Consolidated Balance sheet - 31st December 2014

Group Company
(all amounts in Maldivian NOTE 2016 2016
Rufiyaa)
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment 6 317,112,797 316,285,477

Intangible assets 7 936,209 921,542

Capital work-in-progress 8 14,789,345 14,789,345

Investment in associate 9 - -

Investment in subsidiary 9 - 7,102,500

Available-for-sale financial 10 32,864,400 32,864,400

assets
Deferred business profit tax 11 5,027,671 5,017,392

Trade and other receivables 12 12,648,642 12,648,642

383,379,064 389,629,298
CURRENT ASSETS
Inventories 13 238,867,752 238,867,752
Trade and other receivables 12 826,135,640 838,869,865

Cash and cash equivalents 14 32,475,637 29,291,460

1,097,479,029 1,107,029,077
TOTAL ASSETS 1,480,858,093 1,496,658,375
EQUITY AND LIABILITIES
EQUITY
Capital and reserves attributable to
equity holders of the Company
Share capital 15 25,000,000 25,000,000
General reserve 15 225,000,000 225,000,000
Fair value reserves 15 30,475,099 30,475,099

Retained earnings 336,385,764 341,625,464

TOTAL EQUITY 616,860,863 622,100,563
LIABILITIES
NON-CURRENT LIABILITIES
Borrowings 16 43,598,196 43,598,196
 43,598,196 43,598,196
CURRENT LIABILITIES
Current business profit tax 23 5,996,666 5,458,962

Loan from a shareholder 17 138,524,767 138,524,767

Trade and other payables 18 625,830,206 636,928,492

Borrowings 16 50,047,395 50,047,395

820,399,034 830,959,616
TOTAL LIABILITIES 863,997,230 874,557,812
TOTAL EQUITY AND LIABILITIES 1,480,858,093 1,496,658,375