Positioning for the Future | 165
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
18 AMOUNTS DUE FROM/(TO) SUBSIDIARIES
(cont’d)
Movements in allowance for doubtful receivables were as follows
The Company
2014
$’000
2013
$’000
At 1 January
(29,119)
(29,375)
Allowance during the year
(6,407)
(365)
Reversal of allowance during the year
–
621
At 31 December
(35,526)
(29,119)
All balances with subsidiaries are unsecured and repayable on demand. The interest-bearing loan due from a
subsidiary bore effective interest rate at 0.08% per annum.
19 BANK BORROWINGS
The Group
2014
$’000
2013
$’000
Restated
Bank borrowings
- secured
5,630,733
5,109,090
- unsecured
2,567,019
3,436,703
8,197,752
8,545,793
Finance lease (secured)
12,914
17,367
8,210,666
8,563,160
Repayable
Not later than 1 year
3,041,494
1,024,912
Between 1 and 2 years
1,232,872
1,922,099
Between 2 and 5 years
3,115,917
4,989,401
After 5 years
820,383
626,748
After 1 year
5,169,172
7,538,248
8,210,666
8,563,160
(a) The Group’s borrowings are denominated mainly in Singapore Dollars, US Dollars, Australian Dollars, Chinese
Renminbi and Japanese Yen. As at 31 December 2014, the effective interest rates for bank borrowings ranged
from 0.51% to 12.50% (2013 0.38% to 12.30%) per annum.
(b) Bank borrowings are secured by the following assets, details of which are disclosed in the respective notes
to the mnancial statements
(i) mortgages on the borrowing subsidiaries’ property, plant and equipment, investment properties,
development properties for sale and serviced residences and shares of certain subsidiaries of the
Group; and
(ii) assignment of all rights, titles and benemts with respect to the properties mortgaged.
