Creative 2012 Annual Report Download - page 22

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20
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
Group Company
2012 2011 2012 2011
Note US$’000 US$’000 US$’000 US$’000
ASSETS

Cash and cash equivalents 10 131,432 162,958 117,457 148,693
Trade receivables 11 18,841 27,508 6,294 8,059
Amounts due from subsidiaries 12 - - 41,803 37,424
Inventories 13 27,822 44,089 11,052 23,425
Property and equipment held for sale 4,991 - - -
Other current assets 14 12,732 22,642 1,567 5,966
195,818 257,197 178,173 223,567

Financial assets, available-for-sale 15 26,651 36,476 - -
Other non-current receivables 16 1,088 460 - -
Amounts due from subsidiaries 12 - - 199,321 194,391
Investments in associated companies - 322 - -
Investments in subsidiaries 17 - - 27,290 30,790
Property and equipment 18 7,427 26,088 483 920
Intangible assets 19 - 5,862 - -
Other non-current assets 20 3,301 15,600 1,193 1,422
38,467 84,808 228,287 227,523
Total assets 234,285 342,005 406,460 451,090
LIABILITIES

Trade payables 21 13,844 20,629 8,586 15,203
Amounts due to subsidiaries 12 - - 36,590 29,312
Accrued liabilies and provisions 22 53,367 60,662 24,692 28,668
Current income tax liabilies 742 790 48 -
67,953 82,081 69,916 73,183

Amounts due to subsidiaries 12 - - 21,669 21,149
Deferred income tax liabilies 23 17,902 17,902 - -
17,902 17,902 21,669 21,149
 85,855 99,983 91,585 94,332
NET ASSETS 148,430 242,022 314,875 356,758
EQUITY
Share capital 24 266,753 266,753 266,753 266,753
Treasury shares 24 (17,676) (18,362) (17,676) (18,362)
Fair value reserve 8,658 15,585 - -
Other reserves 25 64,433 64,629 36,969 37,165
Retained earnings 26 (173,980) (87,241) 28,829 71,202
148,188 241,364 314,875 356,758
Non-controlling interests 242 658 - -
Total equity 148,430 242,022 314,875 356,758
BALANCE SHEETS
As at 30 June 2012
The accompanying notes form an integral part of these nancial statements.