Property, Plant and Equipment

This is a group assignment that I did with my degree classmates lately. I would like to share it with the world. I hope this is useful.

1. Compare the property, plant and equipment of the 2 SGX listed companies, Breadtalk Group Ltd and Soup Restaurant Group Ltd, using different model (cost model and valuation model) to discuss the differences in recognition, measurement and presentation. (IAS 16)

A company’s assets are vital, but cannot be easily liquidated. In most companies’ financial statements, Property, Plant and Equipment (PPE) would be treated differently from one company to another. This is because of improvements, replacements, and betterments (Melville, 2014). Based on IAS 16, PPE should be initially recognized at cost which includes necessary cost to bring the asset to working condition for its intended use (IAS Plus, n.d).

For Breadtalk Group Ltd, from 2012 to 2013, Breadtalk’s PPE increases from $157,408,000 to $225,860,000 worldwide (Breadtalk Group Ltd, 2013). In terms of presentation, these are reflected in the Balance Sheet as the net book values, following the basic requirement of IAS 16. Therefore, the historical cost and total depreciation of the PPE is not presented here. The yearly depreciation amount is reflected in the cash flow statement instead. The method used for depreciation measurement is based on straight-line basis (Breadtalk Group Ltd, 2013). A more detailed measurement for PPE is then disclosed further in Notes 10. In the notes, Breadtalk classified their PPE and recognise them based on different types which are Leasehold Property and Land, Machinery and Equipment, Furniture and Fittings, Office Equipment, Renovation, Construction-In-Progress and Electrical Works (Breadtalk Group Ltd, 2013). These PPE groups are recognised individually at cost price. Further measurements which in turn will derive to the net book values includes disposal values, write offs, reclassifications, attributable to assets held for sale and translation difference (Breadtalk Group Ltd, 2013).

Soup Restaurant Group Ltd presented two financial statements in their 2013 annual report which consists of company accounts and group accounts. The group accounts figures will be used for analysis to make a fair comparison with Breadtalk Group Ltd. In the Soup Restaurant Group Ltd.’s group accounts, under the non-current assets, their Plant and Equipment increases from $3,979,873 to $4,736,186 from year 2012 to 2013 (Soup Restaurant Ltd, 2013). These figures are also based on net book values. Unlike Breadtlak Group Ltd, this company’s depreciation amount is reflected in their Income Statement under “Depreciation and Amortization” instead of being grouped together with many other expenses. Just like Breadtalk Group Ltd, the depreciation of plant and equipment is reflected in their cash flow statement under non-cash expense. In 2013, Soup Restaurant Ltd stated that they used straight line method for their depreciation. In the notes, the company recognised their PPE at cost price and these prices are be grouped in air-conditioners, computers, electrical equipment, furniture and fittings, kitchen equipment, machinery, motor vehicles, office equipment and renovation (Soup Restaurant Ltd, 2013). Further measurements include additions, disposals, written off and exchange differences (Soup Restaurant Ltd, 2013) in order to arrive to net book values. This method is the same as Breadtalk also.Lastly, since this company presented their group accounts, for the purpose of consolidated of cash flows, calculation for the Group’s addition to PPE was being comprised as well (Soup Restaurant Ltd, 2013).

To sum up, in terms of presentation, Breadtalk did not prepare the consolidated account because they are not a parent company. However, Soup Restaurant is a parent company of the subsidiary account. In terms of measurement, Breadtalk own properties that should be revaluated in every few years. Soup Restaurant, on the contrary, does not own any property. Since there are no depreciation for properties, we can conclude that Breadtalk depreciation expense over its’ total value of PPE may be lower than Soup Restaurant as a certain bulk of their PPE comes from property ownership.

References List

Breadtalk Group Ltd. (2013). Annual Report 2013. Retrieved 19 January, 2015, from
IAS Plus. (n.d.). Deloitte. Retrieved 19 January, 2015, from
Melville, A. (2014). International Financial Reporting: A Practical Guide (Fourth Edition ed.). United Kingdom : Pearson Education Limited.
Soup Restaurant Ltd. (2013). Annual Report 2013. Retrieved 19 January, 2015, from

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The Rescue Angel

The Rescue Angel

A broken lady, sobbing dejectedly at the sidewalk;

Then god sends an angel to heave away the pain.

The rescuer looked at her- concerned;

She suppressed her wild bawling and reformed her contorted face- ashamed!

The heavenly being came forth with her trusty aid for the wrecked heart.

Such persona was undeniably exquisite in every manner- her words dictated from the holy book.

It is from her does the lady learn countless blessings;

For that, the rescue angel will never be forgotten!

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Hopes and Words

I miss blogging! It has been SO long indeed! Here is my quick attempt on a short poetry:

Hopes and Words

Words, mere words,
Empty, mindless- so cruel!
Let it piss all over a
scarred hope!
Hope once raw and fresh,
Decayed and foul,
Then burns to ashes.



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Romeo & Juliet Films


I still remember doing William Shakespeare in my Secondary School years. I was in my lower Secondary at that time. I studied stories written by Mr Shakespeare and the attention was mainly focused on Romeo and Juliet. We did many projects based on that tale and the literature teacher showed the class the movie, Romeo + Juliet, starring Leonardo DiCaprio and Claire Danes in the leading roles. I remembered when my literature teacher said that the movie was the modern version of the play, with the use of guns and whatnot.



Call me old fashion but I prefer the 1968 film of Romeo and Juliet, starred Leonard Whiting and Olivia Hussey. I think the movie was more closely based on the original play and I just LOVED the lead actor and actress. They were just stunning! By the way, don’t you think that Leonard Whiting has a frightening resemblance of Zac Efron? Basically, I just loved this version better. Everything from the theme song to the scenes and to the casts makes this version seems perfect in my eyes.

Theme Song: A Time for Us

Snippets of the Movie





In addition, Hussey’s daughter is an actress too and she happened to be starring in one of my favourite movies, Underworld: Awakening. What a coincidence!

Official Trailer of Underworld: Awakening




Olivia Hussey's Family

Olivia Hussey's Family

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Application Question(AQ) on Singapore’s Progress

Answer the application question.

“To what extent do you agree with the views presented in the video by Lee Kuan Yew and how valid are these points considering the modern Singapore context? Support your answers with the views presented in the video and your understanding of the Singapore society.”

Former Prime Minister Lee Kuan Yew states that there is a need to limit some liberty in Singapore. By this, he means that it is necessary to restraint a few forms of freedom in Singapore. His stand is sensible in the modern Singapore context as being a multi-racial state, it is vital to restrict one’s liberty, especially the freedom of speech, in order to prevent from possible conflict among the different races. Despite being in the modern world, and the constant cries from the younger generations for their voice to be heard, Singaporeans are now growing more aware of the need to be wary of their actions in order to maintain peace and stability in the country. For example, schools in Singapore made it compulsory by the Ministry of Education (MOE) to carry out different talks, workshops and even lessons such as Social Studies to make a continuous effort in making the younger generation understand the need to restraint certain liberties for the sake of the country’s peace. Thus, it is possible to limit some liberty in the modern Singapore as the younger nations are being nurtured to understand such need.

What do you think? I highly appreciate constructive feedback from readers. Thank you.

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Blogging: 2011 in review

The stats helper monkeys prepared a 2011 annual report for this blog.

Here’s an excerpt:

The concert hall at the Sydney Opera House holds 2,700 people. This blog was viewed about 12,000 times in 2011. If it were a concert at Sydney Opera House, it would take about 4 sold-out performances for that many people to see it.

Click here to see the complete report.

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Review: AVON Naturals Hibiscus and Lemon Hand & Body Lotion

I have been using this lotion for weeks and I am ready to review it!!!


Pamper your skin with this moisturising hand and body lotion that leaves skin feeling soft, supple and smooth. Provides 24-hour moisture. Conditions, smoothes and moisturises skin with naturally inspired pampering fragrances.

Formula contains:

Hibiscus Flower Extract: known to be rich in Vitamin C that helps lighten the skin and known to help to remove dead skin cells and leave your skin feeling soft and smooth.

Lemon Juice: known to contain Vitamin C, an antioxidant that helps protect the skin from environmental damage.



At first sight, the packaging strikes me as dull and boring. Now, I learn to like the packaging. Even though it appears too simplistic, I think it looks fresh and clean. I really like the picture of the flower as it’s a little girly and it speaks of nature. 😉

The bottle


The lotion has a creamy texture that is neither too runny nor too thick. It is really comfortable and smooth on the skin.

Given its perfect consistency, it sinks into the skin very easily. If applied lavishly, it will take a little more effort to blend the lotion into the skin. After which, the skin will feel a little wet but not greasy. Give it around 10-15 minutes and the skin will finally dry as if no lotion is applied.

This is how it looks like when I blend the lotion onto my sister’s hand:


The smell is a PERFECT infusion of lemon and hibiscus. This smell fills my whole room upon application! It smells really soft and does not sting despite the lemon. If I applied lavishly, this lovely fragrance still lingers on me after an hour upon application. If I put my nose very close to my skin, I can still detect the smell after 2 hours or so!  One must know that this is NOT a perfume. Thus, I felt that the longevity of this lotion is really long!



My skin feels automatically moisturised upon application. This lotion definitely meets its expectation. It leaves my skin feeling soft, supple and smooth. My skin still feels fresh even after half through the day. J Given its great moisturising quality and the generous amount of 250ml per bottle, this lotion is worth every single cent of its price…or shall I say it is under priced? 😉

I highly recommend this lotion to those people with a budget and are looking for a hand and body lotion that has a decent quality.


P.S Special thanks to my younger sister, Dobel, for assisting me in this review. 🙂

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