FINANCIALS
TRENCOR LIMITED AND SUBSIDIARIES
ADDITIONAL INFORMATION US$
In order to supplement the information provided in the annual financial statements, the following additional unaudited information for the year ended 31 December 2004 is supplied:
TRENCOR LIMITED AND SUBSIDIARIES:
- Balance sheet US$
- Income statement US$
- as virtually all of the group's revenue and assets and much of its
expenditure are denominated in currencies other than rand
(principally US dollars).
TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES:
Balance sheet at 31 December 2004
| | 2004 | 2003 |
| | | US$M | US$M |
| ASSETS |
| NON-CURRENT ASSETS |
| PROPERTY, PLANT AND EQUIPMENT | 997,5 | 719,0 |
| INVESTMENT PROPERTIES | - | 4,4 |
| INTANGIBLE ASSETS | 2,6 | 3,3 |
| GOODWILL | 2,8 | 3,2 |
| INVESTMENT IN ASSOCIATES | - | 9,8 |
| INVESTMENTS | 6,9 | 5,4 |
| LONG-TERM LOANS | 1,5 | 4,2 |
| LONG-TERM RECEIVABLES | 222,9 | 218,5 |
| NET INVESTMENT IN DIRECT FINANCE LEASES | 3,4 | 5,3 |
| | OTHER NON-CURRENT ASSETS | 45,8 | 28,5 |
 |
| | 1 283,4 | 1 001,6 |
| CURRENT ASSETS |
| INVENTORIES | 1,7 | 7,7 |
| TRADE AND OTHER RECEIVABLES | 97,4 | 69,5 |
| CURRENT PORTION OF LONG-TERM LOANS | - | 1,3 |
| CASH AND CASH EQUIVALENTS, INCLUDING RESTRICTED
CASH OF US$27,9 MILLION AND US$7,2 MILLION IN 2004 AND 2003 RESPECTIVELY | 78,4 | 49,9 |
|
| | 177,5 | 128,4 |
|
| TOTAL ASSETS | 1 460,9 | 1 130,0 |
|
| EQUITY AND LIABILITIES |
| CAPITAL AND RESERVES |
| SHARE CAPITAL AND PREMIUM | 25,0 | 24,7 |
| RESERVES | 239,1 | 202,8 |
|
| SHAREHOLDERS' EQUITY | 264,1 | 227,5 |
| MINORITY INTEREST | 98,6 | 78,8 |
|
| TOTAL SHAREHOLDERS' FUNDS | 362,7 | 306,3 |
| CONVERTIBLE DEBENTURES | 46,4 | 39,4 |
| OTHER NON-CURRENT LIABILITIES |
| INTEREST-BEARING BORROWINGS | 703,7 | 536,1 |
| AMOUNTS ATTRIBUTABLE TO THIRD PARTIES IN RESPECT
OF LONG-TERM RECEIVABLES | 61,9 | 57,4 |
| DERIVATIVE INSTRUMENTS | 4,5 | 13,1 |
| DEFERRED TAXATION | 52,6 | 41,8 |
|
| |
1 231,8 | 994,1 |
| CURRENT LIABILITIES
TRADE AND OTHER PAYABLES, INCLUDING CONTAINER CONTRACTS PAYABLE FOR NEW EQUIPMENT PURCHASES OF
US$73,4 MILLION (2003: US$4,0 MILLION) WHICH WILL BE FINANCED FROM NORMAL CASH FLOW AND
EXISTING FACILITIES | 155,6 | 55,0 |
| PROVISIONS | 7,5 | 11,5 |
| CURRENT PORTION OF INTEREST-BEARING BORROWINGS | 61,9 | 65,3 |
| DEFERRED INCOME | 4,1 | 4,1 |
|
| | 229,1 | 135,9 |
|
| TOTAL EQUITY AND LIABILITIES | 1 460,9 | 1 130,0 |
|
| LIQUIDITY |
| RATIO TO AGGREGATE OF TOTAL SHAREHOLDERS' FUNDS
AND CONVERTIBLE DEBENTURES | | |
|
TOTAL LIABILITIES EXCLUDING CONVERTIBLE DEBENTURES | 257,1% | 226,9% |
| |
INTEREST-BEARING LIABILITIES EXCLUDING CONVERTIBLE DEBENTURES | 187,1% | 174,0% |
|
|
