86
McPHERSON’S LIMITED
ANNUAL REPORT 2015
NOTE 35. DEED OF CROSS GUARANTEE (CONTINUED)
(B) BALANCE SHEET
Set out below is a consolidated balance sheet as at 30 June 2015 of the Closed Group.
2015
$’000
2014
1
$’000
Current assets
Cash and cash equivalents
6,215
-
Trade and other receivables
51,505
60,908
Inventories
36,259
19,350
Derivative financial instruments
1,333
-
Current tax assets
1,309
1,016
Assets classified as held for sale
37,674
52,129
Total current assets
134,295
133,403
Non-current assets
Other financial assets
61,455
41,594
Property, plant and equipment
3,816
4,596
Intangible assets
52,057
58,092
Deferred tax assets
4,724
4,477
Total non-current assets
122,052
108,759
Total assets
256,347
242,162
Current liabilities
Trade and other payables
50,651
45,253
Borrowings
403
2,323
Derivative financial instruments
1,122
3,226
Provisions
13,545
17,236
Liabilities directly associated with assets classified as held for sale
6,330
7,874
Total current liabilities
72,051
75,912
Non-current liabilities
Payables
16,185
12,861
Borrowings
88,072
76,000
Derivative financial instruments
1,601
978
Provisions
615
655
Deferred tax liabilities
7,354
7,052
Total non-current liabilities
113,827
97,546
Total liabilities
185,878
173,458
Net assets
70,469
68,704
Equity
Contributed equity
149,191
147,003
Reserves
1,755
(1,534)
Accumulated losses
(80,477)
(76,765)
Total equity
70,469
68,704
1. See Note 1(A) for details regarding the restatement as a result of an error
NOTES TO AND FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS CONTINUED