80
GoodLand Group Limited
32 Segment Information (cont’d)
Unallocated other income and expenses (cont’d)
The unallocated assets and liabilities are as follows:
Group
2012
S$
2011
S$
Unallocated assets:
Property, plant and equipment
7,984,619
1,049,341
Investment in associated companies
3,087,970
2,876,766
Trade and other receivables
733,922
1,916,773
Other current assets
201,726
97,493
Financial assets, at fair value through proft or loss
164,221
114,095
Cash and bank balances
18,100,248
12,949,838
30,272,706
19,004,306
Unallocated liabilities:
Trade and other payables
6,144,417
3,791,434
Income tax payables
2,677,012
829,036
Finance lease liabilities
49,040
97,440
Borrowings
15,124,260
1,500,000
23,994,729
6,217,910
33 Subsequent Events
(i) Pursuant to option to purchase agreements entered into subsequent to the fnancial year ended 30
September 2012, the Group exercised its options on 3 December 2012 to purchase the properties at Marne
Road, Singapore for the total sum of S$41,762,000. The acquisition was for the purposes of growing the
Group’s land bank and the property is intended for eventual redevelopment and sale.
(ii) Subsequent to the fnancial year, the Company entered into sale and purchase agreements with third
parties for the sale of the properties amounting to S$13,850,000.
(iii) On 5 December 2012, the Group announced the incorporation of two wholly-owned subsidiaries,
Goodland Glory Pte. Ltd. and Goodland Harvest Pte. Ltd., with an issued and paid-up share capital of S$1
each. Goodland Glory Pte. Ltd. and Goodland Harvest Pte. Ltd. will principally be engaged in real estate
investment and development.
(iv) On 27 November 2012, the Company announced and proposed to declare a fnal tax-exempt (one-tier)
dividend of S$0.005 per share for the fnancial year ended 30 September 2012.
Notes to the Financial Statements
30 September 2012