SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
83
Year ended 31 March 2015
NOTES TO THE
FINANCIAL STATEMENTS
30. Operating lease income commitments – as lessor
At the end of the reporting year the total of future minimum lease receivables committed under non-cancellable
operating leases are as follows:
Group
2015
2014
HK$’000
HK$’000
Not later than one year
–
505
Later than one year and not later than five years
–
1,606
Rental income for the year
–
478
Operating lease income commitments are for the investment property which had been reclassified as assets held
for sale.
31. Contingent liabilities
Company
2015
2014
HK$’000
HK$’000
Corporate guarantee issued by the company to secure banking facilities for
the subsidiaries
15,508
47,986
32. Changes and adoption of financial reporting standards
For the current reporting year the following new or revised Singapore Financial Reporting Standards were adopted.
The new or revised standards did not require any material modification of the measurement methods or the
presentation in the financial statements.
FRS No.
Title
FRS 27
Consolidated and Separate Financial Statements (Amendments to)
FRS 27
Separate Financial Statements (Revised)
FRS 28
Investments in Associates and Joint Ventures (Revised) (*)
FRS 36
Amendments to FRS 36: Recoverable Amount Disclosures for Non-Financial Assets (relating to
goodwill) (*)
FRS 39
Amendments to FRS 39: Novation of Derivatives and Continuation of Hedge Accounting (*)
FRS 110
Consolidated Financial Statements
FRS 110
Amendments to FRS 110, FRS 111 and FRS 112
FRS 111
Joint Arrangements (*)
FRS 112
Disclosure of Interests in Other Entities
INT FRS 121
Levies (*)
(*) Not relevant to the entity.
