Asia-Pacific Strategic Investments Limited - Annual Report 2021

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

7

Other gains/(losses), net

Group

2021

2020

S$’000

S$’000

(125)

Bad debts written-off

(507)

1,323

Currency exchange gain - net

37

72

Dividend income

244

(1,097)

Fair value losses on financial assets, at FVPL

(444)

Government grant* - Jobs Support Scheme

58 49

46

- Others

2

107

48

(84)

Loss on disposal of financial assets, at FVPL

(455)

241 122

Rental income

73

Write-back of commission payables

686

67

Others

39

626

(279)

* There are no conditions attached to the government grant.

8

Finance expenses

Group

2021

2020

S$’000

S$’000

Interest expense on: - Bank borrowings

398

37 41 78

27

- Lease liabilities (Note 20(b))

425

ANNUAL REPORT 2021

81