Annual Report 2012 - singapore land limited

Singapore Land Limited - Annual Report 2012
71
NOTES TO THE FINANCIAL STATEMENTS
For the fi nancial year ended 31 December 2012
11. OTHER RECEIVABLES (continued)
(a)
Amounts due from associated companies
The amounts due from associated companies for the Group are unsecured, not repayable within the next
12 months and are interest-free except for amounts totalling $771,000 (2011: $749,000) which are interestbearing
at fl oating rate. At the statement of fi nancial position date, the carrying amounts of amounts due from
associated companies approximate their fair values.
(b)
Amounts due from joint ventures
The amounts due from joint ventures for the Group are subordinated to the borrowings of the joint ventures,
not repayable within the next 12 months and are interest-bearing at fl oating rate. At the statement of fi nancial
position date, the carrying amounts of amounts due from joint ventures approximate their fair values.
(c)
Amounts due from subsidiary companies
The amounts due from subsidiary companies are unsecured, not repayable within the next 12 months and
are interest-bearing except for an amount of $6,537,000 (2011: $6,537,000) which is interest-free and an
amount of $82,903,000 (2011: $82,903,000) that is subordinated to the borrowings of a subsidiary company.
At the statement of fi nancial position date, the carrying amounts of amounts due from subsidiary companies
approximate their fair values. Interest is charged on amounts due from certain subsidiary companies and is
based on interest incurred by the Company in respect of bank loans obtained on behalf of these subsidiary
companies.
12. AVAILABLE-FOR-SALE FINANCIAL ASSETS
The Group
2012 2011
$’000 $’000
Unquoted equity investments 12,045 12,045