TABLE OF CONTENTS | $000 | $000 | ||
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipment ( W1) | 6,440 | ||
| Patents (250 + 420) | 670 | ||
| Goodwill (180 - 72) ( W4) | 108 | 778 | |
| Investments | |||
| Associated company ( W6) | 912 | ||
| Other investments (150 + 200) | 350 | 1,262 | |
| 8,480 | |||
| Current assets | |||
| Inventories ( W2) | 962 | ||
| Trade receivables (420 + 380 - 70 - 50) | 680 | ||
| Bank | 150 | 1,792 | |
| Total assets | 10,272 | ||
| Capital and reserves | |||
| Equity shares of $1 each | 2,000 | ||
| Reserves | |||
| Share premium | 1,000 | ||
| Accumulated profits | ( W3) | 5,052 | 8,052 |
| Minority interest (20% 3,400 - 50) | 670 | ||
| Non-current liabilities | |||
| Deferred tax | 200 | ||
| Current liabilities | ||
| Trade payables (750 + 450 - 70) ( W5) | 1,130 | |
| Taxation | 140 | |
| Bank overdraft | 80 | 1,350 |
| 10,272 |
| $000 | |
|---|---|
| Harden | 3,980 |
| Solder | 2,300 |
| Fair value adjustment land (80% 200) | 160 |
| 6,440 |
| $000 | |
|---|---|
| Harden | 570 |
| Solder | 400 |
| Less unrealised profit (140 40/140 1/2 40%) | (8) |
| 962 |
| Harden | Solder | Harden | Solder | ||
|---|---|---|---|---|---|
| $000 | $000 | $000 | $000 | ||
| Unrealised profit (W2) | 8 | Balance | 4,500 | 1,900 | |
| Management charge (W5) | 50 | Share of associate | |||
| Minority interest (20% 1,900 - 50) |
