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SEE HUP SENG LIMITED
Annual Report 2012
85
Notes to the Financial Statements
31 DECEMBER 2012
35 Segment Information (Continued)
(d) Geographical information
The Group operates in four principal geographical areas – Singapore (country of domicile), rest of South
East Asia, North East Asia, South Asia and others.
The Group’s revenue from continuing operations from external customers and information about its non-
current assets by geographical location are detailed below:
Group’s revenue
from external customers
Group’s
non-current assets
Year
ended 2012
Year
ended 2011
As at
31/12/12
As at
31/12/11
S$’000 S$’000 S$’000 S$’000
Singapore 155,857 148,245 42,784 37,249
Rest of South East Asia 51,869 43,367 9 14
North East Asia 36,513 38,230 272 813
South Asia 8,352 12,280 – –
Others 4,326 3,311 – –
256,917 245,433 43,065 38,076
Non-current assets excludes investment in associates, loan receivable from associate, long term portion
of the other receivables and prepayments and financial assets, available for sale.
(e) There was no single individual customer who contributed significantly to the Group’s revenue.
36 Financial Instruments
The main risks arising from the Group’s financial instruments are interest rate risk, credit risk, liquidity risk and
foreign currency risk. The Board reviews and agrees policies for managing each of these risks and they are
summarised below:
(a) Financial Risk Management Objectives and Policies
(i) Interest rate risk
The Group obtains accounts receivable financing, letters of credit, trust receipts and overdraft
facilities and term loans from banks. The Group’s policy is to obtain the most favourable interest
rates available. Surplus funds are placed with reputable banks.
The tables below set out the Group’s exposure to interest rate risks. Included in the tables are
the assets and liabilities at carrying amounts, categorised by the earlier of contractual repricing
or maturity dates.