ANNUAL REPORT
2016
.87
NOTES TO THE
FINANCIAL STATEMENTS
17.
OTHER ASSETS (CONTĄŻD)
17A. Land premium
GROUP
2016
$ĄŻ000
2015
$ĄŻ000
At beginning and end of the year
1,719
1,719
Accumulated amortisation:
At beginning of the year
550
22
Amortisation for the year included under administrative expenses
893
528
At the end of the year
1,443
550
Balance to be amortised:
Not later than one year
236
529
Later than one year and not later than five years
40
640
276
1,169
The amount pertains to upfront land premium paid pursuant to the sale and leaseback of the property (Note 22A).
The land premium is amortised on the straight line method over the period up to 31 May 2017, the original expiry of
the land lease.
18.
CASH AND CASH EQUIVALENTS
GROUP
COMPANY
2016
$ĄŻ000
2015
$ĄŻ000
2016
$ĄŻ000
2015
$ĄŻ000
Not restricted in use
6,295
9,221
32
191
Cash restricted in use over 3 months
360
360
¨C
¨C
6,655
9,581
32
191
The rates of interest for cash on interest earning balances ranged between 0.1% - 1.7% (2015: 0.1% - 1.1%)
