FINANCIALS
ADDITIONAL INFORMATION US$
TRENCOR LIMITED AND SUBSIDIARIES
UNAUDITED BALANCE SHEET AT 31 DECEMBER 2005
As virtually all of the group's revenue and assets and much of its expenditure are denominated in currencies other than rand (principally US$ and UK£), Trencor's balance sheet and income statement (unaudited) are also presented in US dollars.
| |
2005 |
2004 |
| |
|
RESTATED |
| |
US$M |
US$M |
| ASSETS |
|
|
| PROPERTY, PLANT AND EQUIPMENT |
1 000,8 |
997,5 |
| INTANGIBLE ASSETS |
2,6 |
2,6 |
| GOODWILL |
4,4 |
3,1 |
| OTHER INVESTMENTS |
8,8 |
6,9 |
| LONG-TERM LOANS |
– |
1,5 |
| LONG-TERM RECEIVABLES |
196,6 |
222,9 |
| NET INVESTMENT IN FINANCE LEASES |
28,6 |
3,4 |
| DERIVATIVE FINANCIAL INSTRUMENTS |
4,6 |
– |
| DEFERRED TAXATION |
24,0 |
45,8 |
| TOTAL NON-CURRENT ASSETS |
1 270,4 |
1 283,7 |
| INVENTORIES |
4,7 |
1,7 |
| TRADE AND OTHER RECEIVABLES |
99,3 |
97,4 |
| CASH AND CASH EQUIVALENTS, INCLUDING RESTRICTED CASH OF US$34,0 MILLION AND US$27,9 MILLION IN 2005 AND 2004, RESPECTIVELY |
112,5 |
78,4 |
| TOTAL CURRENT ASSETS |
216,5 |
177,5 |
| TOTAL ASSETS |
1 486,9 |
1 461,2 |
| EQUITY |
|
|
| ISSUED CAPITAL AND PREMIUM |
26,4 |
25,0 |
| RESERVES |
289,0 |
239,3 |
| TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT |
315,4 |
264,3 |
| MINORITY INTEREST |
130,6 |
98,7 |
| TOTAL EQUITY |
446,0 |
363,0 |
| LIABILITIES |
|
|
| CONVERTIBLE DEBENTURES |
41,3 |
46,4 |
| INTEREST-BEARING BORROWINGS |
738,7 |
703,7 |
| AMOUNTS ATTRIBUTABLE TO THIRD PARTIES IN RESPECT OF LONG-TERM RECEIVABLES |
41,0 |
61,9 |
| DERIVATIVE FINANCIAL INSTRUMENTS |
0,4 |
4,5 |
| DEFERRED TAXATION |
47,0 |
52,6 |
| TOTAL NON-CURRENT LIABILITIES |
868,4 |
869,1 |
| TRADE AND OTHER PAYABLES |
76,9 |
155,6 |
| PROVISIONS |
9,3 |
7,5 |
| CURRENT PORTION OF INTEREST-BEARING BORROWINGS |
80,2 |
61,9 |
| DEFERRED INCOME |
4,0 |
4,1 |
| SHORT-TERM BORROWINGS |
2,1 |
– |
| CURRENT LIABILITIES |
172,5 |
229,1 |
| TOTAL LIABILITIES |
1 040,9 |
1 098,2 |
| TOTAL EQUITY AND LIABILITIES |
1 486,9 |
1 461,2 |
| LIQUIDITY |
|
|
| RATIO TO AGGREGATE OF TOTAL EQUITY AND CONVERTIBLE DEBENTURES |
|
|
TOTAL LIABILITIES EXCLUDING
CONVERTIBLE DEBENTURES |
205,1% |
256,9% |
INTEREST-BEARING LIABILITIES EXCLUDING
CONVERTIBLE DEBENTURES |
168,5% |
187,0% |
|
|
