43

Consolidated Balance Sheet

VITROX CORPORATION BERHAD

[649966-K]

As At 31 December 2008

2008

2007

Note

RM

RM

NON-CURRENT ASSETS

Property, plant and equipment

4

8,407,282

8,757,403

Investment property

5

600,000

600,000

Prepaid lease payments

6

2,779,957

2,829,060

Development expenditure

7

1,994,366

1,177,822

Investment in club memberships - at cost

91,250

91,250

13,872,855

13,455,535

CURRENT ASSETS

Inventories

9

4,073,514

4,910,187

Trade receivables

10

4,654,000

12,081,413

Other receivables, deposits and prepayments

574,008

282,224

Current tax assets

431,468

410,698

Cash and cash equivalents

11

28,783,273

19,392,986

38,516,263

37,077,508

CURRENT LIABILITIES

Trade payables

12

453,239

2,286,635

Other payables and accruals

1,814,491

2,598,809

Dividend payable

0

775,000

Current tax liabilities

3,326

4,613

2,271,056

5,665,057

NET CURRENT ASSETS

36,245,207

31,412,451

NON-CURRENT LIABILITIES

Deferred tax liabilities

13

298,000

280,000

NET ASSETS

49,820,062

44,587,986

FINANCED BY:-

Share capital

14

15,500,000

15,500,000

Share premium

1,222,055

1,222,055

Currency translation reserve

125

(8,022)

Retained profits

33,097,882

27,873,953

SHAREHOLDERS' EQUITY

49,820,062

44,587,986

The annexed notes form an integral part of these financial statements.