Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
STAMFORD TYRES CORPORATION LIMITED
90 |
DRIVING IT UP
26.
Provisions (cont’d)
Group
2016
2015
$’000
$’000
Non-current liabilities:
Provision for reinstatement cost
At 1 May
682
640
Provision for the year
138
42
At 30 April
820
682
Provision for reinstatement cost refers to the estimated cost of dismantling, removing and restoring the
leasehold properties at the end of the lease term.
27.
Long-term loans (secured)
Group
Effective interest rate
2016
2015
2016
2015
%
%
$’000
$’000
Current (Note 24)
Singapore Dollar loans
3.63
3.18
5,330
4,208
Ringgit Malaysia loans
5.84
5.00
538
329
Thai Baht loans
7.26
6.92
88
502
Indonesian Rupiah loan
13.40
13.84
132
133
British Pound loan
1.58
1.49
65
67
6,153
5,239
Non-current
Singapore Dollar loans
3.63
3.18
37,862
31,291
Ringgit Malaysia loans
5.84
5.00
8,726
2,628
Thai Baht loans
7.26
6.92
237
347
Indonesian Rupiah loan
13.40
13.84
218
350
British Pound loan
1.58
1.49
23
92
47,066
34,708
