Singapore Airlines 2009 Annual Report Download - page 107
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105
2 Accounting Policies (continued)
(m) Long-term investments
Long-term investments held by the Group are classifi ed as available-for-sale. As there is no active market
for the trading of these investments and fair value cannot be reliably measured, these investments are
stated at cost. The accounting policy for this category of fi nancial assets is stated in Note 2(l).
(n) Trade debtors and other receivables
Trade debtors, including amounts owing by subsidiary, associated and joint venture companies, deposits
and other debtors are classifi ed and accounted for as loans and receivables. Other non-current receivables
are also classifi ed and accounted for in the same way. The accounting policy for this category of fi nancial
assets is stated in Note 2(l).
Further details on the accounting policy for impairment of fi nancial assets are stated in Note 2(r) below.
(o) Investments
Short-term investments held by the Group are classifi ed as available-for-sale and are stated at fair values.
Fair value is determined in the manner described in Note 2(l)(iii). For unquoted short-term investments
where there is no active market and where fair value cannot be reliably measured, they are measured
at cost less accumulated impairment losses. The accounting policy for this category of fi nancial assets is
stated in Note 2(l).
(p) Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, deposits in banks and short-term, highly liquid
investments that are readily convertible to known amounts of cash and which are subject to an insignifi cant
risk of changes in value.
For the purpose of the consolidated cash fl ow statement, cash and cash equivalents consist of cash on
hand and deposits in banks, net of outstanding bank overdrafts. The accounting policy for this category
of fi nancial assets is stated in Note 2(l), under loans and receivables.
(q) Impairment of non-fi nancial assets
The Group assesses at each reporting date whether there is an indication that an asset may be impaired.
If any such indication exists, or when annual impairment assessment for an asset is required, the Group
makes an estimate of the asset’s recoverable amount.