Figure XX: Kernel`s IFRS Financial, USD th
BALANCE SHEET
| | | FY2011
| FY2012
| FY2013E
| FY2014F
| FY2015F
| FY2016F
| FY2017F
| FY2018F
|
| ASSETS
|
| | Cash & equivalents
| 115 897
| 82 529
| 128 042
| 197 673
| 348 686
| 558 632
| 810 089
| 1 065 315
|
| | Trade accounts receivable, net
| 111 586
| 146 362
| 160 618
| 190 707
| 208 166
| 227 889
| 236 772
| 246 775
|
| | Prepayments to suppliers & other current assets, net
| 81 334
| 90 335
| 112 634
| 131 997
| 143 233
| 155 926
| 161 642
| 168 079
|
| | Taxes recoverable & prepaid, net
| 221 274
| 238 294
| 238 294
| 238 294
| 238 294
| 238 294
| 238 294
| 238 294
|
| | Inventories
| 183 668
| 410 182
| 414 130
| 493 849
| 540 586
| 593 770
| 617 849
| 645 052
|
| | Biological assets
| 95 961
| 153 338
| 160 068
| 185 787
| 204 480
| 217 871
| 227 378
| 234 087
|
| Total current assets
| 809 720
| 1 121 040
| 1 213 786
| 1 438 307
| 1 683 444
| 1 992 383
| 2 292 023
| 2 597 602
|
| | PP&E, net
| 502 752
| 728 371
| 858 102
| 930 303
| 1 001 015
| 1 039 483
| 1 084 496
| 1 131 323
|
| | Intangible assets, net
| 65 563
| 91 087
| 106 858
| 117 854
| 125 519
| 130 863
| 134 589
| 137 186
|
| | Goodwill
| 85 989
| 137 227
| 137 227
| 137 227
| 137 227
| 137 227
| 137 227
| 137 227
|
| | Deffered tax assets
| 10 723
| 21 502
| 21 502
| 21 502
| 21 502
| 21 502
| 21 502
| 21 502
|
| | Other non-current assets
| 97 862
| 19 805
| 19 805
| 19 805
| 19 805
| 19 805
| 19 805
| 19 805
|
| Total non-current assets
| 762 889
| 997 992
| 1 143 495
| 1 226 691
| 1 305 068
| 1 348 880
| 1 397 619
| 1 447 043
|
| TOTAL ASSETS
| 1 572 609
| 2 119 032
| 2 357 280
| 2 664 998
| 2 988 512
| 3 341 263
| 3 689 642
| 4 044 645
|
| | | | | | | | | | |
| LIABILITIES
|
| | Trade accounts payables
| 27 055
| 25 490
| 31 750
| 37 720
| 41 185
| 45 098
| 46 861
| 48 845
|
| | Advances from customers and other current liabilities
| 102 029
| 157 338
| 172 272
| 204 633
| 223 410
| 244 622
| 254 176
| 264 934
|
| | Short-term borrowings
| 234 514
| 167 348
| 296 298
| 333 938
| 376 033
| 421 810
| 468 174
| 515 234
|
| | Current portion of long-term borrowings
| 31 392
| 98 622
|
|
|
|
|
|
|
| Total current liabilities
| 394 990
| 448 798
| 500 320
| 576 291
| 640 628
| 711 531
| 769 211
| 829 014
|
| | Long-term borrowings
| 152 684
| 414 238
| 462 912
| 523 320
| 590 880
| 664 349
| 738 759
| 814 287
|
| | Obligation under finance lease
| 3 373
| 12 622
| 12 622
| 12 622
| 12 622
| 12 622
| 12 622
| 12 622
|
| | Deferred tax liability
| 24 119
| 26 356
| 26 356
| 26 356
| 26 356
| 26 356
| 26 356
| 26 356
|
| | Other non-current liabilities
|
| 6 317
| 6 317
| 6 317
| 6 317
| 6 317
| 6 317
| 6 317
|
| Total non-current liabilities
| 180 329
| 459 533
| 508 207
| 568 615
| 636 175
| 709 644
| 784 054
| 859 582
|
| SHAREHOLDERS' EQUITY
|
| | Share capital
| 1 945
| 2 104
| 2 104
| 2 104
| 2 104
| 2 104
| 2 104
| 2 104
|
| | Share premium reserve
| 321 556
| 463 879
| 463 879
| 463 879
| 463 879
| 463 879
| 463 879
| 463 879
|
| | Subscrived capital
| 137 354
| -
| -
| -
| -
| -
| -
| -
|
| | Additional paid-in capital
| 39 944
| 39 944
| 39 944
| 39 944
| 39 944
| 39 944
| 39 944
| 39 944
|
| | Equity‑settled employee benefits reserve
| | 1 211
| 1 211
| 1 211
| 1 211
| 1 211
| 1 211
| 1 211
|
| | Revaluation reserve
| 15 049
| 15 049
| 15 049
| 15 049
| 15 049
| 15 049
| 15 049
| 15 049
|
| | Translation reserve
| -162 152
| -167 082
| -167 082
| -167 082
| -167 082
| -167 082
| -167 082
| -167 082
|
| | Retained earnings
| 617 878
| 824 578
| 962 631
| 1 133 968
| 1 325 587
| 1 533 965
| 1 745 014
| 1 959 235
|
| Shareholders' equity
|
| 1 179 683
|
|
|
|
|
|
|
| Minority interest
| 25 716
| 31 018
| 31 018
| 31 018
| 31 018
| 31 018
| 31 018
| 31 018
|
| Total shareholders' equity
| 997 290
| 1 210 701
| 1 348 754
| 1 520 091
| 1 711 710
| 1 920 088
| 2 131 137
| 2 345 358
|
| TOTAL LIABILITIES & EQUITY
| 1 572 609
| 2 119 032
| 2 357 280
| 2 664 998
| 2 988 512
| 3 341 263
| 3 684 402
| 4 033 954
|
| | | | | | | | | | | |
