Asiaone 1-42

FINANCIAL STATEMENTS
12. Due (to) from holding company and related company
133
Proforma Company
November February
As at August 31, 30, 29,
1997 1998 1999 1999 2000
(All figures in thousands) S$ S$ S$ S$ S$
Amount due (to) from holding company (6,373) (5,909) (7,830) (7,345) 579
Amount due to other related company — — — — (24)
(6,373) (5,909) (7,830) (7,345) 555
The amounts as at August 31, 1997, 1998 and 1999 and November 30, 1999 consist mainly of
interest-free cash advances for working capital requirements. These advances are unsecured
and have no fixed terms of repayment.
The amount due from the holding company as at February 29, 2000 relates to trade debts
collected by the holding company on behalf of the Company. The amount due to other related
company is for rental of premises.
13. Fixed assets
Proforma
Furniture Capital
(All figures in Mainframe Personal Office and work-inthousands)
computers computers equipment fittings progress Total
S$ S$ S$ S$ S$ S$
As at August 31, 1997
Cost:
Balance at beginning of
financial year 120 484 93 2 14 713
Transfers 33 442 2,154 80 — 2,709
Additions
Balance at end of
221 250 3 2 829 1,305
financial year 374 1,176 2,250 84 843 4,727
Accumulated depreciation:
Balance at beginning of
financial year 41 101 11 — — 153
Transfers
Charge for the financial
31 383 1,597 51 — 2,062
year
Balance at end of
109 487 243 21 — 860
financial year 181 971 1,851 72 — 3,075
Net book value:
Balance at end of
financial year 193 205 399 12 843 1,652