notes to the financial statements - Investor Relations

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CWT Limited 88 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2011 9 FINANCIAL ASSETS Group Company 2011 2010 2011 2010 $’000 $’000 $’000 $’000 Quoted equity securities classified as available-for-sale, measured at fair value Unquoted equity securities classified as available-for-sale 83,530 91,857 80,686 91,857 measured at cost 45 45 – – 83,575 91,902 80,686 91,857 10 NON-CURRENT RECEIVABLES Group Company Note 2011 2010 2011 2010 $’000 $’000 $’000 $’000 Non-current portion of: Loans to non-controlling interests 3,121 – 1,630 – Loan to a jointly-controlled entity 18 369 377 – – Loans to associates 19 4,311 3,851 – – Finance lease receivables 11 649 785 – – Others Non-current receivables classified as 20 – – – loans and receivables 8,470 5,013 1,630 – The loans to non-controlling interests are unsecured and are repayable at the end of the term. The interest on the loans is on average at 1.73% per annum. 11 FINANCE LEASE RECEIVABLES Group Note 2011 2010 $’000 $’000 Amounts receivable under finance leases: Gross receivables 921 1,094 Unearned interest income (82) (113) Net receivables classified as loans and receivables 839 981 Current 16 190 196 Non-current 10 649 785 839 981
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2011 11 FINANCE LEASE RECEIVABLES (CONT’D) Gross receivables Unearned income Annual Report 2011 Net receivables $’000 $’000 $’000 2011 Within 1 year 216 (26) 190 After 1 year but within 5 years 601 (54) 547 After 5 years 104 (2) 102 2010 921 (82) 839 Within 1 year 227 (31) 196 After 1 year but within 5 years 621 (74) 547 After 5 years 246 (8) 238 1,094 (113) 981 These lease receivables relate to the finance leases of the Group’s machinery, equipment and motor vehicles. The average term of finance leases entered into is 10 years (2010: 10 years). The interest rate inherent in the leases is fixed at the agreement date throughout the lease term. The average effective interest rate is 3.6% (2010: 3.6%) per annum. The carrying amount of the Group’s finance lease receivables approximates their fair value, based on discounting the estimated cash flows at the market rate prevailing at the reporting date. 89
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CWT Limited Annual Report 2011 Annu
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ABOUT THE CWT GROUP VISION To Be A
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GROUP FIVE-YEAR FINANCIAL SUMMARY F
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Largest warehouse operator in Singa
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CWT Limited CHAIRMAN’S STATEMENT
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CWT Limited BOARD OF DIRECTORS Loi
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CWT Limited EXECUTIVE TEAM Loi Pok
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ELEVATION Rising through resilience
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COMMODITY SUPPLY CHAIN MANAGEMENT C
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MIDDLE EAST Kuwait Kuwait UK Estoni
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CWT Limited OPERATIONS REVIEW “Am
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CWT Limited OPERATIONS REVIEW 1. Br
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CHARACTER Our identity and performa
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EHS activities and related awards E
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Investor Relations We regularly eng
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CORPORATE GOVERNANCE Annual Report
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CORPORATE GOVERNANCE Annual Report
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Page 47 and 48: DIRECTORS’ REPORT YEAR ENDED 31 D
Page 49 and 50: STATEMENT BY DIRECTORS YEAR ENDED 3
Page 51 and 52: STATEMENT OF FINANCIAL POSITION AS
Page 53 and 54: Annual Report 2011 CONSOLIDATED STA
Page 55 and 56: CONSOLIDATED STATEMENT OF CHANGES I
Page 57 and 58: CONSOLIDATED STATEMENT OF CHANGES I
Page 59 and 60: CONSOLIDATED STATEMENT OF CASH FLOW
Page 61 and 62: NOTES TO THE FINANCIAL STATEMENTS Y
Page 89: NOTES TO THE FINANCIAL STATEMENTS Y
Page 135 and 136: STATISTICS OF SHAREHOLDINGS SHAREHO
Page 137 and 138: NOTICE OF ANNUAL GENERAL MEETING An
Page 139 and 140: NOTICE OF ANNUAL GENERAL MEETING An
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CWT LIMITED (Company Registration N
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CORPORATE DIRECTORY Loi Pok Yen Gro
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