NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
14. Investment securities
Held-to-maturity investment in corporate bonds were made for varying coupon rates ranging from 3.15% to 7.0% (2013: 3.15%
to 6.0 %) per annum, with maturity dates ranging from 2016 to 2026.
15. Contract work-in-progress/(progress billings in excess of work-in-progress)
Group
2014
2013
S$’000
S$’000
Non-current
Held-to-maturity investments (quoted)
23,809
16,558
Available-for-sale financial assets
Equity instruments (quoted)
1,252
989
25,061
17,547
Current
Held-to-maturity investments (quoted)
–
3,508
Financial assets at fair value through profit or loss
Equity instruments (quoted)
2,710
2,989
2,710
6,497
Group
2014
2013
S$’000
S$’000
Aggregate amount of costs incurred and recognised profits to date
882,113
770,350
Less: Progress billings
(881,139)
(824,323)
974
(53,973)
Presented as:
Contract work-in-progress
4,644
4,297
Progress billings in excess of work-in-progress
(3,670)
(58,270)
974
(53,973)
Retention sums receivable on construction contracts
included in trade receivables
9,371
16,309
Hock Lian Seng Holdings Limited
Annual report 2014
75
