103
GROUP
CO-OPERATIVE
13. INVESTMENTS (cont’d)
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
The quoted investments are stated at fair value based on the quoted closing market prices on the last market day
of the financial year. For unquoted equity investments, management considers the share of net asset value of these
investment companies to approximate their fair value.
Included in unquoted equity available-for-sale is an amount of $12,302,000 (2012 : $12,302,000) which are measured
at cost less accumulated impairment loss of $104,000 (2012 : $104,000).
Other investments are stated at cost less accumulated impairment loss.
Investments in quoted bonds have effective interest rates at approximately 5.53% (2012 : 5.65%) per annum and have
maturity dates ranging from July 2013 to October 2022 (2012 : July 2013 to January 2022). The investments are
classified as current as management could liquidate these investments if required.
The following is an analysis of allowance for impairment loss:
2013
2012
2013
2012
$’000
$’000
$’000
$’000
United States dollar
14,701 13,441
14,701 13,441
Hong Kong dollar
14,331 10,104
14,331 10,104
Indonesian rupiah
2,065
2,063
2,065
2,063
Philippine peso
836
1,928
836
1,928
2013
2012
$’000
$’000
At beginning and end of the year
104
104
Significant investments of the Group and the Co-operative that are not denominated in the functional currencies of
the respective Group are as follows:
Group and Co-operative
