/ . 1 0 1
A N N U A L R E P O R T 2 0 1 5
T H E S T R E N G T H O F O U R B R A N D S
27. Con t i ngen t L i ab i l i t i e s and ot he r Commi tmen t s
group
2015
$’000
2014
$’000
Banker’s guarantee in favour of suppliers of certain subsidiaries (secured)
4,253
4,228
28 . Change s and adop t i on o f F i nanc i a l repo r t i ng S t anda r d s
For the current reporting year, the following new or revised Singapore Financial Reporting Standards were adopted. The
new or revised standards did not require any material modification of the measurement methods or the presentation
in the financial statements.
FrS no.
Title
FRS 27
Consolidated and Separate Financial Statements (Amendments to)
FRS 27
Separate Financial Statements (Revised)
FRS 28
Investments in Associates and Joint Ventures (Revised) (*)
FRS 36
Amendments to FRS 36: Recoverable Amount Disclosures for Non-Financial Assets (relating to goodwill)
FRS 39
Amendments to FRS 39: Novation of Derivatives and Continuation of Hedge Accounting
FRS 110
Consolidated Financial Statements
FRS 110
Amendments to FRS 110, FRS 111 and FRS 112
FRS 111
Joint Arrangements (*)
FRS 112
Disclosure of Interests in Other Entities
INT FRS 121 Levies (*)
(*) Not relevant to the entity.
