Notes to the Financial Statements - SingTel
Notes to the Financial Statements - SingTel
Notes to the Financial Statements - SingTel
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<strong>Notes</strong> <strong>to</strong> <strong>the</strong> <strong>Financial</strong> <strong>Statements</strong>For <strong>the</strong> financial year ended 31 March 201119.3 Cus<strong>to</strong>mer Relationships and O<strong>the</strong>rsGroup2011 2010S$ Mil S$ MilBalance as at 1 April 27.8 34.0Amortisation for <strong>the</strong> 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 <strong>to</strong> subsidiaries were unsecured with settlement nei<strong>the</strong>r planned nor likely <strong>to</strong> occur in <strong>the</strong> foreseeablefuture. The effective interest rate at <strong>the</strong> end of <strong>the</strong> reporting period was 1.0 per cent (2010: 0.6 per cent) per annum.The deemed investment in a subsidiary, <strong>SingTel</strong> Group Treasury Pte. Ltd. (“SGT”), arose from financial guarantees provided by<strong>the</strong> 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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