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56 Hutchison Port Holdings Trust Annual Report 2012
Consolidated Statement
Of Financial Position
Note 2012 2011
HK$’000 HK$’000
ASSETS
Non-current assets
Fixed assets 10 26,247,876 26,764,978
Projects under development 11 1,315,394 1,349,681
Leasehold land and land use rights 12 44,958,859 46,221,315
Railway usage rights 13 16,004 16,431
Customer relationships 14(a) 7,841,214 8,171,044
Goodwill 14(b) 41,629,044 41,594,064
Associated companies 15 139,657 129,155
Jointly controlled entities 16 2,548,819 2,595,529
Investments 17 820,448 809,643
Deferred tax assets 18 9,000 9,000
125,526,315 127,660,840
Current assets
Cash and cash equivalents 19 6,168,840 7,890,456
Trade and other receivables 20 3,022,643 3,006,714
Inventories 132,366 143,595
9,323,849 11,040,765
Current liabilities
Trade and other payables 21 7,713,667 8,871,006
Bank loans 22 32,660 32,620
Current tax liabilities 220,434 279,732
7,966,761 9,183,358
Net current assets 1,357,088 1,857,407
Total assets less current liabilities 126,883,403 129,518,247
Non-current liabilities
Bank loans 22 29,108,685 29,019,665
Pension obligations 23 347,515 265,340
Deferred tax liabilities 18 11,900,602 12,209,664
Other non-current liabilities 19,479 556
41,376,281 41,495,225
Net assets 85,507,122 88,023,022
EQUITY
Units in issue 24 68,539,835 68,539,835
Reserves (1,383,782) 550,526
Net assets attributable to unitholders of HPH Trust 67,156,053 69,090,361
Non-controlling interests 18,351,069 18,932,661
Total equity 85,507,122 88,023,022
At 31 DECEMBER 2012