51 / 88
(All amounts in thousand Egyptian Pounds)
Note
December
31, 2014
December
31, 2013
**Restated
Non-current assets
Property, plant and equipment
5
2 988 844
2 212 743
Intangible assets
6
282 456
280 018
Long term notes receivables-Net
7
274 897
145 882
Deferred tax assets
8
35 517
21 270
Investment property
9
606
3 117
Long-term debit balances
24 110
37 218
Total non-current assets
3 606 430
2 700 248
Current assets
Inventories-Net
10
2 345 709
2 127 589
Assets held-for-sale
11
313 144
313 144
Accounts and notes receivables-Net
12
1 308 954
875 491
Debtors and other debit balances-Net
13
803 169
510 202
Due from related parties
14
30 147
3 399
Treasury bills
15
736
1 431
Cash on hand and at banks
16
1 176 841
1 083 674
Total current assets
5 978 700
4 914 930
Current liabilities
Provisions
17
48 639
39 748
Current tax liabilities
18
76 942
13 421
Loans, borrowings and overdrafts
19
4 144 838
2 789 841
Due to related parties
14
24 775
30 903
Trade payables and other credit balances
20
1 298 343
1 371 750
Bond liabilities - short term
21
-
305 122
Total current liabilities
5 593 537
4 550 785
Working capital
385 163
364 145
Total invested funds
3 991 593
3 064 393
Represented in:
Equity
Shareholders’ capital and reserves
Paid in capital
22
135 338
128 893
Payments under capital increase
-
4 514
Shares held by the group
23
( 3 275)
(3 275)
Legal reserve
24
267 265
265 125
Other reserves
25
1 066 784
1 078 427
Retained earnings
496 040
421 617
Net Income for the year
173 989
116 001
Total Shareholders’ equity
2 136 141
2 011 302
Minority interest
26
637 782
618 275
Total equity
2 773 923
2 629 577
Non-current liabilities
Long-term loans
19
680 853
217 012
Long-term warranty provisions
17
64 753
25 876
Notes payables and creditors long-term
27
-
150
Deferred revenues
28
-
2 677
Deferred tax liabilities
8
85 464
66 839
Amounts under settlement on financial lease contract
29
386 600
122 262
Total non-current liabilities
1 217 670
434 816
Total equity and non–current liabilities
3 991 593
3 064 393
* The accompanying notes form an integral part of these consolidated financial statements, and to be read therewith.
** See Note (38)
Chief Financial Officer
and Board of Director Member
Mostafa Ahmed Elmahdi
Chairman and Managing Director
Dr. Raouf Ghabbour
Consolidated
balance sheet
as at December 31, 2014
Group Finance Director
Abbas Elsayed
Ghabbour Auto | 2014 ANNUAL REPORT
49