Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 154 AT 31 MARCH 2019 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2019 2018 NOTES HK$’000 HK$’000 Current Liabilities Creditors and accruals 30 1,531,578 1,725,479 Customers’ deposits received – 1,936,950 Contract liabilities 31 974,166 – Obligations under finance leases 32 6,697 5,629 Amounts due to related companies 44 623 19,095 Amounts due to associates 44 28,057 27,149 Amount due to a joint venture 44 – 3,177 Amounts due to shareholders of non-wholly owned subsidiaries 34 7,786 8,232 Derivative financial instruments 29 – 2,211 Notes and bonds 35 – 907,995 Tax payable 313,698 361,136 Bank and other borrowings 33 4,235,896 5,285,719 7,098,501 10,282,772 Net Current Assets 12,860,003 10,398,751 Total Assets less Current Liabilities 31,979,362 24,206,177 Non-current Liabilities Obligations under finance leases 32 12,476 11,518 Amount due to a shareholder of non-wholly owned subsidiary 34 392,024 269,491 Derivative financial instruments 29 – 37,439 Notes and bonds 35 3,509,499 3,498,958 Bank and other borrowings 33 13,602,647 6,661,703 Deferred tax liabilities 36 795,228 583,186 Other liabilities 35,226 – 18,347,100 11,062,295 Net Assets 13,632,262 13,143,882 Capital and Reserves Share capital 37 235,169 230,179 Share premium 4,479,650 4,297,682 Reserves 8,698,257 8,442,951 Equity attributable to shareholders of the Company 13,413,076 12,970,812 Non-controlling interests 219,186 173,070 Total Equity 13,632,262 13,143,882 The consolidated financial statements on pages 151 to 267 were approved and authorised for issue by the Board of Directors on 20 June 2019 and are signed on its behalf by: DAVID CHIU CHEONG THARD HOONG DIRECTOR DIRECTOR