Notes to the Financial Statements - SingTel

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Notes to the Financial StatementsFor the financial year ended 31 March 201119. INTANGIBLE ASSETSGroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilGoodwill on acquisition of subsidiaries 9,657.2 9,654.6 - -Telecommunications and spectrum licences 541.5 517.8 2.0 2.3Customer relationships and others 19.6 27.8 - -10,218.3 10,200.2 2.0 2.319.1 Goodwill on Acquisition of SubsidiariesGroup2011 2010S$ Mil S$ MilBalance as at 1 April 9,654.6 9,620.0Translation differences 2.6 34.6Balance as at 31 March 9,657.2 9,654.619.2 Telecommunications and Spectrum LicencesGroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilBalance as at 1 April 517.8 373.4 2.3 2.7Additions 84.2 127.7 - -Amortisation for the year (103.8) (56.5) (0.3) (0.4)Reclassifications 37.6 5.9 - -Translation differences 5.7 67.3 - -Balance as at 31 March 541.5 517.8 2.0 2.3Cost 1,068.4 933.2 8.4 8.4Accumulated amortisation (524.6) (413.1) (6.4) (6.1)Accumulated impairment (2.3) (2.3) - -Net book value as at 31 March 541.5 517.8 2.0 2.3152 SINGAPORE TELECOMMUNICATIONS LIMITED AND SUBSIDIARY COMPANIES
Notes to the Financial StatementsFor the financial year ended 31 March 201119.3 Customer Relationships and OthersGroup2011 2010S$ Mil S$ MilBalance as at 1 April 27.8 34.0Amortisation for the year (8.1) (7.8)Translation differences (0.1) 1.6Balance as at 31 March 19.6 27.8Cost 53.0 52.7Accumulated amortisation (33.4) (24.9)Net book value as at 31 March 19.6 27.820. SUBSIDIARIESCompany2011 2010S$ Mil S$ MilUnquoted equity shares, at cost 6,505.4 7,305.4Shareholders’ advances 1,884.7 3,283.4Deemed investment in a subsidiary 32.5 42.08,422.6 10,630.8Less: Allowance for impairment losses (688.5) (688.5)7,734.1 9,942.3The advances given to subsidiaries were unsecured with settlement neither planned nor likely to occur in the foreseeablefuture. The effective interest rate at the end of the reporting period was 1.0 per cent (2010: 0.6 per cent) per annum.The deemed investment in a subsidiary, SingTel Group Treasury Pte. Ltd. (“SGT”), arose from financial guarantees provided bythe Company for loans drawn down by SGT.The details of subsidiaries are set out in Note 45.ANNUAL REPORT 2010/2011 153
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Notes to the Financial Statements - SingTel

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