Annual Report 2023

CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December 2023 42 The United Laboratories International Holdings Limited Annual Report 2023 2023 2022 NOTES RMB’000 RMB’000 Non-current assets Property, plant and equipment 17 6,483,406 5,932,295 Right-of-use assets 18 390,701 255,586 Goodwill 19 3,031 3,031 Intangible assets 20 133,959 100,338 Interests in an associate 21 7,304 7,161 Deposit for acquisition of land use rights – 7,262 Deposits for acquisition of property, plant and equipment 130,278 78,476 Financial asset at fair value through profit or loss 22 500 500 Deferred tax assets 30 80,800 80,030 7,229,979 6,464,679 Current assets Inventories 23 2,238,483 2,163,626 Trade and bills receivables, other receivables, deposits and prepayments 24 6,314,480 4,911,704 Derivative financial instruments 36 – 1,841 Pledged bank deposits 25 972,249 694,704 Cash and cash equivalents 25 4,261,989 4,743,071 13,787,201 12,514,946 Current liabilities Trade and other payables 26 6,052,651 5,317,876 Contract liabilities 27 115,584 132,484 Derivative financial instruments 36 25,587 10,087 Lease liabilities 28 2,509 3,744 Tax payables 232,548 209,478 Borrowings – due within one year 29 197,853 1,359,358 6,626,732 7,033,027 Net current assets 7,160,469 5,481,919 Total assets less current liabilities 14,390,448 11,946,598