UOBKH/AR09 [web] - ChartNexus

14 FINANCIAL ASSETS, AVAILABLE-FOR-SALE
The Group
2009 2008
$ $
Financial assets, available-for-sale includes the following:
(a) Listed securities, at fair value:
– Equity – Singapore 6,701,361 8,139,642
– Equity – Philippines 950,625 409,522
– Equity – Others 580,038 380,156
(b) Unquoted investments, at fair value:
– Fund in Vietnam 4,642,076 3,180,084
– Equity – Vietnam 80,918 71,786
(c) Fund investments/unquoted equity shares, at cost:
– Fund in Cayman Islands 4,729,736 6,089,086
– Equity – Thailand 147,051 –
– Equity – Others 135,230 135,230
17,967,035 18,405,506
The Group
2009 2008
$ $
Movements in allowance for impairment loss during the year are as follows:
At beginning of year 2,671,040 –
Reversal of impairment loss through other comprehensive income (1,661,875) –
Charge to profit or loss 1,426,318 2,671,040
At end of year 2,435,483 2,671,040
In 2009, the unlisted equity securities in Thailand represented an overseas subsidiary’s subscription to shares in a non-listed company set up by
an overseas exchange in 1996 (2008 : Nil).
Fund investment at cost include impairment losses amounting to $1,447,000 (2008 : $Nil). The underlying instruments of fund investment
consist primarily of unquoted China equities whose fair value estimates generated by the various valuation models cannot be reliably estimated
as the range of fair values varied significantly. Accordingly, the fund investment is stated at cost less impairment loss.
Investment in unquoted equity shares represent equity interest in a company managing China funds and as such, the fair value estimate of the
investment generated by the various valuation models cannot be reliably estimated. Accordingly, the investment is stated at cost.
15 TRADING RIGHTS IN EXCHANGES
The Group
2009 2008
$ $
Trading rights in The Stock Exchange of Hong Kong Limited,
Hong Kong Futures Exchange Limited and Philippine
Stock Exchange, Inc, at amortised cost 102,941 104,382
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