BBR HOLDINGS (S) LTD
ANNUAL REPORT 2015
NOTES
TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(cont’d)
2.4
Foreign currency
(cont’d)
(b)
*VUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z
For consolidation purposes, the assets and liabilities of foreign operations are translated into SGD at the
YH[L VM L_JOHUNL Y\SPUN H[ [OL Z[H[LTLU[ VM ÄUHUJPHS WVZP[PVU KH[L HUK [OLPY Z[H[LTLU[ VM JVTWYLOLUZP]L
PUJVTL HYL [YHUZSH[LK H[ [OL ^LPNO[LK H]LYHNL L_JOHUNL YH[LZ MVY [OL `LHY ;OL L_JOHUNL KPMMLYLUJLZ
HYPZPUN VU [OL [YHUZSH[PVU HYL [HRLU KPYLJ[S` [V H ZLWHYH[L JVTWVULU[ VM LX\P[` HZ MVYLPNU J\YYLUJ`
[YHUZSH[PVU YLZLY]L
)HZPZ VM JVUZVSPKH[PVU HUK I\ZPULZZ JVTIPUH[PVUZ
(a)
Basis of consolidation
;OL JVUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z JVTWYPZL [OL ÄUHUJPHS Z[H[LTLU[Z VM [OL *VTWHU` HUK P[Z
Z\IZPKPHYPLZ HZ H[ [OL Z[H[LTLU[ VM ÄUHUJPHS WVZP[PVU KH[L ;OL ÄUHUJPHS Z[H[LTLU[Z VM [OL Z\IZPKPHYPLZ
\ZLK PU [OL WYLWHYH[PVU VM [OL JVUZVSPKH[LK ÄUHUJPHS Z[H[LTLU[Z HYL WYLWHYLK MVY [OL ZHTL YLWVY[PUN
KH[L HZ [OL *VTWHU` *VUZPZ[LU[ HJJV\U[PUN WVSPJPLZ HYL HWWSPLK [V SPRL [YHUZHJ[PVUZ HUK L]LU[Z PU
ZPTPSHY JPYJ\TZ[HUJLZ
(SS PU[YH NYV\W IHSHUJLZ PUJVTL HUK L_WLUZLZ HUK \UYLHSPZLK NHPUZ HUK SVZZLZ YLZ\S[PUN MYVT PU[YH
NYV\W [YHUZHJ[PVUZ HUK KP]PKLUKZ HYL LSPTPUH[LK PU M\SS
:\IZPKPHYPLZ HYL JVUZVSPKH[LK MYVT [OL KH[L VM HJX\PZP[PVU ILPUN [OL KH[L VU ^OPJO [OL .YV\W VI[HPUZ
JVU[YVS HUK JVU[PU\L [V IL JVUZVSPKH[LK \U[PS [OL KH[L [OH[ Z\JO JVU[YVS JLHZLZ
3VZZLZ ^P[OPU H Z\IZPKPHY` HYL H[[YPI\[LK [V [OL UVU JVU[YVSSPUN PU[LYLZ[ L]LU PM [OH[ YLZ\S[Z PU H KLÄJP[
IHSHUJL
A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an
LX\P[` [YHUZHJ[PVU 0M [OL .YV\W SVZLZ JVU[YVS V]LY H Z\IZPKPHY` P[!
¶
KL YLJVNUPZLZ [OL HZZL[Z PUJS\KPUN NVVK^PSS HUK SPHIPSP[PLZ VM [OL Z\IZPKPHY` H[ [OLPY JHYY`PUN
HTV\U[Z H[ [OL KH[L ^OLU JVU[YVS PZ SVZ["
¶
KL YLJVNUPZLZ [OL JHYY`PUN HTV\U[ VM HU` UVU JVU[YVSSPUN PU[LYLZ["
¶
KL YLJVNUPZLZ [OL J\T\SH[P]L [YHUZSH[PVU KPMMLYLUJLZ YLJVYKLK PU LX\P[`"
¶
YLJVNUPZLZ [OL MHPY ]HS\L VM [OL JVUZPKLYH[PVU YLJLP]LK"
¶
YLJVNUPZLZ [OL MHPY ]HS\L VM HU` PU]LZ[TLU[ YL[HPULK"
¶
YLJVNUPZLZ HU` Z\YWS\Z VY KLÄJP[ PU [OL Z[H[LTLU[ VM JVTWYLOLUZP]L PUJVTL"
¶
YL JSHZZPÄLZ [OL .YV\W»Z ZOHYL VM JVTWVULU[Z WYL]PV\ZS` YLJVNUPZLK PU V[OLY JVTWYLOLUZP]L
PUJVTL [V [OL Z[H[LTLU[ VM JVTWYLOLUZP]L PUJVTL VY YL[HPULK LHYUPUNZ HZ HWWYVWYPH[L
(b)
)\ZPULZZ JVTIPUH[PVUZ HUK NVVK^PSS
)\ZPULZZ JVTIPUH[PVUZ HYL HJJV\U[LK MVY I` HWWS`PUN [OL HJX\PZP[PVU TL[OVK 0KLU[PÄHISL HZZL[Z
HJX\PYLK HUK SPHIPSP[PLZ HZZ\TLK PU H I\ZPULZZ JVTIPUH[PVU HYL TLHZ\YLK PUP[PHSS` H[ [OLPY MHPY ]HS\LZ H[
[OL HJX\PZP[PVU KH[L (JX\PZP[PVU YLSH[LK JVZ[Z HYL YLJVNUPZLK HZ L_WLUZLZ PU [OL WLYPVKZ PU ^OPJO [OL
JVZ[Z HYL PUJ\YYLK HUK [OL ZLY]PJLZ HYL YLJLP]LK
(U` JVU[PUNLU[ JVUZPKLYH[PVU [V IL [YHUZMLYYLK I` [OL HJX\PYLY ^PSS IL YLJVNUPZLK H[ MHPY ]HS\L H[ [OL
HJX\PZP[PVU KH[L :\IZLX\LU[ JOHUNLZ [V [OL MHPY ]HS\L VM [OL JVU[PUNLU[ JVUZPKLYH[PVU ^OPJO PZ KLLTLK
[V IL HU HZZL[ VY SPHIPSP[` ^PSS IL YLJVNUPZLK PU [OL Z[H[LTLU[ VM JVTWYLOLUZP]L PUJVTL
;OL .YV\W LSLJ[Z MVY LHJO PUKP]PK\HS I\ZPULZZ JVTIPUH[PVU ^OL[OLY UVU JVU[YVSSPUN PU[LYLZ[ PU [OL
HJX\PYLL PM HU` [OH[ HYL WYLZLU[ V^ULYZOPW PU[LYLZ[Z HUK LU[P[SL [OLPY OVSKLYZ [V H WYVWVY[PVUH[L ZOHYL
VM UL[ HZZL[Z PU [OL L]LU[ VM SPX\PKH[PVU PZ YLJVNUPZLK VU [OL HJX\PZP[PVU KH[L H[ MHPY ]HS\L VY H[ [OL UVU
JVU[YVSSPUN PU[LYLZ[»Z WYVWVY[PVUH[L ZOHYL VM [OL HJX\PYLL»Z PKLU[PÄHISL UL[ HZZL[Z 6[OLY JVTWVULU[Z VM
UVU JVU[YVSSPUN PU[LYLZ[Z HYL TLHZ\YLK H[ [OLPY HJX\PZP[PVU KH[L MHPY ]HS\L \USLZZ HUV[OLY TLHZ\YLTLU[
IHZPZ PZ YLX\PYLK I` HUV[OLY -9: