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Annual Report 2015
TEHO INTERNATIONAL INC LTD.
NOTES TO THE
FINANCIAL STATEMENTS
Year ended 30 June 2015
1 DOMICILE AND ACTIVITIES
TEHO International Inc Ltd. (the “Company”) is a company incorporated in Singapore with
limited liability. The address of the Company’s registered office is 1 Commonwealth Lane,
#09-23, One Commonwealth, Singapore 149544.
The financial statements of the Group as at and for the year ended 30 June 2015 comprise
the Company and its subsidiaries (together referred to as the “Group” and individually as
“Group entities”) and the Group’s interest in associates.
The Company is an investment holding company. The principal activities of the subsidiaries
are described in Note 6.
2 BASIS OF PREPARATION
2.1 Statement of compliance
The financial statements have been prepared in accordance with the Singapore Financial
Reporting Standards (“FRS”).
2.2 Basis of measurement
The financial statements are prepared on the historical cost basis except as otherwise
described in the notes below.
2.3 Functional and presentation currency
These financial statements are presented in Singapore dollars, which is the Company’s
functional currency.
2.4 Use of estimates and judgements
The preparation of the financial statements in conformity with FRSs requires management
to make judgements, estimates and assumptions that affect the application of accounting
policies and the reported amounts of assets, liabilities, income and expenses. Actual results
may differ from these estimates.
2 BASIS OF PREPARATION (CONT’D)
2.4 Use of estimates and judgements (cont’d)
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimates are revised and
in any future periods affected.
Information about critical judgements in applying accounting policies that have the most
significant effect on the amounts recognised in the financial statements is included in the
following note:
• Note 6
Consolidation: whether the Group has control over an investee;
Information about assumptions and estimation uncertainties that have a significant risk of
resulting in a material adjustment within the next financial year are included in the following
notes:
• Note 3.16
Estimation of provisions for current and deferred taxation;
• Note 4
Valuation of leasehold buildings;
• Note 5
Assumptions of recoverable amounts relating to goodwill and other
intangible assets;
• Note 6
Assumptions of recoverable amounts relating to investment in
subsidiaries;
• Note 8
Measurement of realisable amounts of inventories;
• Note 9
Measurement of realisable amounts of development properties; and
• Note 10
Assessment of the recoverability of trade receivables.
Measurement of fair values
A number of the Group’s accounting policies and disclosures require the measurement of
fair values, for both financial and non-financial assets and liabilities.
These notes form an integral part of the financial statements.
The financial statements were authorised for issue by the Board of Directors on 30 September 2015.
