New Lakeside

Balance Sheets

		Group		Company
	Note	2006 RMB'000	2005 RMB'000	2006 RMB'000	2005 RMB'000
Non-current assets
Property, plant and equipment	11	118,876	170,755	36	73
Investment in subsidiaries	12	-	-	24,733	10,088
Investment in joint venture	13	26,968	-	20,000	-
		145,844	170,755	44,769	10,161
Current assets
Stocks	14	9,211	66,477	-	-
Financial assets at fair value through profit or loss	15	-	200	-	-
Trade and other receivable	16	16,935	31,069	323	412
Receivable from subsidiaries	17	-	-	12,596	7,814
Cash and bank balances	18	5,203	77,877	121	1,069
		31,349	175,623	13,040	9,295
Assets classified as held for sale	19	-	51,888	-	-
		31,349	227,511	13,040	9,295
Total assets		177,193	398,266	57,809	19,456
Non-current liabilities
Borrowings	20	-	50,930	-	-
Current liabilities
Trade and other payables	21	57,561	81,130	22,272	1,469
Borrowings	20	34,270	153,570	3,270	-
Bills payable	22	-	89,000	-	-
Amount due to a director	23	24,129	7,750	11,479	-
Payable to a subsidiary	17	-	-	2,934	2,101
		115,960	331,450	39,955	3,570
Total liabilities		115,960	382,380	39,955	3,570
Net assets		61,233	15,886	17,854	15,886
Share capital	24	85,391	40,172	85,391	40,172
Share premium		-	45,219	-	45,219
Legal and other reserves		3,036	29,365	-	-
Accumulated losses		(27,194)	(98,870)	(67,537)	(69,505)
Total equity		61,233	15,886	17,854	15,886