Creative 2003 Annual Report Download - page 19
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18
(In US$’000, except per share data)
June 30 June 30
2003 2002
ASSETS
Current assets:
Cash and cash equivalents $ 232,053 $ 166,917
Marketable securities – 1,388
Accounts receivable, less allowances of $18,417 and $22,159 61,225 85,193
Inventory 80,367 108,549
Other assets and prepaids 11,269 17,773
Total current assets 384,914 379,820
Property and equipment, net 104,404 104,748
Investments 49,168 66,688
Other non-current assets 108,357 115,122
Total Assets $ 646,843 $ 666,378
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 52,869 $ 64,809
Accrued liabilities 79,573 77,831
Income taxes payable 37,564 43,794
Current portion of long term obligations and others 5,519 27,441
Total current liabilities 175,525 213,875
Long term obligations 39,027 16,782
Minority interest in subsidiaries 3,454 11,769
Shareholders’ equity:
Ordinary shares (’000); S$0.25 par value;
Authorized: 200,000 shares
Outstanding: 79,714 and 78,866 shares 7,713 7,592
Additional paid-in capital 314,572 311,445
Unrealized holding gains on quoted investments 14,189 20,636
Deferred share compensation (4,305) (8,836)
Retained earnings 96,668 93,115
Total shareholders’ equity 428,837 423,952
Total Liabilities and Shareholders’ Equity $ 646,843 $ 666,378
The accompanying notes are an integral part of these consolidated financial statements.
CONSOLIDATED BALANCE SHEETS