Hotel Royal Limited - Annual Report 2015 - page 103

$118$/ 5(3257 )<
&5,7,&$/ $&&2817,1* -8'*(0(176 $1' .(< 6285&(6 2) (67,0$7,21 81&(57$,17<
,Q WKH DSSOLFDWLRQ RI WKH *URXS¶V DFFRXQWLQJ SROLFLHV ZKLFK DUH GHVFULEHG LQ 1RWH DERYH PDQDJHPHQW
LV UHTXLUHG WR PDNH MXGJHPHQWV HVWLPDWHV DQG DVVXPSWLRQV DERXW WKH FDUU\LQJ DPRXQWV RI DVVHWV DQG
OLDELOLWLHV WKDW DUH QRW UHDGLO\ DSSDUHQW IURP RWKHU VRXUFHV 7KH HVWLPDWHV DQG DVVRFLDWHG DVVXPSWLRQV DUH
EDVHG RQ KLVWRULFDO H[SHULHQFH DQG RWKHU IDFWRUV WKDW DUH FRQVLGHUHG WR EH UHOHYDQW $FWXDO UHVXOWV PD\
GLIIHU IURP WKHVH HVWLPDWHV
7KH HVWLPDWHV DQG XQGHUO\LQJ DVVXPSWLRQV DUH UHYLHZHG RQ DQ RQJRLQJ EDVLV 5HYLVLRQV WR DFFRXQWLQJ
HVWLPDWHV DUH UHFRJQLVHG LQ WKH SHULRG LQ ZKLFK WKH HVWLPDWH LV UHYLVHG LI WKH UHYLVLRQ DIIHFWV RQO\ WKDW
SHULRG RU LQ WKH SHULRG RI WKH UHYLVLRQ DQG IXWXUH SHULRGV LI WKH UHYLVLRQ DIIHFWV ERWK FXUUHQW DQG IXWXUH
SHULRGV
&ULWLFDO MXGJHPHQWV LQ DSSO\LQJ DFFRXQWLQJ SROLFLHV
5HFRUGLQJ RI IDLU YDOXDWLRQ JDLQV RQ SURSHUWLHV
0DQDJHPHQW KDV DGRSWHG D SROLF\ RI UHFRUGLQJ IDLU YDOXH JDLQV IRU ODQG RQ ZKLFK KRWHOV DUH VLWHG ZKLOH
PDLQWDLQLQJ WKH KRWHOV DQG HTXLSPHQW DW GHSUHFLDWHG FRVW
)DLU YDOXH FKDQJHV IRU LQYHVWPHQW SURSHUWLHV DUH GLVFORVHG LQ WKH ILQDQFLDO VWDWHPHQWV EXW DUH QRW UHFRUGHG
LQ WKH VWDWHPHQW RI ILQDQFLDO SRVLWLRQ
7KH DERYH DFFRXQWLQJ SROLFLHV DUH DOWHUQDWLYHV DYDLODEOH XQGHU WKH ILQDQFLDO UHSRUWLQJ VWDQGDUGV DQG
KDYH EHHQ FRQVLVWHQWO\ DSSOLHG E\ WKH *URXS
5HFRYHUDEOH DPRXQW RI LQYHVWPHQWV LQ VXEVLGLDULHV LQ WKH &RPSDQ\¶V VWDWHPHQW RI ILQDQFLDO SRVLWLRQ
7KH FDUU\LQJ DPRXQWV RI LQYHVWPHQWV LQ VXEVLGLDULHV LQFOXGLQJ DGYDQFHV WR VXEVLGLDULHV DQG GHHPHG
LQYHVWPHQWV DUH GLVFORVHG LQ 1RWH 0DQDJHPHQW KDV HYDOXDWHG ZKHWKHU WKHUH LV DQ\ LQGLFDWLRQ RI
LPSDLUPHQW E\ FRQVLGHULQJ ERWK LQWHUQDO DQG H[WHUQDO VRXUFHV RI LQIRUPDWLRQ DQG DUH VDWLVILHG WKDW WKH
FDUU\LQJ DPRXQWV RI LQYHVWPHQWV DUH UHFRYHUDEOH
7KHUH DUH QR RWKHU FULWLFDO MXGJHPHQWV DSDUW IURP WKRVH LQYROYLQJ HVWLPDWHV VHH EHORZ WKDW PDQDJHPHQW
KDV PDGH LQ WKH SURFHVV RI DSSO\ WKH *URXS¶V DFFRXQWLQJ SROLFLHV DQG WKDW KDYH VLJQLILFDQW HIIHFW RQ WKH
DPRXQWV UHFRJQLVHG LQ WKH ILQDQFLDO VWDWHPHQWV
.H\ VRXUFHV RI HVWLPDWLRQ XQFHUWDLQW\
7KH NH\ DVVXPSWLRQV FRQFHUQLQJ WKH IXWXUH DQG RWKHU NH\ VRXUFHV RI HVWLPDWLRQ XQFHUWDLQW\ DW WKH HQG RI
WKH UHSRUWLQJ SHULRG WKDW KDYH D VLJQLILFDQW ULVN RI FDXVLQJ D PDWHULDO DGMXVWPHQW WR WKH FDUU\LQJ DPRXQWV
RI DVVHWV DQG OLDELOLWLHV ZLWKLQ WKH QH[W ILQDQFLDO \HDU DUH GLVFXVVHG EHORZ
)UHHKROG KRWHO ODQG DW UHYDOXHG DPRXQWV 1RWH
0DQDJHPHQW HQJDJHV LQGHSHQGHQW SURIHVVLRQDO YDOXHUV WR DVVHVV WKH PDUNHW YDOXHV RI IUHHKROG KRWHO
ODQG RQ DQ DQQXDO EDVLV WR HQVXUH WKDW WKHLU UHYDOXHG FDUU\LQJ DPRXQWV DUH QRW PDWHULDOO\ GLIIHUHQW IURP
WKHLU IDLU YDOXHV DV DW HQG RI WKH UHSRUWLQJ SHULRG 7KH PDUNHW YDOXHV DV DW 'HFHPEHU
ZHUH DVVHVVHG
E\ LQGHSHQGHQW SURIHVVLRQDO YDOXHUV WDNLQJ LQWR DFFRXQW RSHQ PDUNHW YDOXHV RI FRPSDUDEOH SURSHUWLHV
LQ WKH UHVSHFWLYH FRXQWULHV LQ 6LQJDSRUH 0DOD\VLD DQG 7KDLODQG DQG SURMHFWHG RFFXSDQF\ UDWHV URRP
UDWHV RWKHU LQFRPH DQG H[SHQVHV RI WKH UHVSHFWLYH KRWHOV 7KH YDOXDWLRQ PHWKRGV DQG WKH VLJQLILFDQW
LQSXWV LPSDFWLQJ WKH HVWLPDWHV RI IDLU YDOXHV DUH GHVFULEHG LQ 1RWH
1...,93,94,95,96,97,98,99,100,101,102 104,105,106,107,108,109,110,111,112,113,...152
Powered by FlippingBook