i'mpact Singapore Tourism Board Annual Report 2010/2011
i'mpact Singapore Tourism Board Annual Report 2010/2011
i'mpact Singapore Tourism Board Annual Report 2010/2011
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NOTES TO THE FINANCIAL STATEMENTS<br />
31 March <strong>2011</strong><br />
Future minimum lease receivables under the financial lease together with the present value of the minimum lease receivable are<br />
as follows:<br />
Amount receivable under finance lease:<br />
Minimum<br />
Present value of<br />
lease receivable<br />
minimum lease receivable<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong> <strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000 $’000 $’000<br />
Within one year 1,825 1,825 415 390<br />
In the second to fifth year inclusive 7,301 7,301 1,943 1,826<br />
After fifth year 35,138 36,964 20,347 20,879<br />
44,264 46,090 22,705 23,095<br />
Less: Unearned finance income (21,559) (22,995) N/A N/A<br />
Present value of minimum lease receivable 22,705 23,095 22,705 23,095<br />
Less: Amount due from settlement within 12 months<br />
(shown under current assets) 415 390<br />
Amount due for settlement after 12 months 22,290 22,705<br />
22,705 23,095<br />
The carrying amount of the finance lease receivables approximates the fair value as at the end of the reporting period.<br />
10 AVAILABLE-FOR-SALE INVESTMENTS<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000<br />
Unquoted equity shares 2,076 2,076<br />
Less: Impairment loss (76) (76)<br />
2,000 2,000<br />
11 CASH AND CASH EQUIVALENTS<br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000<br />
Cash and bank balances 32,976 10,513<br />
Deposits with Accountant-General’s Department (AGD) (i) 171,130 65,668<br />
Fixed deposits (ii) 1,370 41,027<br />
Cash and cash equivalents 205,476 117,208<br />
82