Notes to the Financial Statements - SingTel

Notes to the Financial StatementsFor the financial year ended 31 March 201121. ASSOCIATED COMPANIESGroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilQuoted equity shares, at cost 74.3 74.3 24.7 24.7Unquoted equity shares, at cost 1,466.8 1,440.3 - -Shareholder’s loan (unsecured) 1.7 1.7 - -1,542.8 1,516.3 24.7 24.7Goodwill on consolidation adjustedagainst shareholders’ equity (28.3) (28.3) - -Share of post acquisition reserves(net of dividends, and accumulatedamortisation of goodwill and intangible) (270.3) (224.5) - -Translation differences (480.1) (393.0) - -(778.7) (645.8) - -Less: Allowance for impairment losses (591.7) (591.7) - -172.4 278.8 24.7 24.7As at 31 March 2011,(i)The market values of the quoted equity shares in associated companies held by the Group and Company were S$583.8million (2010: S$532.5 million) and S$573.0 million (2010: S$518.7 million) respectively.(ii) The Group’s shares representing 26% (2010: 26%) equity interest in an associated company are under negative liens.(iii) The Group’s proportionate interest in the capital commitments of the associated companies was S$77.8 million (2010:S$76.8 million).The details of associated companies are set out in Note 45.4.The summarised financial information of associated companies were as follows -Group2011 2010S$ Mil S$ MilOperating revenue 1,363.8 1,293.2Net profit after tax 10.6 20.7Total assets 4,614.7 4,529.6Total liabilities (3,196.8) (2,968.5)154 SINGAPORE TELECOMMUNICATIONS LIMITED AND SUBSIDIARY COMPANIES