NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
24 NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (CONT’D)
Balance sheet disclosures
The major classes of assets and liabilities of discontinued operations and disposal group classified as held for sale and
the related reserves are as follows:
Disposal group classified as held for sale
Group
2014
2013
Shanghai
Straits
Hospitality
Trading
assets and
Co., Ltd.
business BCL Group
Total
$’000
$’000
$’000
$’000
Assets:
Property, plant and equipment (note 14)
–
452,650
1,184
453,834
Investment properties (note 15)
–
40,500
–
40,500
Inventories
–
696
25,989
26,685
Income tax receivables
–
227
–
227
Prepayment
–
1,574
–
1,574
Trade and other receivables
17
9,739
4
9,743
Other non-current receivables – mine closure deposits
–
–
21,193
21,193
Cash and cash equivalents
4,502
14,160
21
14,181
Assets of disposal group classified as held for sale
4,519
519,546
48,391
567,937
Liabilities:
Provisions (note 31)
–
(15,499)
(27,195)
(42,694)
Borrowings
–
(49,122)
–
(49,122)
Other non-current liabilities
–
(781)
–
(781)
Income tax payable
–
(146)
–
(146)
Trade and other payables
(27)
(12,779)
(27,883)
(40,662)
Liabilities directly associated with disposal group
classified as held for sale
(27)
(78,327)
(55,078)
(133,405)
Net assets/(liabilities) of disposal group classified as held
for sale
4,492
441,219
(6,687)
434,532
Reserves:
Revaluation reserve
–
130,007
927
130,934
Translation reserve
250
1,463
(6,160)
(4,697)
250
131,470
(5,233)
126,237
123
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
