As the Group's cost of investment in HCP Cayman had been fully impaired, the Group will cease to equity account for its share of future losses of HCP Cayman as the Group had not undertaken to provide continuing financial support for Sincere Property. (b) In line with accounting standards, ...
The increase in investment in associates at the Group was mainly due to M&C, via its indirect subsidiaries, having subscribed its full entitlement of its associate, FSGL's rights issue of new perpetual convertible capital securities in April 2018 for a total cost of $58.2 million, coupled with...
10. Financial assets Current Financial assets at amortised cost - Bonds - quoted in Singapore Group As at As at 31 Mar 23 31 Mar 22 S$'000 S$'000 Company As at As at 31 Mar 23 31 Mar 22 S$'000 S$'000 - 8,006 - 8,006 - 8,006 - 8,006 Non-current Financial assets ...
The company is also diversifying into other related, profitable and potentially large areas like group credit insurance where it insures individuals' mortgages in the event of death. Japanese accounting standards have meant that Lifenet has had to recognise the entire cost of selling a policy...