Creative 2011 Annual Report Download - page 40

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40
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
Available-for-sale nancial assets are analysed as follows:
Group Company
2011 2010 2011 2010
US$’000 US$’000 US$’000 US$’000
Listed equity securities 23,200 22,530 – –
Unlisted equity securities 13,276 11,365 – –
36,476 33,895 – –
The Group has recognised impairment losses of US$728,000 (2010: US$1,079,000) against securities whose fair values
were below cost during the nancial year.
16. OTHER NON-CURRENT RECEIVABLES
Group Company
2011 2010 2011 2010
US$’000 US$’000 US$’000 US$’000
Loan to associated company 460 582 – -
The loan to an associated company is unsecured and interest-free with no xed repayment terms.
Management has assessed the fair values of other non-current receivables and concluded that the fair values as at balance
sheet date approximate carrying values.
17. INVESTMENTS IN SUBSIDIARIES
Company
2011 2010
US$’000 US$’000
Equity investments at cost
Beginning of nancial year 248,086 248,854
Liquidations / disposals (14,600) (768)
End of nancial year 233,486 248,086
Accumulated impairment
Beginning of nancial year (202,696) (203,464)
Write-o – 768
End of nancial year (202,696) (202,696)
Net carrying value at end of nancial year 30,790 45,390
NOTES TO THE FINANCIAL STATEMENTS
For the nancial year ended 30 June 2011
15. FINANCIAL ASSETS, AVAILABLE-FOR-SALE (cont’d)