Sure...this from the 2014 AR and my own research for 2015 (I suppose I could get an Analysts Report but...too lazy)...
Column 1
Column 2
Column 3
Column 4
0
2013
2104
2015
1
Current Assets
$ 195
$ 418
$ 460
2
Tangible Fixed Assets
$ 459
$ 928
$ 1,056
3
Non Tangible Fixed Assets
$ 21
$ 18
$ 21
4
Total Assets
$ 674
$ 1,364
$ 1,538
5
6
Current Liabilities
$ 106
$ 217
$ 194
7
Non Current Liabiltiies
$ 165
$ 410
$ 551
8
Total Liabilities
$ 271
$ 627
$ 745
9
10
Net Assets
$ 403
$ 737
$ 793
11
12
Segment Assets (Note 4)
13
Vessels
$ 398
$ 977
14
Supply Base
$ 186
$ 169
15
Slipway
$ 16
$ 20
16
Unallocated
$ 74
$ 198
17
$ 674
$ 1,364
There is no indication that either the Singaporean or Indonesian shipyards are carried on the Balance Sheet as assets, which they probably aren't given your comment about them being leased assets.
The issue is the MRM gave us little information, in the various Jaya info packages, about these shipyards and their contributions to profit so it is impossible to determine the impact of holding them or handing them back to the Sing Government.
Not sure this helps.
Cheers
MRM Price at posting:
$1.03 Sentiment: None Disclosure: Held
