Creative 2011 Annual Report Download - page 20

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20
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
Group Company
2011 2010 2011 2010
Note US$’000 US$’000 US$’000 US$’000
ASSETS
Current assets:
Cash and cash equivalents 10 162,958 214,025 148,693 197,803
Trade receivables 11 27,508 28,999 8,059 4,355
Amounts due from subsidiaries 12 - - 37,424 28,880
Inventories 13 44,089 46,120 23,425 25,502
Other current assets 14 22,642 20,990 5,966 4,306
257,197 310,134 223,567 260,846
Non-current assets:
Financial assets, available-for-sale 15 36,476 33,895 - -
Other non-current receivables 16 460 582 - -
Amounts due from subsidiaries 12 - - 194,391 184,282
Investments in associated companies 322 - - -
Investments in subsidiaries 17 - - 30,790 45,390
Property and equipment 18 26,088 29,411 920 1,394
Intangible assets 19 5,862 6,324 - -
Other non-current assets 20 15,600 22,205 1,422 998
84,808 92,417 227,523 232,064
Total assets 342,005 402,551 451,090 492,910
LIABILITIES
Current liabilities:
Trade payables 21 20,629 24,089 15,203 18,218
Amounts due to subsidiaries 12 - - 29,312 23,238
Accrued liabilities and provisions 22 60,662 65,249 28,668 30,777
Current income tax liabilities 790 2,235 - 1,951
82,081 91,573 73,183 74,184
Non-current liabilities:
Amounts due to subsidiaries 12 - - 21,149 21,044
Deferred income tax liabilities 23 17,902 21,202 - -
17,902 21,202 21,149 21,044
Total liabilities 99,983 112,775 94,332 95,228
NET ASSETS 242,022 289,776 356,758 397,682
EQUITY
Share capital 24 266,753 266,753 266,753 266,753
Treasury shares 24 (18,362) (19,122) (18,362) (19,122)
Fair value reserve 15,585 13,872 - -
Other reserves 25 64,629 62,285 37,165 34,821
Retained earnings 26 (87,241) (34,654) 71,202 115,230
241,364 289,134 356,758 397,682
Non-controlling interests 658 642 - -
Total equity 242,022 289,776 356,758 397,682
BALANCE SHEETS
As at 30 June 2011
The accompanying notes form an integral part of these nancial statements.