234
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
19 RESERVES
(continued)
Foreign currency translation reserve
Foreign currency translation reserve comprises exchange differences arising from the translation of financial statements of
foreign operations, share of currency translation reserve of foreign equity-accounted investees and exchange differences on
monetary items which form part of the Group’s net investment on foreign operations, provided certain conditions are met.
Dividends
After the reporting date, the following exempt (one-tier) dividends were proposed by the directors. These exempt (one-tier)
dividends have not been provided for.
Group and the Company
31/12/2015
30/6/2014
$’000
$’000
0.4 Singapore cents per qualifying ordinary share
6,622
–
20 NON-CONTROLLING INTERESTS
The following subsidiaries have non-controlling interests (“NCI”) that are material to the Group:
Country of
Ownership interest
Name of subsidiary
incorporation
held by the NCI
31/12/2015
30/6/2014
%
%
Chengdu Ruifeng Real Estate Development Co., Ltd.
PRC
20.0
–
(“Chengdu Ruifeng”)
Xi’an Perennial Cheng Tou West Real Estate Co., Ltd.
PRC
49.0
–
(“Xi’an West”)
Xi’an Perennial Cheng Tou East Real Estate Co., Ltd.
PRC
49.0
–
(“Xi’an East”)
Perennial Somerset Investors Pte. Ltd. and its subsidiaries
Singapore
49.8
–
(“Perennial Somerset”)
Perennial (CHIJMES) Pte. Ltd. and its subsidiaries
Singapore
48.4
–
(“Perennial CHIJMES”)
Perennial Tongzhou Development Pte. Ltd. and its subsidiaries
Singapore
47.4
–
(“Perennial Tongzhou Development”)
Perennial Hengqin Investment Group Pte. Ltd.
Singapore
33.3
–
(“Perennial Hengqin”)
