Annual Report 2012 - ecoWise Holdings Limited

More documents

Recommendations

Info

60ecoWise Holdings Limitedannual report 2012YEAR ENDED 31 OCTOBER 2012CONSOLIDATED STATEMENT OF CASH FLOWS2012 2011$’000 $’000Cash Flows From Investing ActivitiesAcquisition of a Subsidiary, Net of Cash (Note 17A) 2 –Acquisition of an Associate (3,994) –Acquisition of Property, Plant and Equipment (Note 24B) (8,125) (9,308)Increase in Investment in Other Financial Assets (835) –Dividend Income Received 411 1Interest Income Received 39 4Proceeds from Disposal of Other Financial Assets 7 135Proceeds from Disposal of Property, Plant and Equipment 161 2,073Proceeds from Government Grant to Acquire Property,Plant and Equipment 9 –Net Cash Flows Used In Investing Activities (12,325) (7,095)Cash Flows From Financing ActivitiesAcquisition of Non-Controlling Interests without Change in Control – (160)Capital Contribution from Non-Controlling Interests of a Subsidiary 1,275 –Disposal of Non-Controlling Interests without Change in Control – 20Dividends Paid to Non-Controlling Interests of Subsidiaries (492) (645)Increase in Cash Restricted in Use Over 3 Months (206) (588)Interest Expenses Paid (1,007) (875)Proceeds from Issue of Ordinary Shares 5,202 98Proceeds from Loans and Borrowings 9,324 5,877Repayments of Loans and Borrowings (2,177) (2,295)Net Cash Flows From Financing Activities 11,919 1,432Net Increase/(Decrease) in Cash and Cash Equivalents 6,174 (2,139)Effect of Exchange Rate Changes on Cash and Cash Equivalents (79) (1)Cash and Cash Equivalents, Consolidated Statement of Cash Flows,Beginning Balance 10,355 12,495Cash and Cash Equivalents, Consolidated Statement of Cash Flows,Ending Balance (Note 24A) 16,450 10,355The accompanying notes form an integral part of these financial statements.
ecoWise Holdings Limitedannual report 20126131 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS1. GENERALecoWise Holdings Limited (the “Company”) is incorporated in Singapore with limited liability. It is listed onthe Singapore Exchange Securities Trading Limited. The registered office and principal place of business ofthe Company is located at 17 Kallang Junction, #04-03, Singapore 339274.The financial statements for the reporting year ended 31 October 2012 comprise those of the Company andits subsidiaries (collectively, the “Group”) and the Group’s interests in associates. All financial informationpresented in Singapore dollars have been rounded to the nearest thousand (“$’000”), unless otherwise stated.The financial statements were approved and authorised for issue by the board of directors on the date ofstatement by directors.The principal activities of the Company are those of an investment holding company and provision ofmanagement services to its subsidiaries. The principal activities of the subsidiaries are disclosed in Note 17to the financial statements.2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESAccounting ConventionThe financial statements have been prepared in accordance with the Singapore Financial Reporting Standards(“FRS”) and the related Interpretations to FRS (“INT FRS”) as issued by the Singapore Accounting StandardsCouncil and provisions in the Singapore Companies Act, Chapter 50. The financial statements are preparedon a going concern basis under the historical cost convention except where a FRS requires an alternativetreatment (such as fair values) as disclosed where appropriate in these financial statements.Basis of PreparationThe preparation of financial statements in conformity with generally accepted accounting principles requiresthe management to make estimates and assumptions that affect the reported amounts of assets andliabilities and disclosure of contingent assets and liabilities at the date of the financial statements and thereported amounts of revenues and expenses during the reporting year. Actual results could differ from theseestimates. The estimates and assumptions are reviewed on an on-going basis. Apart from those involvingestimations, management has made judgements in the process of applying the Group’s accounting policies.The areas requiring management’s most subjective or complex judgements, or areas where assumptionsand estimates are significant to the financial statements, are disclosed at the end of this note to the financialstatements, where applicable.
Page 1 and 2:
ANNUAL REPORT 2012PURSUINGSUSTAINAB
Page 3 and 4:
ecoWise Holdings Limitedannual repo
Page 5 and 6:
Page 7 and 8:
Page 9:
Page 13 and 14: ecoWise Holdings Limitedannual repo
Page 61: ecoWise Holdings Limitedannual repo
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
PROXY FORMIMPORTANT1. For investors
Page 157 and 158:
This page has been intentionally le
Page 159 and 160:
Designed and produced by(65) 6578 6
show all

Annual Report 2012 - ecoWise Holdings Limited

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?