Bradken Limited Annual Report 2015 - page 125

BRADKEN LIMITED ANNUAL REPORT 2015 l 90
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated financial statements
30 June 2015
(continued)
36 Parent entity financial information
(a) Summary financial information
2015
2014
$'000
$'000
Balance sheet
538,505
904,151
715,293
715,293
18,479
15,087
(195,267)
173,771
538,505
904,151
(350,255)
174,736
(350,255)
174,736
(b) Guarantees entered into by the parent entity
(c) Contingent liabilities of the parent entity
(d) Contractual commitments for the acquisition of property, plant or equipment
37 Assets held for sale
2015
2014
Note
$'000
$'000
Assets
14
13,581
-
38 Events occurring after balance sheet date
The individual financial statements for the parent entity show the following aggregate amounts:
Share-based payments reserve
Profit or loss for the year
Total comprehensive income
Retained earnings
Shareholders’ equity
Total assets
Issued capital
The parent entity did not have any contractual commitments for the acquisition of property, plant or equipment at 30 June
2015 or 30 June 2014.
Other than the above no material events have occurred that affect the operations of the Group from the end of the financial
period ended 30 June 2015 to the date of issue of this report.
The parent entity did not have any contingent liabilities as at 30 June 2015 or 30 June 2014.
The parent entity is a guarantor under the Bradken Group - Common Terms Deed Poll and unconditionally and irrevocably
guarantees payments due in connection with any financing facilities owed by any Group company. The parent entity is also
guarantor under the terms of the Redeemable Preference Shares Investment Agreement to unconditionally and irrevocably
guarentee all payments due in respect of the redeemable preference shares.
During the course of the year ended 30 June 2015 the Group has announced continuing plans for restructure which has
resulted in the closure of several of the Group's facilities.
Property, plant & equipment
Property, plant and equipment at these facilities has been identified as held for sale to external parties to the Group. These
asset sales are expected to be completed during the year ended 30 June 2016.
The assets are located in Australia at Henderson, Cannington and Welshpool in Western Australia and Muswellbrook in
NSW. During the period a loss of $1.418m was recognised on the Henderson facility.
The Henderson facility is part of the Mineral Processing segment, Cannington is part of the CMS segment while Welshpool
and Muswellbrook are part of the Mining & Transport segment.
In August 2015 the Group chose not to participate in the rights issue undertaken by Austin Engineering Limited (ANG) and as
such, the Group's shareholding in ANG has been diluted from 21.64% to 14.40%.
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