L.C. Development Ltd - FinanzNachrichten.de

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1(b)(i) A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year. 30.09.2012 Restated 30.06.2012 30.09.2012 30.06.2012 S$'000 S$'000 S$'000 S$'000 Non-current assets Property, plant and equipment 281,598 285,778 - - Investment property 9,538 9,684 - - Intangible assets 190 197 133 137 Subsidiary companies - - 282,977 283,750 Associated companies 1,626 1,576 - - Joint venture companies 74,090 75,186 - - Long-term investment 1,000 1,000 - - Property under development 3,821 3,875 - - Deferred tax assets 11 11 - - 4 371,874 Current assets Investment securities 278 Inventories 679 Trade receivables 2,022 Other receivables 3,326 Tax recoverable 306 Prepayments 1,204 Cash and short-term deposits 50,139 57,954 Current liabilities Provision 101 Trade payables 2,657 Other payables and accruals 8,025 Provision for taxation 2,219 Hire purchase creditors 183 Term loans 39,263 52,448 Net current assets 5,506 Non-current liabilities Provision 134 Hire purchase creditors 538 Term loans 9,771 Deferred tax liabilities 24,027 34,470 Net assets 342,910 Equity attributable to shareholders of the Company Share capital 206,587 Treasury shares (2,233) Reserves 84,905 289,259 Non-controlling interests 53,651 Total equity 342,910 Group Company 377,307 204 678 2,049 1,704 392 698 50,371 56,096 101 3,334 8,944 1,805 198 39,912 54,294 1,802 134 578 9,894 24,018 34,624 344,485 206,587 (2,233) 85,743 290,097 54,388 344,485 283,110 283,887 128 60 - - - - 99 92 - - 54 9 8,751 7,166 9,032 7,327 - - - - 543 517 - - - - - - 543 8,489 291,599 206,587 (2,233) 87,245 517 6,810 - - - - - - - - - - 290,697 206,587 (2,233) 86,343 291,599 290,697 - - 291,599 290,697
Notes to Statement of Financial Position : Group 1. Apart from depreciation, the Group’s property, plant and equipment balances denominated in Thai Baht and US Dollar were lower on translation at 30 September 2012 when compared to that at 30 June 2012 as these foreign currencies had weakened against Singapore Dollar. 2. The movement in joint venture companies had taken into account the share of results of joint venture companies, a dividend declared by a joint venture company and the depreciation/amortisation of the fair value adjustments to tangible assets and intangible assets (with finite lives) of Knight Frank Pte Ltd (“KFPL”) and its subsidiaries, arising from the purchase price allocation exercise carried out for the acquisition of Cheong Hock Chye & Co. (Pte) Ltd (“CHC”) which owns 55% of KFPL. 3. Other receivables and prepayments were higher mainly because of a dividend receivable from an associated company, Holiday Inn City Centre Guangzhou Co., Ltd and prepaid insurance for the Group’s hotel properties at Phuket, Thailand respectively. 4. Trade payables were lower mainly because deposits received from hotel guests at the end of the last financial year had been used for hotel stay and reversed to room revenue in the quarter under review. 5. The decrease in other payables and accruals was mainly attributable to the payment of expenses accrued at the end of the last financial year. Company 6. The increase in cash and short-term deposits was mainly because of a dividend received from a subsidiary company, CHC during the quarter under review. 1(b)(ii) Aggregate amount of group's borrowings and debt securities. Amount repayable in one year or less, or on demand As at 30.09.2012 As at 30.06.2012 Secured Unsecured Secured Unsecured S$’000 S$’000 S$’000 S$’000 39,263 - 39,912 - Amount repayable after one year As at 30.09.2012 As at 30.06.2012 Secured Unsecured Secured Unsecured S$’000 S$’000 S$’000 S$’000 9,771 - 9,894 - Details of any collaterals The Group's borrowings are secured as follows : 1. 2 term loans of S$27.4 million : - a mortgage on the freehold land and building owned by a company in the Group. - a fixed and floating charge over the assets of a company in the Group. - a corporate guarantee from a company in the Group. 2. 2 term loans of S$12.7 million : - a mortgage on the freehold land and buildings owned by a company in the Group. 3. A revolving credit facility of S$8.9 million : - a pledge of fixed deposit by a company in the Group. 5
Page 1 and 2: L.C. Development Ltd Company Regist
Page 3: CONSOLIDATED STATEMENT OF COMPREHEN
Page 7 and 8: 1(d)(i) A statement (for the issuer
Page 9 and 10: 3 Where the figures have been audit
Page 11 and 12: Leisure and Others This sector incu

L.C. Development Ltd - FinanzNachrichten.de

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