Annual Report 2012 - singapore land limited

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Singapore Land Limited - Annual Report 2012
NOTES TO THE FINANCIAL STATEMENTS
For the fi nancial year ended 31 December 2012
28. FINANCIAL RISK MANAGEMENT (continued)
(d)
Capital risk
The Group’s main objective when managing capital is to safeguard the Group’s ability to continue as a going
concern. The Group manages capital using various common measures applied by real estate companies
which may include adjusting the dividend payment, returning capital to shareholders or issuing new shares.
Management monitors the Group’s capital using a ratio calculated as debt divided by total equity,
where debt comprises total borrowings.
The Group
2012 2011 2010
$’000 $’000 $’000
Debt 402,021 266,700 286,552
Total equity (restated) 5,756,781 5,403,516 5,078,525
Debt / Total equity ratio 7% 5% 6%
The Group and the Company are in compliance, where applicable, with all externally imposed capital
requirements for the fi nancial years ended 31 December 2011 and 2012.
(e)
Financial instruments by category
The aggregate carrying amounts of loans and receivables and fi nancial liabilities at amortised cost are
as follows:
The Group
The Company
2012 2011 2012 2011
$’000 $’000 $’000 $’000
Loans and receivables 292,491 163,869 462,402 342,647
Financial liabilities at amortised cost 550,408 418,119 362,149 247,197
29. IMMEDIATE AND ULTIMATE HOLDING COMPANIES
The Company’s immediate holding company is UIC Enterprise Pte Ltd and ultimate holding company is United
Industrial Corporation Limited, both of which are incorporated in Singapore.