206
FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
30 SEPTEMBER 2015
11.
CAPITAL MANAGEMENT
The Company’s capital management objective is to ensure that it maintains a healthy capital ratio. The Company
manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To
maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholder, return
capital or issue new shares.
No changes were made in the objectives, policies or processes during the year/period ended 30 September
2015 and 30 September 2014.
The Company monitors capital using the net liabilities of the Company, which is total assets less total liabilities.
The net (liabilities)/assets of the Company as at 30 September 2015 and 2014 were (SGD 2,000) and SGD 3,000
respectively. As the Company is in a net liabilities position, the immediate holding company has agreed to
provide funds to meet its obligations as and when they fall due.
12.
COMPARATIVE FIGURES
The Company was incorporated on 13 January 2014. Accordingly, comparative amounts for the Statement of
Comprehensive Income, Cash Flow Statement and the related notes are not in respect of comparable periods.
The current financial year covers 12 months from 1 October 2014 to 30 September 2015 while the comparative
period covered 9 months from 13 January 2014 to 30 September 2014.
13.
AUTHORISATION OF FINANCIAL STATEMENTS
The financial statements for the financial year ended 30 September 2015 were authorised for issue in accordance
with a resolution of the directors on 5 November 2015.
