Notes to the Financial Statements
Year ended 31 December 2014
TIH Limited
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TIH Limited
These notes form an integral part of the financial statements.
The financial statements were authorised for issue by the Board of Directors on 25 February 2015.
1
Domicile and activities
TIH Limited (the “Company”), formerly known as Transpac Industrial Holdings Limited, is incorporated
and domiciled in Singapore and its shares are publicly traded on the Singapore Exchange Securities
Trading Limited (“SGX-ST”). The address of its registered office is at 137 Telok Ayer Street, #03-07,
Singapore 068602.
The principal activity of the Company is to invest, for capital appreciation, in securities of growing private
companies located in Asia including principally China/Hong Kong SAR, Taiwan, Singapore, Malaysia,
Thailand and Indonesia.
The investments that are accounted for as subsidiaries are further explained in Note 3.1.
The consolidated financial statements relate to the Company and its subsidiaries (referred to as the
“Group”).
2
Basis of preparation
2.1 Statement of compliance
The financial statements have been prepared in accordance with Singapore Financial Reporting Standards
(FRS).
2.2 Basis of measurement
The financial statements have been 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.
All financial information presented in Singapore dollars has been rounded to the nearest thousand, unless
otherwise stated.
2.4 Use of estimates and judgements
The preparation of 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.
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 Note 3.1(i) – determining whether the
Company meets the definition of an investment entity.
