These notes form an integral part of the financial statements.
The financial statements were authorised for issue by the Board of Directors on 16 March 2016.
1
DOMICILE AND ACTIVITIES
TeleChoice International Limited (the “Company” or “TeleChoice”) is incorporated in the Republic of Singapore and has its place
of business at 5A Toh Guan Road East #06-02A, Singapore 608830.
The principal activities of the Company during the financial year are investment holding and those of wholesalers, retailers,
suppliers, importers, exporters, distributors, agents and dealers of mobile phones, prepaid cards, radio and telecommunication
equipment and accessories and the provision of related services. The principal activities of the subsidiaries are set out in Note
6 to the financial statements.
The immediate and ultimate holding companies are STT Communications Ltd (“STTC”) and Temasek Holdings (Private) Limited,
respectively. These companies are incorporated in the Republic of Singapore. Temasek Holdings (Private) Limited is wholly-
owned by the Minister for Finance, a body corporate constituted under the Minister for Finance (Incorporation) Act, Chapter
183 of Singapore.
The consolidated financial statements relate to the Company and its subsidiaries (referred to as the “Group”) and the Group’s
interest in a joint venture.
2
BASIS OF PREPARATION
2.1 Statement of compliance
The financial statements are 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 disclosed in the accounting policies set
out 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 policies and reported amounts of assets, liabilities, income and expenses. The
estimates and associated assumptions are based on historical experience and various other factors that are believed to be
reasonable under the circumstances, the results of which form the basis of making the judgements about carrying amounts
of assets and liabilities that are not readily apparent from other sources.
The 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.
61
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
