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P a g e
TRINIDAD CEMENT LIMITED
SECTION 7: THE RESTRUCTURING PLAN (Continued)
7.3
STATEMENT OF PROFORMA FINANCIAL POSITION AS AT 1 APRIL 2015
Assets
Per Audited
Consolidated
Financial
Statements
31 December
2014
Proforma
1 April
2015
Non-Current Assets
Property Plant and Equipment
1,736,030
1,736,030
Pension Plan asset
70,240
70,240
Receivables
6,049
6,049
Deferred Tax assets
347,771
347,771
2,160,090
2,160,090
Current Assets
Inventories
526,432
526,432
Receivables and prepayments
226,664
226,664
Cash at bank and on hand
96,589
450,955
849,685
1,204,051
Assets held for distribution
226
226
Total assets
3,010,001
3,364,367
Equity and liabilities
Equity
Stated Capital
466,206
820,572
Unallocated ESOP shares
(25,299)
(25,299)
Other reserves
(228,187)
(228,187)
Retained earnings
64,257
64,257
Equity attributable to the parent
276,977
631,343
Non-controlling interests
(31,450)
(31,450)
Total equity
245,527
599,893
Non-current liabilities
Long term portion of borrowings
-
1,664,897
Pension plan liabilities
13,055
13,055
Other post-retirement benefits
50,800
50,800
Deferred tax liabilities
316,203
316,203
Payables and accruals
8,203
8,203
388,261
2,053,158
Current liabilities
Short term advances
14,707
14,707
Payables and accruals
510,973
510,973
Current portion of borrowings
1,848,903
184,006
Liabilities associated with assets
classified as held for sale
1,630
1,630
2,376,213
711,316
Total equity and liabilities
3,010,001
3,364,367
Memo: Net tangible assets per share
( TT$0.69)
TT$0.49
Net tangible asset value is equal to total assets of a company, minus any intangible assets such as goodwill, deferred tax
assets, pension plan surplus, less all liabilities and the par value of preferred shares.
Amounts in TT$000s
