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Balance Sheets
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| |
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GROUP
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PARENT
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|
|
|
2008
|
2007
|
2008
|
2007
|
AS AT 31 MARCH 2008
|
Note
|
$000
|
$000
|
$000
|
$000
|
| |
|
Equity
|
|
Capital and reserves attributable to shareholders of the Company
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|
Share capital
|
14
|
176,055
|
174,658
|
176,055
|
174,658
|
|
Revaluation reserve
|
15
|
658,575
|
644,420
|
586,200
|
572,698
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|
Retained earnings
|
16
|
411,574
|
404,866
|
373,720
|
369,428
|
|
Cash flow hedge reserve
|
17
|
10,269
|
(6,959)
|
14,396
|
(4,083)
|
|
Other reserves
|
18
|
853
|
279
|
258
|
279
|
|
Total Equity
|
|
1,257,326
|
1,217,264
|
1,150,629
|
1,112,980
|
| |
|
Represented by:
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|
Current Assets
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|
Cash and short term deposits
|
|
115,198
|
44,256
|
6,138
|
44,003
|
|
Bond deposits on trust
|
|
2,700
|
3,100
|
2,700
|
3,100
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|
Electricity market security deposits
|
|
-
|
3,000
|
-
|
3,000
|
|
Accounts receivable and prepayments
|
19
|
99,143
|
63,277
|
98,175
|
63,269
|
|
Derivative financial instruments
|
5
|
3,905
|
53
|
3,905
|
53
|
|
Taxation receivable
|
|
7,279
|
3,314
|
6,722
|
3,314
|
|
|
|
228,225
|
117,000
|
117,640
|
116,739
|
|
Non Current Assets
|
|
Term receivable
|
|
1,719
|
-
|
1,719
|
-
|
|
Property, plant and equipment
|
20
|
2,056,974
|
1,902,496
|
1,424,722
|
1,412,529
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Derivative financial instruments
|
5
|
21,236
|
3,291
|
20,905
|
3,291
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|
Investments in subsidiaries
|
22
|
-
|
-
|
381,712
|
349,969
|
|
Other investments
|
|
518
|
-
|
-
|
-
|
|
Intangible assets
|
23
|
40,266
|
42,549
|
40,266
|
42,549
|
|
Deferred tax asset
|
27
|
1,819
|
-
|
-
|
-
|
|
|
|
2,122,532
|
1,948,336
|
1,869,324
|
1,808,338
|
| |
|
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Total Assets
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|
2,350,757
|
2,065,336
|
1,986,964
|
1,925,077
|
| |
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Current Liabilities
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|
Accounts payable and accruals
|
24
|
222,061
|
120,495
|
110,118
|
114,032
|
|
Unsecured subordinated bonds
|
26
|
50,511
|
86,182
|
50,511
|
86,182
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|
Derivative financial instruments
|
5
|
8,207
|
3,183
|
2,311
|
308
|
|
|
|
280,779
|
209,860
|
162,940
|
200,522
|
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Non Current Liabilities
|
|
Unsecured bank loans
|
25
|
443,888
|
211,612
|
336,971
|
211,612
|
|
Unsecured subordinated bonds
|
26
|
161,528
|
211,357
|
161,528
|
211,357
|
|
Derivative financial instruments
|
5
|
582
|
8,468
|
582
|
8,468
|
|
Deferred tax liability
|
27
|
206,654
|
206,775
|
174,314
|
180,138
|
|
|
|
812,652
|
638,212
|
673,395
|
611,575
|
| |
|
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Total Liabilities
|
|
1,093,431
|
848,072
|
836,335
|
812,097
|
| |
|
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Net Assets
|
|
1,257,326
|
1,217,264
|
1,150,629
|
1,112,980
|
| |
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Net Tangible Assets Per Share
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|
$3.86
|
$3.73
|
$3.52
|
$3.40
|
|