JOHN KEELLS HOLDINGS PLC | Annual Report 2007/08


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Balance sheet

For information purposes only

	Group		Company
As at 31st March In USD'000s	2008	2007	2008	2007

ASSETS
Non-current assets
Property, plant and equipment	270,665	186,845	2,685	3,482
Leasehold property	43,034	43,604	-	-
Investment property	21,233	22,943	7,721	7,326
Intangible assets	3,166	3,102	-	-
Investments in subsidiaries and joint ventures	47	47	161,926	132,288
Investments in associates	91,729	77,977	57,569	54,900
Other investments	1,162	1,358	881	979
Deferred tax asset	845	678	-	-
Other non-current assets	16,756	13,145	609	915
	448,637	349,699	231,391	199,890
Current assets
Inventories	36,974	31,141	8	8
Investments held for sale	346	-	147	-
Trade and other receivable	62,660	60,367	2,443	1,343
Amounts due from related parties	162	15	2,111	7,546
Short term investments	97,007	147,789	64,805	112,653
Cash in hand and at bank	20,331	14,894	2,252	232
	217,480	254,206	71,766	121,782

Total assets	666,117	603,905	303,157	321,672

EQUITY AND LIABILITIES
Equity attributable to equity holders of the parent
Stated capital	208,427	203,717	208,427	203,717
Capital reserves	56,274	28,731	-	-
Revenue reserves	145,559	126,849	58,850	52,345
	410,260	359,297	267,277	256,062
Minority interest	44,294	33,886	-	-
Total equity	454,554	393,183	267,277	256,062
Non-current liabilities
Non-interest bearing borrowings	195	275	-	-
Interest bearing borrowings	72,457	59,076	24,081	31,415
Deferred tax liabilities	7,008	5,420	-	-
Employee benefit liabilities	7,410	6,578	745	790
Other deferred liabilities	66	34	-	-
Other non-current liabilities	3,266	3,061	-	-
	90,402	74,444	24,826	32,205
Current liabilities
Trade and other payables	73,011	53,068	2,910	3,158
Amounts due to related parties	232	155	93	1,174
Income tax liabilities	3,044	1,724	-	44
Short term borrowings	3,479	24,618	-	4,579
Current portion of interest bearing borrowings	9,833	12,586	2,783	1,511
Bank overdrafts	31,562	44,127	5,268	22,939
	121,161	136,278	11,054	33,405
Total equity and liabilities	666,117	603,905	303,157	321,672
Exchange rate	107.78	109.20	107.78	109.20

Income statement

For information purposes only

	Group		Company
For the year ended 31st March In USD'000s	2008	2007	2008	2007

Revenue	387,877	300,870	5,601	4,411
Cost of sales	(286,208)	(212,785)	(2,547)	(2,139)
Gross profit	101,669	88,085	3,054	2,272
Dividend income	867	445	29,313	26,504
Other operating income	25,208	10,808	15,254	1,967
Distribution expenses	(12,428)	(11,322)	-	-
Administrative expenses	(47,518)	(39,022)	(5,914)	(5,385)
Other operating expenses	(13,065)	(10,169)	(342)	(195)
Finance expenses	(15,014)	(12,037)	(5,417)	(5,791)
Change in fair value of investment property	-	1,004	-	-
Share of results of associates	20,808	15,577	-	-
Profit on sale of non-current investments	512	540	383	339
Profit before tax	61,039	43,909	36,331	19,711
Tax expense	(9,786)	(7,798)	(1,046)	(70)
Profit for the year	51,253	36,111	35,285	19,641

Attributable to:
Equity holders of the parent	47,490	32,369
Minority interest	3,763	3,742
	51,253	36,111
Exchange rate	107.78	109.20	107.78	109.20

This information does not constitute a full set of financial statements in compliance with SLAS. The financial statements should be read together with the Auditors' opinion and the financial statements (together with the notes to the financial statements). Exchange rates prevailing at each year end have been used to convert the income statement and balance sheet.