NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
28 CASH AND CASH EQUIVALENTS (CONT’D)
In 2013, the project account was maintained with a financial institution for a housing development project undertaken by
a subsidiary company. The operation of the project account was governed by the Housing Developers (Project Account)
Rules (1997 Ed.).
Cash and cash equivalents denominated in foreign currencies other than the functional currencies of the respective
Group entities are as follows:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Australian Dollar
1,384
6,245
1,384
6,245
United States Dollar
4,099
4,175
–
–
Singapore Dollar
10,552
68,748
–
–
Hongkong Dollar
829
–
–
–
Japanese Yen
633
–
–
–
For the purpose of the consolidated cash flow statement, cash and cash equivalents comprise the following at the end
of the reporting period:
Group
2014
2013
$’000
$’000
Cash and cash equivalents of the Group
480,170
274,333
Disposal group classified as held for sale (note 24)
4,502
21
484,672
274,354
29 SHARE CAPITAL
Group and Company
2014
2013
Number of
shares
Share
capital
Number of
shares
Share
capital
$’000
$’000
Ordinary shares issued and fully paid:
At 1 January
408,095,772
568,968
325,897,000
265,928
Issuance for acquisition of associates (note 13)
–
–
82,198,772
303,040
At 31 December
408,095,772
568,968
408,095,772
568,968
The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All ordinary shares
carry one vote per share without restriction. The ordinary shares have no par value.
128
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
