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Notes to the
financial statements
For the financial year ended 31 December 2018
118
B A K E R T E C H N O L O G Y
L I M I T E D
15.
Investment securities
(a)
Financial instruments as at 31 December 2018
Group and Company
31.12.2018
$’000
At fair value through other comprehensive income
– Corporate bonds (quoted)
1,068
– Unquoted equity securities
2,220
3,288
Net carrying amount
Current
797
Non-current
2,491
The Group and Company’s investment in quoted corporate bonds are denominated in SGD
and USD. They bear interest at between 2.500% to 4.625% (2017: 2.500% to 4.625%) p.a.
and with maturities ranging from February 2019 to March 2020.
The Group and Company’s unquoted equity securities relates to a minority stake in an
investment fund company, which was incorporated in Luxembourg.
Investments in equity instruments designated at fair value through other
comprehensive income
All investments in equity instruments within the Group were designated at fair value through
other comprehensive income. The Group has elected to measure these equity securities at
FVOCI due to the Group’s intention to hold these equity instruments for long-term appreciation.
(b)
Financial instruments as at 31 December 2017 and 1 January 2017
Group and Company
31.12.2017
1.1.2017
$’000 $’000
Non-current:
Available-for-sale financial assets
– Corporate bonds (quoted) at fair value
1,062
2,293
– Unquoted equity securities at cost
1,326
1,024
2,388
3,317
Current:
Available-for-sale financial assets
– Corporate bonds (quoted) at fair value
1,068
3,218