132
ANNUAL REPORT 2015/2016
NOTES
TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2016
(In Singapore dollars)
35. CAPITAL MANAGEMENT (CONT’D)
Group
Note
2016
$’000
2015
$’000
Bank borrowings
21
43,573
59,635
Finance lease payable
20
514
797
Less: Cash and cash equivalents
18
(24,967)
(44,135)
Net debt
19,120
16,297
Shareholders’ funds
105,664
128,960
Add: Non-controlling interests
7,710
9,390
Net capitalisation
132,494
154,647
Net debt gearing ratio
14%
11%
The Group is in compliance with all externally imposed capital requirements for the financial years ended 31 March
2016 and 31 March 2015.
36. AUTHORISATION OF FINANCIAL STATEMENTS FOR ISSUE
The financial statements for the financial year ended 31 March 2016 were authorised for issue in accordance with
a resolution of the Directors on 14 June 2016.
