HOTEL ROYAL
̛Ө
ROYAL MEMORIES
34
The Group’s total shareholders’ equity declined
marginally by 0.5% to $535.5 million as we positioned
ourselves to consolidate our core businesses and
investments.
Despite the challenges that the Group faced in
FY2015, it continued to progressively upgrade its hotel
properties as it geared itself up to increase its market
share in these key markets.
In January 2015, the Group completed the acquisition
of The Baba House in Melaka, a 97-room conservation
hotel that is situated in the core heritage zone.
Moving ahead, the Group expects to expand its
hospitality room inventory in key cities in the Asia
Pacific by way of acquisitions. It will also actively
upgrade and maximize rental income from its
investment properties in New Zealand
2015
2014
Change
$’000
$’000
%
Total Assets
724,041
725,750
(0.2%)
- Property, plant and equipment
588,808
577,840
1.9%
- Investment properties
93,492
97,310
(3.9%)
- Investments
15,407
19,292
(20.1%)
- Inventories
772
587
31.5%
- Trade receivables and other receivables
5,606
7,617
(26.4%)
- Goodwill
1,783
1,829
(2.5%)
- Cash and bank balances
17,037
17,834
(4.5%)
Total Liabilities
188,569
187,810
0.4%
- Trade and other payables
8,860
9,573
(7.4%)
- Tax liabilities
21,918
22,857
(4.1%)
- Bank borrowings
157,193
154,839
1.5%
Capital and reserves
535,472
537,940
(0.5%)
- Share capital
100,438
100,438
-
- Asset revaluation reserve
352,360
339,497
3.8%
- Employee benefit reserve
171
171
-
- Fair value reserve
1,730
3,228
(46.4%)
- Translation reserve
(14,623)
( 2,097)
597.3%
- Retained earnings
95,396
96,703
(1.4%)
Statements of Financial Position
(extract)
31 December 2015
