SLA-AR2016

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NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 8. OTHER RECEIVABLES Association Group 2016 2015 2016 2015 S$ S$ S$ S$ Grant receivables 209,240 278,027 209,240 278,027 Amount due from a subsidiary 38,496 7,985 - - Other receivables 32,442 28,196 32,467 28,196 Deposits 21,520 21,200 21,520 21,200 Prepayments 18,101 11,300 19,573 26,568 319,799 346,708 282,800 353,991 Amount due from a subsidiary is non-trade in nature and interest free and repayment on demand. 9. CASH AND CASH EQUIVALENTS Association Group 2016 2015 2016 2015 S$ S$ S$ S$ Fixed deposits 1,335,564 1,123,396 1,335,564 1,123,396 Cash and bank balances 308,655 455,115 360,445 460,094 1,644,219 1,578,511 1,696,009 1,583,490 The fixed deposits bear interest at 0.35% to 1.65% (2015: 0.35% to 1.65%) per annum. Cash and cash equivalents that are not denominated in functional currencies of the Association and the Group are as follows: United States Dollars 68,187 68,087 68,187 68,087 26
Singapore Logistics Association | Annual Report 2016 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 10. DEFERRED COURSE FEE INCOME Association Group 2016 2015 2016 2015 S$ S$ S$ S$ Deferred course fees income - - 60,961 63,141 Deferred course expenses - - (5,378) - - - 55,583 63,141 Deferred course fee income pertains to course fee received from students and deferred as the module has not been completed as at year end. 11. OTHER PAYABLES AND ACCRUALS Association Group 2016 2015 2016 2015 S$ S$ S$ S$ Other payables 138,880 117,252 138,880 130,397 Accrued operating expenses 93,133 77,047 133,937 90,962 232,013 194,299 272,817 221,359 27
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1.2844081,103.81380749999994 FORWAR
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A shared mission, a collective wisd
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Logistics Information Systems, Vert
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COUNCIL MEMBERS Ms Andelyn Oh Sin C
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The ever evolving logistics landsca
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2016 Membership Admission Ordinary
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Membership Duration Year Total % of
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as a career amongst tertiary studen
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help even more logistics companies
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Thammasat University of Thailand Mr
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No. Event Date Event Title Organise
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1.2844081,103.81380749999994 FRAMEW
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Local Enterprise and Association De
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At the Grand Finale, the teams did
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Singapore Budget 2016 Following the
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Trade Associations and Chambers Mis
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Greater achievements lie in the syn
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ASEAN Framework Agreement on Multim
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FIATA World Congress 2016 Mr Stanle
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Sea Checkpoints Security Coordinati
Page 41 and 42: e-freight@SG Network The Associatio
Page 43 and 44: LAND TRANSPORTATION COMMITTEE PSA M
Page 45 and 46: LOGISTICS SERVICES COMMITTEE Workpl
Page 47 and 48: Business Continuity Management (BCM
Page 49 and 50: INNOVATION & COLLABORATIVE TECHNOLO
Page 51 and 52: The journey to better oneself to de
Page 53 and 54: Board of Directors Mr Stanley Lim
Page 55 and 56: Committee for Private Education (CP
Page 57 and 58: A total of 425 learners benefitted
Page 59 and 60: Institute of Higher Learnings (IHLs
Page 61 and 62: MEMBERS Ordinary Members (As at 31
Page 63 and 64: Pioneer Districentre Pte Ltd PN Shi
Page 65: Singapore logistics makes everythin
Page 68 and 69: SINGAPORE LOGISTICS ASSOCIATION AND
Page 70 and 71: INDEPENDENT AUDITOR’S REPORT TO T
Page 72 and 73: STATEMENTS OF FINANCIAL POSITION AS
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Page 76 and 77: CONSOLIDATED STATEMENTS OF CASH FLO
Page 78 and 79: NOTES TO THE FINANCIAL STATEMENTS F
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