Statement of Financial Position
Non-current assets remained at around $12.3 million as there is minimal capital expenditure.
Current assets decreased by $3.9 million from $122.2 million in
HY2009 to $118.3 million in
HY2010. Inventories have increased by $4.3 million from $71.3 million in September 2009 to $75.6
million in
HY2010 from new purchases made in anticipation of future price increases. On the other
hand, trade and other receivables have decreased by $5.7 million from $26.3 million in September
2009 to $20.6 million in
HY2010 from lower generation of revenue.
Non-current liabilities have decreased by $2.3 million from $12.0 million in September 2009 to $9.7
million in
HY2010 from repayment of long term loans.
Similarly, current liabilities have decreased marginally by $0.6 million from $50.0 million in
September 2009 to S$49.4 million in
HY2010. Short-term borrowings have increased to finance
purchases made in anticipation of future price increases as aforesaid.
Statement of Cash Flows
Cash from operating activities has increased by $2.0 million from $1.0 million in
HY2009 to $3.0
million in
HY2010. The increase was attributable to collection of trade and other receivables.
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