Electrical and Mechanical Services Trading Fund Balance Sheet
As at 31 March 1999

1999
$'000
1998
$'000
Assets employed
Fixed assets
(note 10)
955,529 972,254
Current assets
Stocks and work in progress (note 11) 145,889 129,340
Debtors and prepayments 20,644 13,093
Amounts due from related parties 145,745 209,300
Interest receivable 3,557 3,323
Placements with banks 985,000 516,000
Cash and bank balances 8,139 147,633
1,308,974 1,018,689
Less: Current liabilities
Creditors 125,847 113,907
Amounts due to related parties 285,637 287,468
Short-term borrowing (note 12) 30,280 30,280
Customers' deposits (note 13) 205,357 138,295
Deferred revenue (note 14) 50,551 40,456
Dividend payable (note 8) 98,287 78,462
Interest payable to Government 15,150 17,206
Tax payable 15,939 41,719
827,048 747,793

Net current assets
481,926 270,896
Total assets less current liabilities 1,437,455 1,243,150
Less: Deferred liabilities
Deferred tax (note 15)
2,099 6,851
1,435,356 1,236,299

Financed by:
Trading fund capital (note 16) 706,600 706,600
Revenue reserve (note 17) 516,796 287,459
Capital and reserves 1,223,396 994,059
Government loan (note 18) 211,960 242,240
1,435,356 1,236,299