NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
108
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
17.
AVAILABLE-FOR-SALE INVESTMENTS
Group and Company
2015
2014
$’000
$’000
Quoted equity shares, at fair value
At 1 June
859
1,181
Fair value adjustment
(151)
158
Impairment losses
(199)
(415)
Disposals
–
(65)
At 31 May
509
859
During the financial year, the Group recognised impairment loss of $199,000 (2014: $415,000) for quoted
equity shares as there were “significant” or “prolonged” decline in the fair value of these investments below
their costs. The Group treats “significant” generally as 30% and “prolonged” as greater than 12 months.
18.
TRADE AND OTHER RECEIVABLES
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Trade and other receivables (current):
Trade receivables
5,388
5,133
–
–
Amounts due from associate
– Trade
254
399
–
–
– Non-trade
5
7
3
7
Amounts due from a related party
– Trade
–
28
–
–
SGD loan to subsidiaries
–
–
142
435
Amounts due from subsidiaries
–
–
8,728
5,215
Staff advances
6
18
1
5
Refundable deposits
348
416
21
–
GST recoverable
–
46
–
–
Deposits for purchase of property,
plant and equipment
4,728
4,404
–
–
Other receivables
1,299
220
112
43
12,028
10,671
9,007
5,705
Other receivables (non-current):
SGD loan to subsidiaries
–
–
7,159
8,753
Total trade and other receivables
(current and non-current)
12,028
10,671
16,166
14,458
Add: Cash and at banks and on hand
(Note 20)
18,442
5,256
12,672
330
Total loans and receivables
30,470
15,927
28,838
14,788
