40
McPHERSON’S LIMITED
ANNUAL REPORT 2015
NOTE
2015
$’000
2014
1
$’000
2013
1
$’000
Current assets
Cash and cash equivalents
10
11,283
4,120
1,666
Trade and other receivables
11
55,009
60,729
54,908
Inventories
12
57,785
45,489
67,577
Derivative financial instruments
13
1,951
-
5,258
Current tax assets
1,118
112
268
Assets classified as held for sale
14(B)
43,905
53,281
-
Total current assets
171,051
163,731
129,677
Non-current assets
Other receivables
14(A)
2,587
-
-
Investments accounted for using the equity method
14(C)
8,829
-
-
Property, plant and equipment
15
5,501
6,040
7,667
Intangible assets
16
89,418
88,266
168,104
Deferred tax assets
17
5,555
6,010
5,597
Total non-current assets
111,890
100,316
181,368
Total assets
282,941
264,047
311,045
Current liabilities
Trade and other payables
18
60,427
50,627
38,874
Borrowings
19
406
2,820
2,404
Derivative financial instruments
13
1,211
3,854
814
Provisions
20
16,564
20,364
15,965
Liabilities directly associated with assets classified as held for sale
14(B)
6,447
7,874
-
Total current liabilities
85,055
85,539
58,057
Non-current liabilities
Borrowings
21
88,069
76,000
68,851
Derivative financial instruments
13
1,601
978
1,247
Provisions
22
1,115
863
949
Deferred tax liabilities
23
8,363
7,902
14,146
Total non-current liabilities
99,148
85,743
85,193
Total liabilities
184,203
171,282
143,250
Net assets
98,738
92,765
167,795
Equity
Contributed equity
24
149,191
147,003
139,117
Reserves
25(A)
2,933
(2,585)
1,401
(Accumulated losses) / retained earnings
25(B)
(53,386)
(51,653)
27,277
Total equity
98,738
92,765
167,795
1. See Note 1(A) for details regarding the restatement as a result of an error
The above balance sheet should be read in conjunction with the accompanying notes.
CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2015