Asia-Pacific Strategic Investments Limited - Annual Report 2021

Notes to the Financial Statements For the financial year ended 30 June 2021

23

Borrowings (continued)

(c) Reconciliation of movements of liabilities to cash flows arising from financing activities is as follows:

Non-cash changes

1 July 2020 Foreign exchange movement S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 Proceeds from borrowings Principals and interest payments 30 June 2021 Additions Interest expenses

Borrowings

6,971

6,096 (2,422)

-

398

203 11,246

Lease liabilities

422

-

(465)

154

27

5

143

Non-cash changes

1 July 2019 Foreign exchange movement S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 Proceeds from borrowings Principals and interest payments 30 June 2020 Additions Interest expenses

Borrowings

-

6,966

(37)

-

37 41

5

6,971

Lease liabilities

740 #

-

(424)

65

*

422

* Less than S$1,000 # Represented the effect on adoption of SFRS(I) 16 Leases

24

Deferred income taxes

Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current income tax assets against current income tax liabilities and when the deferred income taxes relate to the same fiscal authority. There is no offsetting of deferred income tax assets and liabilities as at the end of the financial year. The amounts are shown on the balance sheet as follows:

Group

2021

2020

S$’000

S$’000

Deferred income tax liabilities - To be settled after one year

574

559

ASIA-PACIFIC STRATEGIC INVESTMENTS LIMITED

100