Consolidated Balance Sheet

After Total Acquisition of AMSA

(In Millions)
1991 1992
Assets

Current Assets
Cash 85.00 11.50 251.00
Investment at Cost 262.00
Acc. receivalbe and prepayments 579.00 29.60
Inventories 332.00 6.00

Total Current assets 1,258.00

Long-term investments 34.00

Trademarks 308.00
Property, plant and equipment (net) 1,054.00 113.50

Total Assets 2,655.00 3,066.60

Liabilities, Minority Interest, and Shareholders' Equity

Current Liabilities
Short-term borrowing and current portion of L.T. debt:
Bank loans and overdrafts 72.00 2.00
Capital leases and others 66.00
Income tax 95.00
Acc. Payable and accrued interest:
Trade Creditors 275.00 4.00
Accruals and deferred income 275.00
Other taxes and social security costs 83.00 5.30
Customer deposits 33.00
Dividends proposed 67.00
Other payable 67.00 12.00

Total current liabilities 1,033.00

Long-term debt, less current portion 542.00 36.30

Restructuring provisions 27.00
Deferred tax - 1.00
Other long-term liabilities 65.00

Total liabilities 1,666.00

Minority interests 112.00

Shareholders' equity
Preference shares -
Ordinary shares 176.00 67.30 251.00
Premium in excess of par values 394.00
Revaluation surplus 100.00
Retained earnings 207.00

Total Shareholders' equity 877.00 251.00

Total liabilities, minority interest, and equity 2,655.00 3,066.60