Notes on the Accounts cont'd
13. Current Assets
Company
Group
1982
1981
1982
1981
$'000
$'000
$'000
$'000
Stocks and work in progress (note 1(d))
50,987
35,467
61,617
40,919
Goods in transit
2,818
54
2,818
54
Debtors and prepayments
9,683
5,117
12,683
7,875
Dividends receivable
4,251
6,700
Cash at banks, on deposit and in hand
44,574
27,549
54,353
27,794
112,313
74,887
131,471
76,642
14. Current Liabilities
Company
Group
1982
1981
1982
1981
$'000
$'000
$'000
$'000
Other loans
11,885
11,885
Current portion of deferred liabilities
(note 16)
51,727
27,795
51,727
27,795
Creditors and accrued charges
43,095
34,226
66,124
48,882
Provision for staff retirement benefits
(note 15)
7,044
5,750
9,207
7,561
Taxation (note 5(b))
(985)
743
Proposed dividend
13,863
11,552
13,863
11,552
115,729
91,208
139,936
108,418
15. Provision for Staff Retirement Benefits
Company
Group
$'000
$'000
At 1st January, 1982
5,750
7,561
Provision during year
5,270
5,687
Credited by a subsidiary on staff transfer
24
11,044
13,248
Contribution to staff retirement funds
Benefits paid during year
At 31st December, 1982
4,000
4,000
41
7,044
9,207
Under the rules of the Company's staff retirement funds, the Company is liable to make good any deficiency of the assets of the funds compared to the liabilities of the funds at 30th June and 31st December each year. Full provision for this liability has been made in the accounts.
17