Willays-Array Electronics (Holdings) Limited - Annual Report 2016 - page 62

WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 60
STATEMENT OF FINANCIAL POSITION
AT MARCH 31, 2016
THE GROUP THE COMPANY
NOTES 2016 2015 2016 2015
HK$’000 HK$’000 HK$’000 HK$’000
ASSETS
Current assets
Cash and cash equivalents 8 482,601 305,955 3,063 3,367
Restricted bank deposits 8 2,395 2,516 – –
Trade and bills receivables 9 580,895 573,421 – –
Other receivables and
prepayment – current 11 6,266 8,678 193,899 159,057
Prepaid lease payments – current 12 12 12 – –
Derivative financial instruments 13 – 20 – –
Income tax recoverable 2,380 452 166 –
Inventories 14 535,547 515,274 – –
Total current assets 1,610,096 1,406,328 197,128 162,424
Non-current assets
Other receivables – non-current 11 – – – 49,000
Prepaid lease payments – non-current 12 581 594 – –
Property, plant and equipment 15 251,867 272,711 – –
Long-term deposits 16 1,697 1,125 – –
Goodwill 17 – – – –
Available-for-sale investments 18 2,001 2,001 – –
Other intangible assets 19 – – – –
Investments in subsidiaries 20 – – 117,470 117,470
Interests in associates 21 – 82,498 – 7,490
Deferred tax assets 26 385 413 – –
Total non-current assets 256,531 359,342 117,470 173,960
Total assets 1,866,627 1,765,670 314,598 336,384
LIABILITIES AND EQUITY
Current liabilities
Trust receipt loans 22 589,485 506,466 – –
Trade and bills payables 23 366,062 347,440 – –
Other payables 24 79,525 36,544 10,184 10,270
Income tax payable 3,608 1,436 – 109
Derivative financial instruments 13 14 92 – –
Financial guarantee liabilities 39 – 730 – 730
Bank borrowings 25 250,768 189,610 – –
Total current liabilities 1,289,462 1,082,318 10,184 11,109
See accompanying notes to financial statements.