CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
48
2015
2014
Notes
HK$’000
HK$’000
NON-CURRENT ASSETS
Property, plant and equipment
11
402,634
370,642
Investment properties
12
23,433
23,480
Goodwill
13
2,098
2,098
Investment in an associate
15
797
498
Deferred tax assets
25
971
514
Factored trade receivable
18
532
1,064
Prepayments
19
598
6,730
Total non-current assets
431,063
405,026
CURRENT ASSETS
Inventories
16
213,013
158,934
Trade and bills receivables
17
410,500
358,901
Factored trade receivables
18
532
1,308
Prepayments, deposits and other receivables
19
53,456
45,690
Forward currency contracts
20
809
1,026
Cash and cash equivalents
21
138,627
90,400
Total current assets
816,937
656,259
CURRENT LIABILITIES
Trade payables
22
230,970
148,787
Other payables and accruals
22
130,573
88,212
Income tax payable
18,865
12,038
Interest-bearing bank and other borrowings
23
142,396
168,092
Total current liabilities
522,804
417,129
NET CURRENT ASSETS
294,133
239,130
TOTAL ASSETS LESS CURRENT LIABILITIES
725,196
644,156
NON-CURRENT LIABILITIES
Other borrowings
23
1,246
2,649
Deferred tax liabilities
25
57,462
50,337
Total non-current liabilities
58,708
52,986
Net assets
666,488
591,170
