Asia-Pacific Strategic Investments Limited - Annual Report 2021

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

13

Trade and other receivables (continued)

(b) The non-trade amounts due from subsidiary corporations are unsecured, interest-free and are repayable on demand, except for the non-trade amount due from a subsidiary corporation of S$24,892,000 (2020: S$6,700,000) which bears an interest of 8% (2020: 8%) per annum.

The fair value of non-current other receivables is computed based on cash flows discounted at market borrowing rate. The fair value and market borrowing rates used are as follows:

Fair value

Borrowing rate

2021

2021

2020

2020

S$’000

S$’000

Group Other receivables - Non-related parties

9,794

2.3%

-

-

Company Other receivables - Subsidiary corporation

-

-

18,114

6%

14

Inventories

Group

2021

2020

S$’000

S$’000

At cost Food, beverage and other hotel supplies

187

183

The cost of inventories recognised as expense and included in “cost of sales” amounted to S$326,000 (2020: $262,000).

15

Other current assets

Group

Company

2021

2021

2020

2020

S$’000

S$’000

S$’000

S$’000

90

90 34

Deposits

111

108

1,590 1,680

Prepayments

1,529 1,640

25

124

133

ANNUAL REPORT 2021

85