Annual Reports & Accounts 2011

	Notes	As at 31 December
		2011 USD’000		2010 USD’000
ASSETS
Non-current assets
Property, plant and equipment	17	175,356		113,304
Intangible assets	18	230,861		2,413
Investment in joint ventures	20	3,870		–
Held-to-maturity investment	21	–		6,875
Due from a related party	25	7,025		–
Derivative financial instruments	32	–		2,517
		417,112		125,109
Current assets
Inventories	22	12,056		9,458
Trade and other receivables	23	668,753		251,124
Derivative financial instruments	32	699		–
Held-to-maturity investment	21	6,879		–
Financial asset at fair value through profit or loss	24	8,172		2,500
Cash and bank balances	26	149,377		210,223
		845,936		473,305
Total assets		1,263,048		598,414
EQUITY AND LIABILITIES
Capital and reserves
Share capital	27	23,552		18,682
Share premium	27	211,776		–
Legal reserve	28	35		33
Merger reserve	30	(22,422	)	(22,422	)
Translation reserve		(77	)	777
Hedging reserve		(1,180	)	(134	)
Retained earnings		322,214		287,032
Total equity		533,898		283,968
Non-current liabilities
Borrowings	34	36		–
Provision for employees’ end of service benefits	31	39,597		18,524
Derivative financial instruments	32	–		2,651
		39,633		21,175
Current liabilities
Borrowings	34	251,089		–
Derivative financial instruments	32	1,449		–
Trade and other payables	33	436,911		293,271
Current tax liability		68		–
		689,517		293,271
Total liabilities		729,150		314,446
Total equity and liabilities		1,263,048		598,414

The financial statements were approved and authorised for issue by the Board of Directors on 23 March 2012 and signed on its behalf by:

The notes form an integral part of these financial statements.