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)
2.22 Leases
(a)
As lessee
Finance leases, which transfer to the Group substantially all the risks and rewards incidental to
ownership of the leased item, are capitalised at the inception of the lease at the fair value of the leased
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reduction of the lease liability so as to achieve a constant rate of interest on the remaining balance of
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Capitalised leased assets are depreciated over the shorter of the estimated useful life of the asset and
the lease term, if there is no reasonable certainty that the Group will obtain ownership by the end of the
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(b)
As lessor
Leases in which the Group does not transfer substantially all the risks and rewards of ownership of the
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are added to the carrying amount of the leased asset and recognised over the lease term on the same
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(a)
Current tax
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(b)
Deferred tax
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that is not a business combination and, at the time of the transaction affects neither the
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•
In respect of temporary differences associated with investments in subsidiaries, associates and
interests in joint ventures, where the timing of the reversal of the temporary differences can be
controlled and it is probable that the temporary differences will not reverse in the foreseeable
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