DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
INTERIM REPORT 1998
Consolidated Balance Sheet |
(unaudited)
At 30th June |
At 31st December |
| |
1998
US$m |
|
1997
US$m |
|
1997
US$m |
|
|
Net operating assets |
|
|
|
|
|
|
Intangible assets |
4.2 |
|
1.5 |
|
1.1 |
|
Tangible assets |
1,013.4 |
|
1,302.9 |
|
1,267.6 |
|
Associates and other investments |
157.8 |
|
345.4 |
|
333.0 |
|
Deferred taxation assets |
12.8
|
|
21.2
|
|
16.2
|
|
Non-current assets |
1,188.2 |
|
1,671.0 |
|
1,617.9 |
|
|
Stocks |
|
408.5 |
|
|
|
506.4 |
|
|
|
518.2 |
|
Debtors and prepayments |
|
169.6 |
|
|
|
239.5 |
|
|
|
203.9 |
|
Bank balances |
|
909.1
|
|
|
|
582.2
|
|
|
|
608.4
|
|
Current assets |
|
1,487.2
|
|
|
|
1,328.1
|
|
|
|
1,330.5
|
|
Creditors, accruals and provisions |
|
(784.3) |
|
|
|
(950.4) |
|
|
|
(1,048.2) |
|
Bank advances |
|
(83.1) |
|
|
|
(163.3) |
|
|
|
(112.3) |
|
Taxation |
|
(13.6) |
|
|
|
(17.6) |
|
|
|
(20.4) |
|
Dividends |
|
(32.1)
|
|
|
|
(32.0)
|
|
|
|
(88.2)
|
|
Current liabilities |
|
(913.1)
|
|
|
|
(1,163.3)
|
|
|
|
(1,269.1)
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Net current assets |
574.1 |
|
164.8 |
|
61.4 |
|
Term loans |
(395.2) |
|
(512.7) |
|
(422.5) |
|
Deferred taxation liabilities |
(25.4)
|
|
(42.8)
|
|
(26.5)
|
|
| |
1,341.7
|
|
1,280.3
|
|
1,230.3
|
|
|
Capital employed |
|
|
|
|
|
|
Share capital |
250.1 |
|
258.3 |
|
258.6 |
|
Share premium |
179.2 |
|
179.6 |
|
180.0 |
|
Revenue and other reserves |
916.5
|
|
839.3
|
|
802.4
|
|
Shareholders’ funds |
1,345.8 |
|
1,277.2 |
|
1,241.0 |
|
Minority interests |
(4.1)
|
|
3.1
|
|
(10.7)
|
|
| |
1,341.7
|
|
1,280.3
|
|
1,230.3
|
|
|
| |
|
|
|
|
|
|
|
