for the year ended 31 December 2016
NOTES TO THE
FINANCIAL STATEMENTS
Annual Report 2016
-
116
-
13.
Investmentsecurities
Group andCompany
2016
2015
$’000
$’000
Non-current:
Available-for-sale financial assets
– Corporate bonds (quoted) at fair value
2,293
7,437
– Equity securities (unquoted)
1,024
962
3,317
8,399
Current:
Available-for-sale financial assets
– Corporate bonds (quoted) at fair value
3,218
1,284
TheGroup andCompany’s investment in quoted corporate bonds are denominated inSGD andUSD. They
bear interest at between2.500% to4.625% (2015: 2.500% to4.625%) p.a. andwithmaturities ranging from
January 2017 toMarch 2020.
The Group and Company’s unquoted equity securities relates to a minority stake in an investment fund
company, whichwas incorporated in Luxembourg. Fair value information has not been disclosed because
fair value cannot bemeasured reliably. These equity instruments are not quoted on anymarket and do not
have any comparable industry peer that is listed.
