Carib Brewery (Grenada) Limited (formerly Grenada Breweries Limited)
Carib Brewery (Grenada) Limited (formerly Grenada Breweries Limited)
Notes to the Financial Statements for theyear ended 31st December, 2021
Notes to the Financial Statements for theyear ended 31st December, 2021
Expr essed in tthousands housands of Eastern Caribbean Dol lars Expressed
Expr essed in tthousands housands of Eastern Caribbean Dol lars Expressed
8.
Intangible Assets
11. Trade and Other Receivables 2021
2020
2021
2020
150 3,801 215 408
1,162 3,627 10 610
4,574
5,409
Computer Software: 548
548
Accumulated amortization 1 January, 2021 Amortization for the year
(128) (55)
(73) (55)
Accumulated amortization 31 December, 2021
(183)
(128)
365
420
Gross carrying amount, 31 December, 2021
Net carrying amount, 31 December, 2021
9.
Investment Securities Equity security at fair value through profit and loss Eastern Caribbean Securities Exchange -2,500 share of $10 each Investment security at amortized cost Fixed deposits
25
25
5,346
5,344
The fair value of the Eastern Caribbean Securities Exchange Shares was estimated at cost since insufficient recent information was unavailable to measure at fair value.
10. Inventories Finished goods Raw materials and work in progress Goods in Transit Consumables and spares
Inter Company receivables Trade receivables - net Other receivables Prepayments and accrued income
Movements in provision for expected credit loss of trade receivables were as follows: As at 1st January, 2021 Net (decrease)/increase in expected credit loss
488 (53)
196 292
As at 31st December, 2021
435
488
The carrying value of trade and other receivables approximates their fair value.
12. Cash and Cash Equivalents First Caribbean International Bank (Barbados) Limited - Current Accounts - Cash on hand
23,006 14
14,920 20
23,020
14,940
The Company has an unused EC$5.0 million overdraft facility available with First Caribbean International Bank (Barbados) Limited.
97 3,036 1,190 2,979
819 2,366 476 2,242
13. Stated Capital
7,302
5,903
Authorised - 6,000,000 Ordinary shares of no par value
The difference between the purchase price or production cost of inventories and their replacement value is not material.
- 300,000 10% Preference shares of no par value Al located, Cal led Up and Ful ly Paid - 4,154,652 ordinary shares of no par value
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CARIB BREWERY (GRENADA) LIMITED Annual Business and Performance Report 2021
4,155
4,155
CARIB BREWERY (GRENADA) LIMITED Annual Business and Performance Report 2021
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