Secured bank borrowing bears a fixed interest rate of 5.5% per annum. The security is a mortgage of investmentproperty held by a subsidiary company. The secured bank borrowings for 2005 were charged interest at rates of 4.25%to 5.5% and were secured by mortgages of an investment property and development property held by subsidiarycompanies.Unsecured bank borrowings are charged interest at rates ranging from 2.9% to 10% (2005 : 4.39% to 7.25%) per annumand repriced within 1 to 6 months.Short-term borrowings are denominated in the following currencies as at 31 December:GroupCompany2006 2005 2006 2005$’000 $’000 $’000 $’000Singapore dollars 380,209 125,000 221,000 151,160United States dollars 46,290 43,582 46,290 -Others 13,120 38,341 - -439,619 206,923 267,290 151,16026. Sales, Profits and Assets Employed by Segment(a)By Industry - SegmentRevenue and profit by industry segment are as follows:Revenue Profit before Taxation Attributable Profit2006 2005 2006 2005 2006 2005$’000 $’000 $’000 $’000 $’000 $’000Property trading 809,751 465,057 207,693 144,572 150,723 111,897Property investment 67,274 69,368 37,434 41,678 27,552 39,654Hospitality, asset managementand property services 70,993 51,966 (27,144) (2,801) (23,991) 2,970948,018 586,391 217,983 183,449 154,284 154,521Gains from enblocproperty sales, lessimpairment loss - - 45,425 1,188 46,026 1,188948,018 586,391 263,408 184,637 200,310 155,709Notes to the financial statementsKeppel Land LimitedReport to Shareholders 2006211
Notes to the financial statements26. Sales, Profits and Assets Employed by Segment (cont’d)(b) By Geographical Location - 2006Other ConsolidatedSingapore Countries Total$’000 $’000 $’000Sales 455,612 492,406 948,018ResultsOperating profit 63,821 140,261 204,082Investment income and net (interest expense)/interest income (14,756) 1,051 (13,705)Share of results of associated companies 8,031 19,575 27,606Gains from enbloc property sales, lessimpairment loss 55,589 (10,164) 45,425Profit before taxation 112,685 150,723 263,408Assets and liabilitiesSegment assets 2,897,831 1,739,539 4,637,370Investment in associated companies 477,893 146,241 624,134Total assets 3,375,724 1,885,780 5,261,504Segment liabilities 340,155 348,855 689,010Net tax provision and deferred taxation 12,099 108,717 120,816352,254 457,572 809,826Unallocated liabilities - - 2,550,726Total liabilities - - 3,360,552Other segment information:Purchase of fixed assets and improvement ininvestment properties 23,759 6,006 29,765Depreciation charge 1,306 9,920 11,226(Write-back)/impairment in value of investmentin associated companies with hotel interests inIndonesia and Singapore (7,570) 5,041 (2,529)Impairment in value of the Group’s hotels inMyanmar - 32,199 32,199212 Notes to the financial statementsKeppel Land LimitedReport to Shareholders 2006
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Report to Shareholders 2006growbeyo
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In 2006, Keppel Land delivered ongr
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Group quarterly resultsQuarter 1 Qu
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Dear Shareholders,On behalf of the
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As appreciation of the waterfront l
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Keppel Land was also awarded the Be
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Depth and breadth...in execution en
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scaling heightsFinancial discipline
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deepening insightsDepth and breadth
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Meeting demand for quality housing
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oadening reachSpring City Golf & La
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Group at a glanceKeppel Land Busine
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Board of directorsA strong Board of
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Board of directorsTan Yam Pin, 66Ch
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Board of directorsLim Chee Onn, 62M
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Board of directorsNiam Chiang Meng,
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Senior managementFrom left to right
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Senior managementChoo Chin Teck, 62
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Profile of directors and seniormana
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Key personnelKeppel Land LimitedLim
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Key personnelKeppel Bay Pte LtdTan
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Corporate governanceCommitment to h
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Corporate governanceThe Directors
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Corporate governanceThe Directors s
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Corporate governanceNo member of th
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Corporate governanceCompany’s sha
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Corporate governanceEach item of sp
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Investor relationsInvestors’ inte
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Investor relationsKeppel Land conti
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Awards and accoladesRecognition gar
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Special feature
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Special featureWaterfront homes - L
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Special featureWaterfront homes - L
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Special featureWaterfront homes - L
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Special featureWaterfront homes - L
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Key figures at a glanceSuccessful e
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Financial reviewOverview2006 2005 %
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Financial reviewSources of finance$
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Financial reviewAttributable profit
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Property portfolio analysisAnalysis
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Value added statementBy segmentHosp
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Productivity analysisIn 2006, the t
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Economic value addedYear-on-year ch
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Consolidated Debt-equity ratio liqu
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Risk managementIdentifying and mana
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Business dynamics andrisk factorsTh
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Critical accounting policies and re
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Significant events3 4June• Keppel
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Operations and market reviewSingapo
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Operations and market reviewSingapo
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Reflections Keppel Bay, at Singapor
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Operations and market reviewUrbana
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Operations and market reviewSingapo
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Operations and market reviewSingapo
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Operations and market reviewSingapo
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Operations and market reviewSingapo
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established with the foresight of s
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Operations and market reviewMarket
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Operations and market reviewSingapo
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Operations and market reviewSingapo
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Operations and market reviewOversea
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China’s housing market willgrow f
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Spring City Golf & Lake Resort, Kun
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The Arcadia, TianjinBy end-2006, 10
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The expansion of foreign companies,
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Elita HorizonElita Horizon is the s
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Operations and market reviewVietnam
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Villa Riviera, Ho Chi Minh CityMark
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Operations and market reviewIndones
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BG Junction, SurabayaSurabayaBG Jun
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Better economic outlook andrenewed
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Operations and market reviewPhilipp
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Operations and market reviewThailan
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52 Hong KongINDIAKolkata 55MYANMAR7
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People reviewExecutiveNon-executive
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Annual Dinner and Dance 2006Synergy
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Corporate and social responsibility
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Corporate and social responsibility
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