BALANCE
SHEET
as at 31 December 2008
   
Group
Company
 
Notes
2008
S$’000
2007
S$’000
2008
S$’000
2007
S$’000
Non-current assets:
Fixed assets
10
612,870
636,664
610,806
635,333
Licences and spectrum
rights
11
79,263
82,558
79,263
82,558
Staff loans
12
871
752
871
752
Interests in subsidiaries
13
-
-
2,340
3,585
   
693,004
719,974
693,280
722,228
Current assets:
Inventories
15
8,504
8,370
609
295
Trade debtors
16
69,236
80,824
67,804
79,741
Other debtors
17
9,227
10,188
6,571
5,915
Prepayments
5,732
4,059
5,491
3,906
Due from related parties
18
186
66
186
2,489
Cash and cash
equivalents
19
17,787
23,087
17,548
22,926
   
110,672
126,594
98,209
115,272
Current liabilities:
Creditors and accruals
20
(156,377)
(173,017)
(144,682)
(157,403)
Unearned revenue
(24,365)
(25,001)
(24,344)
(25,001)
Due to related parties
18
(4,568)
(6,302)
(6,675)
(10,867)
Borrowings
21
-
(35,000)
-
(35,000)
Derivative liabilities
29
(2,627)
(314)
(2,627)
(314)
Tax payable  
(42,603)
(48,086)
(42,479)
(48,008)
   
(230,540)
(287,720)
(220,807)
(276,593)
Net current liabilities  
(119,868)
(161,126)
(122,598)
(161,321)
Non-current liabilities:
Borrowings
21
(250,000)
(250,000)
(250,000)
(250,000)
Deferred tax liabilities
7
(99,904)
(106,937)
(99,777)
(106,809)
Net assets  
223,232
201,911
220,905
204,098
Represented by:
Share capital
22
116,212
114,439
116,212
114,439
Hedging reserve
23
(2,155)
(257)
(2,155)
(257)
Share option reserve
6,098
5,011
6,098
5,011
Retained profits  
103,077
82,718
100,750
84,905
Total equity  
223,232
201,911
220,905
204,098






The accompanying accounting policies and explanatory notes form an integral part
of the financial statements.