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P a g e
TRINIDAD CEMENT LIMITED
6.2
FIVE YEAR SUMMARY CONSOLIDATED FINANCIAL STATEMENTS TO 31 DECEMBER
2014
SUMMARY CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Amounts expressed in TT$’000)
As at December 31
Assets
2010
2011
Restated
2012
Restated
2013
Restated
2014
Non-Current Assets
Property Plant and Equipment
2,493,206 2,202,002 2,088,542
1,983,111 1,736,030
Goodwill
215,831 1,764 1,764 .-
-
Pension Plan asset
216,072 105,355 93,170
134,452
70,240
Receivables
9,203 10,913 7,800
7,437
6,049
Deferred Tax assets
418,576 377,787 405,143
437,371
347,771
3,352,888 2,697,821 2,596,419
2,562,371
2,160,090
Current Assets
Inventories
569,072 557,019 614,525 599,155
526,432
Receivables and prepayments
175,367 193,888 198,759 179,810
226,664
Cash at bank and on hand
20,416 57,755 43,061 57,804
96,589
Assets classified as held for sale
3,178
-
-
-
-
768,033
808,662
856,345
836,769
849,685
Assets held for distribution
-
-
-
-
226
Total assets
4,120,921 3,506,483
3,452,764 3,399,140 3,010,001
Equity and liabilities
Equity
Stated Capital
466,206 466,206 466,206
466,206
466,206
Unallocated ESOP shares
(28,658)
(25,299) (25,299) (25,299)
(25,299)
Other reserves
(202,579)
(179,810) (177,926) (205,704)
(228,187)
Retained earnings
1,189,938 520,891 222,739
326,330
64,257
Equity attributable to the parent
1,424,907
781,988
485,720
561,533
276,977
Non-controlling Interests
92,405
28,276
(24,654)
(25,236)
(31,450)
Total equity
1,517,312
810,264 461,066 536,297
245,527
Non-current liabilities
Long term portion of borrowings
8,521 2,923 1,945,569 1,772,504
-
Pension plan liabilities
-
5,127 7,692 7,246
13,055
Other post-retirement benefits
19,325
40,593 42,999 41,738
50,800
Deferred tax liabilities
438,357 314,060 317,978 342,623
316,203
Payables and accruals
-
-
-
8,924
8,203
466,203 362,703 2,314,238
2,173035
388,261
Current liabilities
Short term advances
123 447 40,665 18,758
14,707
Payables and accruals
433,839
657,629 536,238 491,771
510,973
Swap obligation
33,349
-
-
-
-
Current portion of borrowings
1,665,888
1,675,440 100,557 179,279 1,848,903
Liabilities directly associated with assets
classified as held for sale
4,207
-
-
-
1,630
2,137,406 2,333,516 677,460
689,808
2,376213
Total equity and liabilities
4,120,921
3,506,483
3,452,764
3,399,140
3,010,001
