GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.86
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
17.
OTHER ASSETS
GROUP
COMPANY
2016
$＊000
2015
$＊000
2016
$＊000
2015
$＊000
Non-current:
Land premium (Note 17A)
40
640
每
每
Non-current, total
40
640
每
每
Current:
Deposits
(a)
3,416
2,753
每
每
Land premium (Note 17A)
236
529
每
每
Prepayments
344
295
107
44
Current, total
3,996
3,577
107
44
Total
4,036
4,217
107
44
Notes:
(a)
Included in deposits is an amount of approximately S$1.90 million relating to deposits with Spania GTA Technomotive S.L. (※Spania GTA§)
for the order of five GTA automobiles. Further to the announcements made on 26 May 2015, 31 August 2015 and based on the latest
information, including a road legal car delivered for various road shows, the Board of Directors has agreed not to exercise the indemnity
for the repayment from Executive Directors of S$1.90 million by 31 May 2016. The Board of Directors have on 26 May 2016 further agreed
to extend the repayment from Executive Directors until end of November 2016. Management continues to assess the capability of Spania
GTA to deliver the automobiles.
