consolidated balance sheet
as at 31 december 2011
| Notes | 2011 €'000 |
2010 €'000 |
||
Intangible assets |
15 | 508 | 668 | |
Property, plant and equipment |
16 | 107,914 | 129,509 | |
Pension surplus |
27 | 157 | — | |
Other long-term assets |
17 | 32,797 | 36,757 | |
Deferred tax asset |
18 | 19,320 | 12,080 | |
Total non-current assets |
160,696 | 179,014 | ||
Cash and cash equivalents |
15 | 71,664 | 101,300 | |
Trade accounts receivable |
11 | 32,319 | 55,807 | |
Inventories |
12 | 48,497 | 50,813 | |
Prepaid expenses and other assets |
13 | 29,620 | 24,929 | |
Current tax assets |
14 | 9,815 | — | |
Total current assets |
191,915 | 232,849 | ||
Total assets |
352,611 | 411,863 | ||
Loans payable |
19 | 49,046 | 46,462 | |
Trade accounts payable |
20 | 8,803 | 23,129 | |
Deferred revenue |
26 | 10,082 | 10,084 | |
Accrued expenses |
21 | 6,589 | 4,837 | |
Provisions |
22 | 7,973 | 315 | |
Deferred grants and subsidies |
23 | 2,831 | 2,867 | |
Income tax payable |
24 | 399 | 6,764 | |
Other current liabilities |
25 | 753 | 900 | |
Total current liabilities |
86,476 | 95,358 | ||
Deferred revenue |
26 | 8,039 | 10,562 | |
Accrued expenses |
21 | 131 | 98 | |
Pension benefit obligation |
27 | — | 62 | |
Deferred grants and subsidies |
23 | 22,426 | 24,156 | |
Deferred tax liability |
18 | 8,183 | 825 | |
Provisions |
22 | 10,122 | — | |
Other long-term liabilities |
43 | 42 | ||
Total non-current liabilities |
48,944 | 35,745 | ||
Share capital |
28 | 12,332 | 12,332 | |
Share premium |
75,607 | 75,607 | ||
Shares held by the EBT |
(8,640) | (8,640) | ||
Share-based payment reserve |
500 | 262 | ||
Reverse acquisition reserve |
(3,601) | (3,601) | ||
Retained earnings |
158,094 | 227,107 | ||
Currency translation adjustment |
(17,101) | (22,307) | ||
Total shareholders’ equity |
217,191 | 280,760 | ||
Total liabilities and shareholders’ equity |
352,611 | 411,863 | ||
The accompanying notes form an integral part of these statements.
Approved and authorised for issue by the Board of Directors and signed on its behalf by:
Dr Peter Finnegan
Chief Financial Officer
27 March 2012
Company number
06019466
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