116 Boustead Singapore Limited Annual Report 2024
Statements of Financial Position - Group and Company
AS AT 31 MARCH 2024
Group | Company | ||||
31 March | 31 March | ||||
Note | 2024 | 2023 | 2024 | 2023 | |
$'000 | $'000 | $'000 | $'000 | ||
ASSETS | |||||
Current assets | 13 | 371,945 | 326,188 | 11,444 | 34,449 |
Cash and cash equivalents | |||||
Trade receivables | 14 | 120,529 | 157,044 | - | - |
Other receivables and prepayments | 15 | 62,634 | 93,785 | 24,594 | 11,923 |
Loans to subsidiaries | 16 | - | - | 32,421 | 33,331 |
Inventories | 17 | 10,505 | 4,312 | - | - |
Finance lease receivables | 22 | 491 | 476 | - | - |
Contract assets | 4(b) | 88,722 | 62,048 | - | - |
Investment securities | 18 | 4,445 | 6,207 | 4,445 | 6,207 |
Derivative financial instruments | 30 | 212 | 676 | 18 | 306 |
659,483 | 650,736 | 72,922 | 86,216 | ||
Non-current assets | 14 | 25,416 | 26,708 | - | - |
Trade receivables | |||||
Other receivables and prepayments | 15 | 82,565 | 85,968 | - | - |
Contract assets | 4(b) | 362 | 385 | - | - |
Investment securities | 18 | 29,173 | 30,213 | - | - |
Property, plant and equipment | 19 | 20,150 | 19,158 | 218 | 276 |
Right-of-use assets | 21 | 10,541 | 12,320 | - | - |
Finance lease receivables | 22 | 19,995 | 20,485 | - | - |
Investment properties | 20 | 11,754 | 48,662 | - | - |
Intangible assets | 23 | 2,701 | 5,315 | 30 | 30 |
Investments in associates | 24 | 21,252 | 21,408 | - | - |
Investments in joint ventures | 25 | 212,776 | 199,331 | - | - |
Investments in subsidiaries | 26 | - | - | 244,273 | 149,035 |
Deferred income tax assets | 27 | 17,443 | 17,085 | - | - |
454,128 | 487,038 | 244,521 | 149,341 | ||
Total assets | 1,113,611 | 1,137,774 | 317,443 | 235,557 | |
LIABILITIES | |||||
Current liabilities | 28 | 289,156 | 231,565 | 77,534 | 3,582 |
Trade and other payables | |||||
Lease liabilities | 11(b) | 4,544 | 4,230 | - | - |
Income tax liabilities | 24,740 | 21,884 | 296 | 409 | |
Loans from subsidiaries | 16 | - | - | 151,932 | 154,049 |
Contract liabilities | 4(b) | 145,916 | 198,435 | - | - |
Borrowings | 29 | 1,903 | 2,303 | - | - |
466,259 | 458,417 | 229,762 | 158,040 | ||
Non-current liabilities | 28 | 79,278 | 58,831 | - | - |
Trade and other payables | |||||
Lease liabilities | 4(b) | 30,676 | 40,746 | - | - |
Contract liabilities | 3,143 | 1,885 | - | - | |
Borrowings | 29 | 1,450 | 3,353 | - | - |
Pension liabilities | 31 | 403 | 787 | - | - |
Deferred income tax liabilities | 27 | 3,328 | 2,961 | - | - |
118,278 | 108,563 | - | - | ||
Total liabilities | 584,537 | 566,980 | 229,762 | 158,040 | |
NET ASSETS | 529,074 | 570,794 | 87,681 | 77,517 | |
EQUITY | |||||
Capital and reserves attributable to | |||||
equity holders of the Company | 32 | 74,443 | 74,443 | 74,443 | 74,443 |
Share capital | |||||
Treasury shares | 32 | (17,470) | (17,470) | (17,470) | (17,470) |
Other reserves | 33 | (24,235) | (23,086) | 2,398 | 2,398 |
Retained profits | 34 | 472,498 | 419,154 | 28,310 | 18,146 |
Non-controlling interests | 26 | 505,236 | 453,041 | 87,681 | 77,517 |
23,838 | 117,753 | - | - | ||
Total equity | 529,074 | 570,794 | 87,681 | 77,517 |
The accompanying notes form an integral part of these financial statements.