97
CO-OPERATIVE
GROUP
CO-OPERATIVE
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
11. ASSOCIATES
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Unquoted equity shares, at cost
79,493 79,043
53,128 53,128
Excess of nominal value over the fair value of the advance
(Note 15)
4,068
4,068
4,068
4,068
Share of post-acquisition accumulated profits (losses),
net of dividend received
7,076 (8,484)
-
-
Less: Impairment losses
-
-
(104)
(104)
Net
90,637 74,627
57,092 57,092
The following is an analysis of allowance for impairment loss:
2013
2012
$’000
$’000
At beginning and end of the year
104
104
Details of the associates as at March 31, 2013 are as follows:
2013
2012
%
%
NTUC Link Pte Ltd
(1)
Singapore
24.8
24.8
Operator of
loyalty program
NTUC Media Co-operative Ltd
(3)
Singapore
26.0
26.0
Radio station operator
Country of
Proportion
incorporation
of ownership
and
interest and voting
Name of company
operation
power held
Principal activities
