94
Cordlife Group Limited
Annual Report 2016
Notes to
The Financial Statements
for the financial year ended 30 June 2016
19. Other receivables (cont’d)
Foreign exchange gain on loan to external party and bond receivable of $2,821,000 (2015: $2,355,000) and
$1,794,000 (2015: $1,331,000) are recognised in profit or loss respectively.
In the financial year ended 30 June 2016, the Group subscribed for a Class A Redeemable Convertible Note
(“RCN”) maturing 3 years from the issue date on 1 February 2019 in the principal amount of S$4,200,000 from
CellResearch Corporation Pte. Ltd. The RCN bears interest rate of three month SIBOR plus 7% per annum
payable annually in arrears. The financial instrument was bifurcated into a bond receivable and a conversion
option. As at 30 June 2016, the fair value of the conversion option is $nil.
20. Fixed deposits
2016
$’000
Group
2015
$’000
Company
2016
2015
$’000
$’000
Unpledged fixed deposits
53,399
12,256
47,567
11,949
Pledged fixed deposits
324
320
–
–
As at 30 June 2016, the Group’s unpledged fixed deposits will mature within two to twelve months (2015: six to
twelve months) and bear interest at an effective rate of 1.4% (2015: 1.7%) per annum.
Pledged fixed deposits which will mature in December 2016 (2015: December 2015) and bear interest at an
effective rate of 0.8% (2015: 0.7%) per annum are pledged to secure merchant credit card facilities.
21. Cash and cash equivalents
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Cash at bank and on hand
69,701
15,738
59,769
11,668
Cash and cash equivalents denominated in foreign currencies (i.e. in currencies other than the functional
currencies in which they are measured) as at 30 June are as follows:
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Singapore Dollar
186
117
–
–
Malaysian Ringgit
1,244
24
1,244
24
Swiss Franc
17
70
15
42
United States Dollar
7,702
2,181
7,700
2,170
Chinese Yuan
27
29
–
–
For the purpose of the consolidated statement of cash flows, only cash at bank and on hand are classified as
cash and cash equivalents.
