49
GRAND BANKS YACHTS LIMITED
ANNUAL REPORT
2016
AS AT 30 JUNE 2016
STATEMENTS OF FINANCIAL POSITION
Group
Company
Note
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Non-current assets
Property, plant and equipment
4
19,080
10,966
–
–
Subsidiaries
5
–
–
29,712
29,609
Intangible assets
6
8,595
9,083
–
–
Deferred tax assets
8
1,438
307
–
–
29,113
20,356
29,712
29,609
Current assets
Inventories
9
12,464
13,524
–
–
Trade and other receivables
11
4,712
4,670
10,016
10,892
Prepayments
12
1,480
1,686
14
7
Debt securities held-for-trading
13
302
310
302
310
Cash and cash equivalents
14
16,350
21,701
1,227
5,089
35,308
41,891
11,559
16,298
Total assets
64,421
62,247
41,271
45,907
Current liabilities
Trade and other payables
15
12,743
14,323
239
4,423
Hire purchase payable
20
27
–
–
Provision for warranty claims
16
1,181
1,295
–
–
Interest bearing loan and borrowing
17
752
–
–
–
Current tax payable
315
193
–
–
15,011
15,838
239
4,423
Non-current liabilities
Deferred tax liabilities
8
1,105
1,606
–
–
Interest bearing loan and borrowing
17
2,830
–
–
–
3,935
1,606
–
–
Total liabilities
18,946
17,444
239
4,423
Capital and reserves
Share capital
18
42,999
42,999
42,999
42,999
Share-based compensation reserve
19
323
190
323
190
Foreign currency translation reserve
20
(26,714)
(25,283)
–
–
Accumulated profits/(losses)
28,867
26,897
(2,290)
(1,705)
Total equity
45,475
44,803
41,032
41,484
Total equity and liabilities
64,421
62,247
41,271
45,907
The accompanying Notes form an integral part of these financial statements.
