30. SEGMENT INFORMATION (continued) Assets and liabilities Port Logistics Specialised Logistics E-commerce Logistics Total 31 December 2024 31 December 2023 31 December 2024 31 December 2023 31 December 2024 31 December 2023 31 December 2024 31 December 2023 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 Group Segment assets – Investment properties 264,502 308,428 137,377 157,187 311,847 340,014 713,726 805,629 – Trade and other receivables 73,307 36,883 2,265 3,200 92,773 57,712 168,345 97,795 Unallocated assets 5,008 101,856 Total asset 887,079 1,005,280 Segment liabilities 19,477 118,193 27,939 37,181 245,623 139,562 293,039 294,936 Unallocated liabilities – Borrowings 480,382 559,079 – Others 81,595 56,404 Total liabilities 855,016 910,419 31. NEW OR REVISED ACCOUNTING STANDARDS AND INTERPRETATIONS There are a number of standards, amendments to standards, and interpretations that are effective in future accounting periods and the Group has not decided to early adopt. The Group does not expect any of these standards upon adoption will have a material impact to the Group, except as disclosed below: FRS 118 Presentation and Disclosure in Financial Statements The FRS 118 replaces FRS 1 Presentation of Financial Statements and provides guidance on presentation and disclosure in financial statements, focus on the statement of profit or loss. SFRS 118 introduces: • New structure on statement of profit or loss with defined subtotals; • Disclosure related to management-defined performance measures (MPMs), which are measures of financial performance based on a total or sub-total required by accounting standards with adjustments made (e.g. ‘adjusted profit or loss’). A reconciliation of MPMs to the nearest total or subtotal calculated in accordance with accounting standards; and • Enhanced principles on aggregation and disaggregation of financial information which apply to the primary financial statements and notes in general. FRS 118 will take effect on 1 January 2027 and management anticipates that the new requirements will change the current presentation and disclosure in the financial statements. An impact assessment regarding the adoption of FRS 118 is still underway and has not yet been completed. EC WORLD REIT 124 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
RkJQdWJsaXNoZXIy NTkwNzg=