2015
BALANCE S HE E T S
The accompanying notes form an integral part of these financial statements.
