Full Annual Report 2006 - Singapore Technologies Engineering

169
Notes to the Financial Statements 31 DECEMBER 2006
(Currency – Singapore dollars unless otherwise stated)
10. INVESTMENTS (continued)
Impairment in value of unquoted investments
Movements in impairment in value of unquoted investments during the year are as follows:
GROUP
2006 2005
$’000 $’000
At beginning of the year 28,380 24,531
Charge to statement of profit and loss 8,428 3,905
Translation difference (43) (2)
Utilised – (54)
At end of the year 36,765 28,380
11. INTANGIBLE ASSETS
(a) Goodwill
GROUP
2006 2005
$’000 $’000
(Restated)
Cost
At beginning of the year 318,165 59,569
Acquisition of subsidiaries in prior year, as previously reported – 305,763
Finalisation of purchase price allocation – (49,647)
Acquisition of subsidiaries in prior year, as restated – 256,116
Acquisition of subsidiaries in current year 224,886 –
Acquisition of additional interest in a subsidiary 222 –
Adjustment of goodwill – 3,114
Translation difference (29,952) (634)
At end of the year 513,321 318,165
Impairment
At beginning of the year 10,344 5,877
Impairment for the year 8,135 4,483
Translation difference 24 (16)
At end of the year 18,503 10,344
Net book value 494,818 307,821