Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
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Singapore Land Limited - <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong><br />
77<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
For the fi nancial year ended 31 December <strong>2012</strong><br />
18. CASH AND CASH EQUIVALENTS<br />
The Group<br />
The Company<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
$’000 $’000 $’000 $’000<br />
Cash at bank and on hand 52,624 31,311 206 243<br />
Short-term bank deposits 11,721 34,495 - -<br />
64,345 65,806 206 243<br />
Included in cash and cash equivalents of the Group, are amounts of $6,349,000 (2011: $3,947,000) maintained<br />
in the Project Accounts. The funds in the Project Accounts can only be applied in accordance with Housing<br />
Developers (Project Account) Rules (1997 Ed.).<br />
For the purpose of presenting the consolidated statement of cash fl ows, cash and cash equivalents comprise<br />
the following:<br />
The Group<br />
<strong>2012</strong> 2011<br />
$’000 $’000<br />
Cash and cash equivalents (as above) 64,345 65,806<br />
Less: Bank deposits pledged (5,570) -<br />
Cash and cash equivalents per consolidated statement of cash fl ows 58,775 65,806<br />
Bank deposits are pledged as security for certain borrowing (note 22(b)(ii)).<br />
19. PROPERTIES HELD FOR SALE<br />
The Group<br />
<strong>2012</strong> 2011<br />
$’000 $’000<br />
Properties held for sale accounted for using the completion of construction method 90,064 138,308<br />
Properties held for sale accounted for using the percentage of completion method 329,606 285,595<br />
419,670 423,903
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