Creative 1999 Annual Report Download - page 20

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18
Consolidated Balance Sheets
(In US$’000, except per share data)
June 30 June 30
1999 1998
ASSETS
Current assets:
Cash and cash equivalents $ 318,990 $ 417,262
Accounts receivable, less allowances of $12,721 and $14,074 130,144 115,930
Inventory 148,028 144,320
Other assets and prepaids 12,709 10,180
Total current assets 609,871 687,692
Property and equipment, net 97,961 100,767
Investments and other non-current assets 97,857 76,654
Total Assets $ 805,689 $ 865,113
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 101,666 $ 90,544
Other accrued liabilities 55,684 61,381
Income taxes payable 47,031 45,002
Current portion of long term obligations 4,492 5,973
Total current liabilities 208,873 202,900
Long term obligations 28,642 32,277
Minority interest in subsidiaries 7,913 7,622
Commitments and contingencies (Notes 4, 11 and 13)
Shareholders’ equity:
Ordinary shares (’000); S$0.25 par value;
Authorized: 200,000 shares
Outstanding: 83,971 and 92,914 shares 8,348 9,678
Additional paid-in capital 170,157 158,532
Unrealized holding gains on quoted investments 15,405 13,719
Deferred share compensation expense (5,078) —
Retained earnings 371,429 440,385
Total shareholders’ equity 560,261 622,314
$ 805,689 $ 865,113
The accompanying notes are an integral part of these consolidated financial statements.