Full Annual Report 2006 - Singapore Technologies Engineering
Full Annual Report 2006 - Singapore Technologies Engineering
Full Annual Report 2006 - Singapore Technologies Engineering
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195<br />
Notes to the Financial Statements 31 DECEMBER <strong>2006</strong><br />
(Currency – <strong>Singapore</strong> dollars unless otherwise stated)<br />
49. COMPARATIVE FIGURES<br />
Comparatives in the financial statements have been changed from the previous year due to finalisation of the purchase price<br />
allocation to goodwill, intangible assets (excluding goodwill) and other assets for iDirect, Inc. during the current year.<br />
PREVIOUSLY<br />
RESTATED REPORTED<br />
2005 2005<br />
$’000 $’000<br />
Presented in the Balance Sheet<br />
Intangible assets 344,682 360,205<br />
Deferred tax assets 110,872 95,349<br />
Presented in the Notes to the Financial Statements<br />
Note 11:<br />
Goodwill 307,821 357,468<br />
Other intangible assets 36,861 2,737<br />
Note 13:<br />
Deferred tax assets 110,872 95,349<br />
50. SUBSEQUENT EVENT<br />
Increase in equity share of joint venture<br />
The Group has increased its interest in its joint venture company, STAR Automotive Center (Guangzhou) Co., Ltd. (“STAR GZ”)<br />
from 50% to 100% for a purchase consideration of RMB7.36 million ($1,470,000). Additionally, the Group has injected RMB4<br />
million ($800,000) to increase the registered capital of STAR GZ.
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