Asia-Pacific Strategic Investments Limited - Annual Report 2021

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

20

Leases

The Group and the Company as a lessee

Nature of the Group and the Company’s leasing activities

Property

The Group and the Company lease office space for the purpose of back office operations.

Vehicle

The Group and the Company lease a vehicle for the purpose of back office operations.

(a)

ROU assets classified within Property, plant and equipment

Leasehold land and buildings

Vehicles and equipment

Total

S$’000

S$’000

S$’000

Group 2021 Beginning of financial year

385

17

402 154

Addition

-

154

Depreciation

(329)

(81)

(410)

Currency translation differences

5

-

5

61

90

151

End of financial year

2020 Beginning of financial year, on adoption of SFRS(I) 16 Leases

623

117

740

Additions

65

-

65

Depreciation

(303)

(100)

(403)

Currency translation differences

*

-

*

385

17

402

End of financial year

Company 2021 Beginning of financial year

282

17

299 154

Addition

-

154

Depreciation

(282)

(81)

(363)

-

90

90

End of financial year

2020 Beginning of financial year, on adoption of SFRS(I) 16 Leases

565

117

682

Depreciation

(283)

(100)

(383)

282

17

299

End of financial year

* Less than S$1,000

ANNUAL REPORT 2021

95