i'mpact Singapore Tourism Board Annual Report 2010/2011

NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
Financial instruments:
2010/2011
Total Level 1 Level 2 Level 3
$’000 $’000 $’000 $’000
Financial assets at FVPL:
Quoted debt securities (Note 13) 28,560 28,560 - -
Financial liabilities at FVPL:
Derivative financial Instruments (Note 13) 24 24 - -
2009/2010
Financial assets at FVPL:
Quoted debt securities 24,449 20,595 3,854 -
Financial liabilities at FVPL:
Derivative financial instruments 112 112 - -
There were no significant transfers between levels of the fair value hierarchy during the financial year.
(c)
Capital risk management policies and objectives
STB manages its capital to ensure that STB will be able to continue as a going concern while fulfilling its objective as a
statutory board.
The capital structure of STB consists of share capital and accumulated surplus. STB’s overall strategy remains unchanged
from the previous financial year.
5 SHARE CAPITAL
2010/2011 2009/2010 2010/2011 2009/2010
Number of shares (in ‘000) $’000 $’000
Issued and fully paid up:
Balance at beginning of financial year 95,318 53,935 95,318 53,935
Equity injection (1) 231,122 41,383 231,122 41,383
Balance at end of financial year 326,440 95,318 326,440 95,318
(1)
Injection of capital during the year is part of the Capital Management Framework for Statutory Boards under Finance Circular Minute M26/2008. The shares
have been fully paid for to fund tourism-related assets and are held by the Minister for Finance, a body corporate incorporated by the Minister for Finance
(Incorporation) Act (Chapter 183). The holder of these shares, which has no par value, is entitled to receive dividends from STB.
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