106
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
24
AMOUNTS DUE TO SUBSIDIARIES
THE COMPANY
2016
2015
$’000
$’000
Current portion
–
18,008
Non-current portion
199,699
194,989
199,699
212,997
Non-current portion that is interest-free
Beginning of financial year
241,962
218,902
3FQBZNFOU BEWBODFT EVSJOH UIF GJOBODJBM ZFBS
(5,039)
23,060
236,923
241,962
Less: Unamortised interest expense
(37,224)
(46,973)
&OE PG GJOBODJBM ZFBS
199,699
194,989
Unamortised interest expense
Beginning of financial year
46,973
47,355
Fair value on inception of advances during the financial year
–
8,903
Amortised interest expense during the financial year
(9,749)
(9,285)
&OE PG GJOBODJBM ZFBS
37,224
46,973
Amounts due to subsidiaries (current) are unsecured, non-trade and repayable on demand.
The carrying amount of the non-current portion of the amounts due to subsidiaries approximates its
fair values.
