/ . 8 4
E U R O S P O R T S G L O B A L L I M I T E D
Notes to
the F iNaNci al statemeNts
3 1 ma r ch 2 0 1 5
1 2 .
P r ope r t y , P l an t and Equ i pmen t ( Con t ’ d )
Borrowing costs included in the cost of construction in progress are as follows:
group
2015
$’000
2014
$’000
Capitalisation rates
1.58 – 2.68% 1.28 – 1.58%
Borrowing costs capitalised in additions during the year
224
178
Accumulated interest capitalised included in the total cost
402
178
1 3 .
i nv e s tmen t s i n Sub s i d i a r i e s
Company
2015
$’000
2014
$’000
Movements during the year:
Unquoted equity shares at cost:
Balance at beginning of the year
7,953
7,953
Acquisitions
1,500
–
Allowance for impairment
(1,500)
–
Cost at end of the year
7,953
7,953
Net book value of subsidiaries
10,515
24,341
The following subsidiaries are incorporated and operate in Singapore:
name of Subsidiaries
Principal activities
Cost in books
of group
Effective percentage of
equity held by group
2015
$’000
2014
$’000
2015
%
2014
%
EuroSports Auto Pte Ltd
(a)
Distribution and retailing of imported
automobiles, import of parts and
accessories and repairs and servicing
of automobile
7,953
7,953
100
100
EuroAutomobile Pte. Ltd.
(a)
Distribution and retailing of imported
automobiles, import of parts and
accessories and repairs and servicing
of automobile
–
(b)
–
(b)
100
100
