Taisin Ar2014

Building a
Safer
Tomorrow
Through A Shared
Vision
A nnual Report 2014
Contents
01 ABOUT US 15 Corporate Structure
03 Our renewed group corporate vision 16 Board of Directors
04 BUSINESS DIVISIONS 18 Key Management
05 Financial Highlights 20 CORPORATE INFORMATION
06 Cable & Wire Segment 21 CORPORATE GOVERNANCE
07 Switchboard Segment 28 FINANCIAL STATEMENTS
08 Electrical material Distribution Segment
09 Test & Inspection Segment
10 CHAIRMANS STATEMENT
ABOUT US
Tai Sin Electric Cables Manufacturer Pte Ltd was established
with foresight and determination as a cable manufacturing
business in 1980. Today, after over 30 years of strategic
expansion and diversification, Tai Sin has emerged as a
leading and trusted Industrial Group in Southeast Asia. Listed
on the Stock Exchange of Singapore, SESDAQ in 1998, the
exceptional growth and operational excellence was rewarded
with a transfer to the SGX Main Board in 2005.
Presently known as Tai Sin Electric Limited Group of

Companies, the business is streamlined into four Business
Divisions namely Manufacturing, Distribution, Services and
Strategic Investment. These divisions are well designed to
meet the specific needs of our diverse customers ranging
from end-users to contractors, manufacturers, system
integrators, engineers and consultants. The business mix of
the divisions has allowed the Group to continue to achieve
growth during difficult times.
The Group operates a highly successful network distributing

electrical and control products, accessories and solutions to
a wide range of local and regional industries which includes
Malaysia, Vietnam, Brunei and Indonesia.
TAI SIN ELECTRIC LIMITED 01

Building a
Safer Tomorrow
Through A Shared Vision
A sustainable, safer tomorrow is well within reach. And for Tai Sin, it is already ripe for the taking.
Harnessing all strength from its core, Tai Sin imbibes integrity through its high regard for loyalty through the
upholding of corporate honesty and its ultimate expression, the practice of good business ethics.
Putting product quality and service excellence in precedence, Tai Sin exudes reliability seen through the
consistent fulfillment of our corporate duties.
Tai Sin defines unity by embracement of teamwork through customer partnership. Our partnership is marked
by mutual respect; we make good at communicating and acquiring knowledge from our patrons. This had
allowed achievement to be experienced, not only by us, but also by our customers whom we aim to efficiently
serve.
Guided by these core principles, Tai Sin caters to three key venues: our business as defined by profitability
and cost saving, the environment that imbues in Tai Sin a consciousness that takes into consideration of the
environmental impact of our proposed solutions and, of course, the society that we exist for.
All these configure to build a stronghold of sustainability that allows Tai Sin to achieve a more efficient and
safer tomorrow.
ECONOMIC
SUSTAINABILITY
ENVIRONMENT
SOCIAL
02 ANNUAL REPORT 2014

Our renewed group
corporate vision
Our Mission Our Core Values
We Are Committed In Contributing To A Safer Integrity
Tomorrow Through Our Products And Services. We Treasure Loyalty, Uphold Honesty,
We Believe In Sustainable Development For And Practise Good Business Ethics
Our Business And People, While Protecting The
Environment And Contributing To Society Reliability
We Uphold Service Excellence, Take Pride In Our
Product Quality And Ensure Commitments Are
Our Vision Duly Fulfilled
To Be A Leading Industrial Group That
Contributes To A Safer Tomorrow Unity
We Embrace Teamwork, Harmony And
Mutual Respect With Our Customers, Suppliers,
And Employees
S TAI NABILIT
S U Y
E
S
NV
ES
IRO
BU S I N
NM
SAFER
EN T
TOMORROW
S O CI A L

Business DIVISIONS
Manufacturing Division
Cable & Wire (C&W) Segment

Tai Sin Electric Limited
Tai Sin Electric Cables (Malaysia) Sdn Bhd
Tai Sin Electric Cables (VN) Co Ltd
Switchboard (SB) Segment
PKS Sdn Bhd
Distribution Division
Electrical Material Distribution (EMD) Segment

Lim Kim Hai Electric Co (S) Pte Ltd
Precicon D&C Pte Ltd
LKH Power Distribution Pte Ltd
Lim Kim Hai Electric (VN) Co Ltd
Services Division
Test & Inspection (T&I) Segment

CAST Laboratories Pte Ltd
CiPGi Pte Ltd
Castconsult Sdn Bhd
PT Cast Laboratories Indonesia
Strategic Investment Division
Nylect International Pte Ltd

Tai Sin Electric International Pte Ltd
Tai Sin (Vietnam) Pte Ltd
LKH Electric (M) Sdn Bhd

Financial Highlights
Turnover
(S$m)
FY14 307.35
FY13 305.33
FY12 279.00
FY11 246.76
FY10 200.40
Profit Before Income Tax

(S$m)
FY14 26.21
FY13 24.16
FY12 22.16
FY11 13.03
FY10 10.63
Shareholders Funds
(S$m)
FY14 141.79
FY13 129.59
FY12 113.10
FY11 98.72
FY10 98.91
Net Asset Value Per Share

(cents)
FY14 32.56
FY13 29.76
FY12 27.33
FY11 24.69
FY10 25.40
EPS
(cents)
FY14 4.96
FY13 4.86
FY12 4.28
FY11 2.54
FY10 2.05

CABLE & WIRE SEGMENT
The Cable & Wire (C&W) Segment comprises three
MISSION companies, namely Tai Sin Electric Limited, Tai Sin Electric
Cables (Malaysia) Sdn Bhd and Tai Sin Electric Cables (VN)
We are committed to a safer environment through being a Co Ltd. This segment is primarily involved in the design,
responsible and dependable cable producer. development, manufacture and trading of cables and wires.
With staff strength of 270 and a total gross floor area of 23,210
VISION square metres across Singapore, Malaysia and Vietnam, this
segment has the capability to manufacture 1,600 metric
To be a leading quality cable producer in Southeast Asia. tonnes of copper monthly.
This segment stocks a wide range of Power, Control,

Core Values Instrumentation and Fire Resistant & Flame Retardant Cables
Integrity for use in all areas of electrical and instrumentation installation
We treasure loyalty, uphold honesty, and practise good for commercial, residential, industrial and infrastructure
business ethics. projects.
Reliability
We uphold service excellence, take pride in our product
quality and ensure commitments are duly fulfilled.
Unity Segment Information

We embrace teamwork, harmony and mutual respect with
our customers, suppliers, and employees. Total staff strength: 270
Total gross floor area: 23,210 square metres
Total production capacity 1,600 metric tonnes of

(max): copper monthly

SWITCHBOARD SEGMENT
The Switchboard (SB) Segment is represented by PKS Sdn
MISSION Bhd (PKS). It was set up in Brunei Darussalam in 1989 to
engage in the design and manufacture of high quality
We are committed to providing a one-stop, integrated switchgears. Since its incorporation, PKS has grown from
switchgear solution. With our experience, we will continue strength to strength in line with the Brunei governments call
to provide customisable switchgear that are both innovative
for national industrialisation, and has over the last 20 years
and of exceptional quality to our customers in commercial
& residential buildings, infrastructure, industrial and oil & gas established a solid reputation as one of the leading players in
industries. the switchgear manufacturing arena.
PKS carries a wide range of switchgear products for use in

VISION large buildings and industrial installations. These include low
To be the leading manufacturer of low voltage switchgears voltage main and sub switchboards, distribution boards and
in Brunei. control panels, amongst others. All the products undergo
stringent quality controls to ensure a high standard of market
competitiveness.
Core Values
Integrity
We treasure loyalty, uphold honesty, and practise good
business ethics.
Segment Information
Reliability
Strong commitment to meeting, fulfilling and surpassing the Total staff strength: 50
requirements of the customer.
Unity
We believe in building a competent team that maintains a
high level of service.

ELECTRICAL MATERIAL DISTRIBUTION SEGMENT
MISSION The Electrical Material Distribution (EMD) Segment comprises
four companies, namely Lim Kim Hai Electric Co (S) Pte Ltd,
We are committed to providing Safe And Save electric LKH Power Distribution Pte Ltd, Precicon D&C Pte Ltd and
solutions through partnership with stakeholders. Lim Kim Hai Electric (VN) Co Ltd.
This Segment focuses on maintenance, repair and operations

VISION (MRO) with electrical needs for various industries including the
To be a leading electric solutions provider in Southeast Asia. oil & gas cluster. It also specialises in industrial automation,
panel, switchboard, power quality products & systems and
power transmission solutions including cabling and electrical
Core Values accessories, as well as lighting and energy monitoring
solutions.
Integrity
We uphold honesty, practise good business ethics and
comply to country laws and regulations at all times. This Segment enjoys a long, illustrious history stretching back
to 1958. Today, together with its subsidiaries and 200 staff,
We develop individual and team character and virtue in the it has established itself as Singapores leading distributor of
workplace, create and maintain a culture of integrity. electrical, control products and accessories.
Reliability
We take ownership and initiative; to drive continuous
improvement, innovation, active contribution with
professionalism.
Segment Information
We take pride in providing good quality of work, and ensure
that all our commitments are duly fulfilled. Total staff strength: 200
We uphold service excellence and quality. Total gross floor area: 8,910 square metres
Unity
We embrace teamwork and establish customer partnership.
We work as a team harmoniously with respect and cultivating

strong relationship.
We believe in learning and communication to encourage new

ideas and changes.

TEST & INSPECTION SEGMENT
MISSION The Test & Inspection (T&I) Segment, which provides more
than 250 accredited testing services for materials ranging
We are committed to a safer environment through providing from concrete to soil and asphalt premixes, is anchored
reliable testing and inspection services. primarily by Cast Laboratories Pte Ltd (CAST Lab) and its
three subsidiaries, namely, in Singapore; CiPGi Pte Ltd, in
VISION Malaysia; CASTconsult Sdn Bhd and in Indonesia; PT CAST

Laboratories Indonesia.
To be a leading testing and inspection provider in Southeast
Asia. CAST Lab was established in 1981 as a small concrete testing
facility. Today, CAST Lab group employs over 480 staff and
has established itself as a highly trusted testing laboratory
Core Values group in the region that is recognised by government bodies
Integrity and industry leaders.
We uphold honesty and ethical business conduct.
This segment provides independent testing, inspection
We ensure reliable and accurate test results by reporting and certification services that meet local and international
factually at all times. standards. The creditability and accuracy of its reports is why
many companies in Singapore, Malaysia and Indonesia rely
Reliability
We take pride in providing quality work. upon its comprehensive range of services.
We are committed to service excellence and professionalism.
Unity
We embrace collaborative partnerships within our company Segment Information
and with our customers.
We believe in sustainability for our business, people, the Total staff strength: 480
environment and society.

CHAIRMAnS STATEMENT
well as reduced losses from the ongoing LTA contracts, all
contributed to the increase in profit for this segment.
Meanwhile, our Electrical Material Distribution (EMD)

Segment continued to perform commendably but this
segments full year sales and profit suffered a decline. This is
due to the disposal of Vynco Industries (NZ) Limited during
the year.
Group profit before income tax grew 8.51% to $26.21 million

for the year under review, from $24.16 million in the previous
year. Net profit was $22.85 million, a rise of 8.22%. Earnings
per share reached 4.96 cents, from 4.86 cents for the year
before.
Financially, the Groups position continues to look healthy

with a creditable balance sheet. Our cash and cash
equivalents amounted to $22.23 million at the end of the
financial year, compared with $23.57 million previously. Bank
overdrafts and short-term bank borrowings were reduced
from $36.11 million to $25.59 million.
The net asset value of the Group continued to be strong

at equivalent of 32.56 cents per share, compared to 29.76
Dear Shareholders, cents per share previously.
I am pleased to report that Tai Sin Group registered

commendable results for the financial year ended June 30, OPERATIONS REVIEW
2014.
Cable & Wire (C&W) Segment
This was achieved against a backdrop of continued
The C&W Segment saw its revenue reach $175.28 million, an
economic uncertainty and a more competitive market.
increase of 3.56% compared to the previous year.
With improved contributions from the Cable & Wire (C&W)

Singapore remains as the biggest market for this Segment.
and Test & Inspection (T&I) Segments, Group turnover
Sales from the commercial & residential sector rose by 30%.
increased marginally to $307.35 million as compared to the
This sectors business continued to do well, as the cooling
previous years $305.33 million.
measures introduced by the government affected primarily
private developments. Sales from the industrial sector was
The C&W Segment continued to be the main contributor,
up 19%, while revenue from the infrastructure sector slid
contributing 57.03% to the Groups turnover. During the
35% due to the completion of deliveries for existing contracts
year under review, this segment registered more sales from
secured earlier.
commercial, industrial and housing projects in Singapore as
well as from the exports sector. This is in comparison with
This Segments turnover growth is also attributable to
the previous year when its revenue came mainly from the
a rise in cable and wire exports to Myanmar, Cambodia
infrastructure sector.
and Australia. Steady revenue year-on-year was due to
delivery of consistently high quality and reliable customised
The T&I Segment, which grew from the acquisition of CAST
products for a wide range of applications that meet stringent
Laboratories Pte Ltd and its subsidiaries (CAST Lab Group)
international safety standards for infrastructure, industrial,
in 2012, also contributed significantly to overall performance.
commercial, residential, offshore and marine projects.
This segment turned in a profit in comparison to the previous
financial year. Streamlining of jobs, reduction in labour as

This Segment has also been more innovative in its sales To provide for this Segments expanding operations, CAST
approach not only to realise better yield from contracts, Lab Group in June 2014 entered into an agreement to
but to provide greater customer satisfaction. This has been purchase a property in Tuas Avenue 8 for $7.65 million.
achieved by maximising the core production capabilities of
its regional Tri-Plant Axis strategy to supply customers with In Singapore, the T&I Segment plans to widen its offering
products according to their needs and expectations. of calibration and mechanical testing services and is in
the process of expanding its laboratory facilities. To grow
Electrical Material Distribution (EMD) Segment its Malaysian business, it will add non-destructive testing
Sales revenue from this segment totaled $91.10 million, a (NDT) to the range of cube and material testing and soil
decline of 5.23% from the previous financial year, as it investigation services that it already offers in the country.
includes only 6 months of revenue from Vynco Industries
(NZ) Limited, which was fully divested on December 31, Singapore will remain its key market, but it intends to continue
2013. The disposal of Vynco also impacted this Segments expanding into the region. In Malaysia, it will leverage on its
gross profit for the year. client connections to tap on the oil and gas maintenance
market in Bintulu, Sarawak.
Going forward, this Segment expects continued growth in
financial year 2015 albeit at a slower pace as the Electronics For the Indonesian market, T&I plans to use Batam as the
Clusters performance is slated to taper off. springboard to introduce more services to the rest of the
country, including Sumatra, Java and Kalimantan. It has
Overall, this Segment has been re-aligning its business also set its sights on markets in Indochina, with the view to
development strategy. Instead of supplying only components leverage on the client relationship and synergy of other Tai
and products, it now offers packaged total solutions with Sin Group entities in those countries.
value-added services to ensure higher customer satisfaction.
It is also positioned to ensure it has a good spread of brands,
products and services to provide clients with one-stop CHANGES TO GROUP OPERATING UNITS
service convenience.
During the year under review, there were several changes to
At the same time, this Segment has been sourcing for a some of the Groups operating units.
wider range of products, accessories and systems to enable
the bundling of a wider choice of solutions to clients and to On December 31, 2013, the Groups wholly-owned
establish a more sustainable business model. Included in subsidiary Lim Kim Hai Electric (S) Pte Ltd disposed of its
this Segments strategic thrust is the focus on developing entire 77.29% interest in Vynco Industries (NZ) Limited for
green solution packages for environmentally-conscious NZ$2.5 million.
building and facilities owners in both the public and private
sectors. In March 2014, CAST Lab Group disposed of its entire 45%
shareholding in CAST (Thailand) Co Ltd.
Test & Inspection (T&I) Segment
In April 2014, CAST Lab Group acquired an additional 66%
For this financial year, it has achieved an increase of 5.81% in
interest in PT CAST Laboratories Indonesia, bringing its total
turnover to $29.39 million compared to the previous financial
shareholding in the company to 95%.
year. Profit before income tax exceeded $2 million within two
years of our consolidation of this Segments accounts under
By June 30, 2014, we initiated the voluntary liquidation of two
the Group in 2012.
inactive Malaysian companies, namely Equalight Resources
Sdn Bhd and LKH Lamps Sdn Bhd, both wholly-owned
This Segments growth was driven by continued strength in
subsidiaries of Tai Sin Group.
Singapores construction sector and additional contributions
from the local shipyards. Besides, the pavement and site
testing units achieved significantly higher sales revenue
without substantial increase in direct costs. Within the region,
contracts from its oil & gas customers located in Bintulu,
Sarawak also contributed positively to this Segments
bottom line.

CHAIRMAnS STATEMENT
MANAGEMENT CHANGES With the vision of becoming A leading industrial group that
contributes to a safer tomorrow, this corporate mantra
On July 1, 2013, several top management changes took commits the Group to supply products and solutions that
place at the Group and subsidiary levels. contribute to a safer living and working environment, and to
be environmentally-friendly and socially responsible for the
Mr. Bobby Lim stepped down as Managing Director as sustainable development of its business and the community
part of the Groups succession planning. His duties and that it serves.
responsibilities were taken over by Mr. Bernard Lim, who
was promoted to the position of Chief Executive Officer In addition, the Groups core values require every employee
(CEO). Mr. Bobby Lim continues to serve in the capacity of to uphold Integrity (honest and ethical practices), Reliability
Executive Director to facilitate the transition. (professionalism, ownership, service excellence and quality)
and Unity (respect, teamwork & harmony, communication
At the subsidiary level, Mr. Ong Wee Heng, Executive and customer partnership) in their business dealings.
Director and General Manager of Lim Kim Hai Electric Co (S)
Pte Ltd was promoted to CEO, taking over from Mr. Chia Ah Every business segment in the Group has further streamlined
Heng (whose position then was Managing Director). Mr. Chia its business operations to support this new corporate thrust.
assumed the position of Deputy Chairman from thereon to We have divested whatever business units that have become
assist with the transition. incompatible with the Groups new vision and core values.
Subsequent to the financial year end, on July 1, 2014, Ms. We are also reviewing our business models with new growth-
Sharon Lim Lian Eng was promoted to Chief Information oriented engines and equipping ourselves to build synergies
Officer (CIO). She retains her duties and responsibilities as and leverage on each others strengths and connections.
General Manager Operations of Lim Kim Hai Electric Co. The new models are to be replicated to help the segments
(S) Pte Ltd. Her additional duties as CIO include contributing venture into previously unexplored markets by offering total
to the Groups business strategies and further developing its solution packages to clients through our numerous offices
information technology needs to support business growth. in the region.
A Thinking As One culture is being promoted across the

REVISITING CORE VALUES, STREAMLINING entire Group to ensure sustainability. Greater emphasis has
SEGMENT OPERATIONS been placed on enhancing internal communication across
and within divisions, streamlining processes, sharing of
In line with changes to the top management, the Group is resources, and improving customer relations.
developing the next chapter of its growth strategy. As part
of this process, various Business Segments have completed
a six-month comprehensive review of their respective vision,
mission and core values.

BOOSTING PEOPLE SKILLS, RAISING Besides adding new automated machines in the C&W
PRODUCTIVITY Segment, new equipment have been introduced in other
business segments to further improve intra-office information
In revving up the growth engines, the Group has made sure flow and communication, as well as more effective inventory
that existing management and support teams are continually control, higher efficiency in services to clients, better internal
updated and re-trained where necessary to further enhance reporting and faster invoicing.
their knowledge and competency in their respective work
areas.
SUPPORTING A CARE & SHARE
We are mindful that especially in services where monitoring COMMUNITY
and auditing are required, the teams involved have to be
regularly refreshed and equipped to use state-of-the-art As a growing Group with about 1,000 employees, it is
equipment and understand new measurement standards to necessary for us to continue nurturing the corporate soul.
carry out their work professionally. In addition to ensuring all our personnel are well recognised
and rewarded, and their well-being cared for through a
Training needs assessment and analysis have been workplace health programme, the management and staff
done across the Group to determine the requirements for have drawn up a new direction for the Groups Corporate
every aspect of our operations in the years ahead. Where Social Responsibility (CSR) effort.
necessary, external expertise and consultancy services
have been engaged to guide and implement our upgrading The new Tai Sin Group CSR programme focuses on three
efforts. areas, namely providing social and material support for the
needy, promoting a healthy living society and protecting the
With the prevailing tight labour market and high levy environment.
environment in Singapore, we have streamlined and right-
sized our foreign manpower on top of the policy of retaining A Group CSR Champion has been appointed and is
good local employees. This has resulted in smoother supported by a CSR committee within every business
operations and some cost savings. segment, each headed by a chairman, with an advisor and
a coordinator to galvanise the energies of its members and
The Groups human capital effort is well complemented staff to support the Groups long-term community service
by on-going investment in process improvements and activities.
equipment and systems upgrading, which have so far
efficiently utilised whatever government support schemes
that are available to us, including the Productivity and
Innovation Credit (PIC).

CHAIRMAnS STATEMENT
BUSINESS OUTLOOK REMAINS Moving ahead, we will continue to build capabilities to provide
UNCERTAIN comprehensive packaged solutions to various business
sectors. In addition to growing organically, we will also look
While we have undertaken comprehensive planning to for M&A opportunities to expand our business portfolio.
ensure the sustainability of our Groups business, we remain
concerned about the on-off recovery in the Eurozone, I am satisfied with the performance of the revamped
uncertain growth prospects in the developed and key management team, which has drawn up a new strategic
emerging markets, and geopolitical developments that can roadmap for the Group. I believe that it will help Tai Sin to
have an impact on our business. scale greater heights for many years to come.
Going forward, we expect the number of projects in the To reward our shareholders, the Board has decided to
governments infrastructure pipeline to provide opportunities distribute a final dividend of 1.5 cents per ordinary share
for our three business segments. subject to approval at the forthcoming annual general
meeting. This will bring the total payout to 2.25 cents for the
For financial year 2015, we expect revenue to remain stable financial year 2014.
as we anticipate more projects from the infrastructure sector.
In spite of the cooling measures in the residential market, On behalf of the Board, I would like to record our deep
we believe public housing projects will continue to provide appreciation for the hard work and dedication of the
opportunities as well. We will also be more aggressive in management team and its staff, and the continued support
targeting the commercial development cluster and the of customers and business partners. We would also like to
electronics and oil & gas clusters for new businesses. thank all our stakeholders and shareholders for their long-
standing support. Your partnership has enabled the Group
As ASEAN governments seek to support and engender to grow from strength to strength and I believe with your
economic growth, much investment in infrastructure can be continued support, we will scale greater heights.
expected to take place in the years ahead, in addition to
continued private sector expansion. We seek to leverage on
our established regional presence to tap into the burgeoning
opportunities available.
Professor Lee Chang Leng Brian
As a Group, our new business development strategy Chairman
enhancing cooperation among the various business
segments to leverage on opportunities and relationships to
grow the business locally and regionally has put us on a solid
expansionary platform.

CORPORATE STRUCTURE
100% Tai Sin Electric

Cables (Malaysia)
Sdn Bhd Tai Sin Electric
100%
Cables (VN)
Co Ltd
100% 90% Lim Kim Hai

Tai Sin (Vietnam) Electric (VN)
Pte Ltd Co Ltd
100% Precicon D&C

Pte Ltd
70%
PKS Sdn Bhd
100% LKH Power
Distribution
Pte Ltd
100% Lim Kim Hai 100%

LKH Electric (M)
Electric Co (S)
Sdn Bhd
Pte Ltd
30% Nylect
International
Pte Ltd
100%
CiPGi Pte Ltd
65% Cast
Laboratories 100%
Castconsult
Pte Ltd Sdn Bhd
95% PT Cast
Laboratories
Indonesia
100% Tai Sin Electric
International
Pte Ltd

BOARD OF DIRECTORS
Professor Lee Chang Leng Brian, Lim Boon Hock Bernard

JP PBM BBM Chief Executive Officer / Executive Director
Chairman, Non-Executive and Independent Director
Date of Appointment as Director:
Date of Appointment as Director: September 1997 as Executive Director
August 2002 as Non-Executive and Independent Director June 2003 as Chief Operating Officer
November 2003 as Non-Executive Chairman July 2013 as Chief Executive Officer
Length of Service as Director (as at 30 June 2014): Length of Service as Director (as at 30 June 2014):
12 years 17 years
Board Committee Served on: Board Committee Served On:

Audit Committee (Member) Nil
Nominating Committee (Chairman)
Academic & Professional Qualifications:
Remuneration Committee (Member)
Bachelor of Arts (Social Sciences), Curtin University of
Academic & Professional Qualifications: Technology, Perth, Western Australia
Bachelor of Engineering in Electrical Engineering, University of Master of Business Administration,
New South Wales, Australia University of Strathclyde, United Kingdom
Master of Engineering Science in Electrical Engineering, Present Directorships as at 30 June 2014:
University of New South Wales, Australia Listed companies
Fellow of the Institution of Engineering and Technology, United Nil
Kingdom
Fellow of Academy of Engineering Singapore Others
Fellow of Institution of Engineers, Singapore Vice Chairman of School Advisory Committee of Temasek
Professional Engineer, Singapore Primary School
Chartered Engineer, United Kingdom
Present Directorships as at 30 June 2014:

Listed companies
Nil
Others
Former Vice President, Member of the Board of Trustees and
Member of the Council of the Institution of Electrical Engineers,
United Kingdom
Founding Dean of the School of Electrical and Electronic
Engineering of Nanyang Technological Institute / University

LIM CHYE HUAT @ Bobby Lim Chye Huat, Academic & Professional Qualifications:
PBM BBM KStJ Fellow of the Institute of Singapore Chartered Accountants
Executive Director Fellow of the Institute of Chartered Accountants, Australia
Member of Certified Public Accountant, Australia
Date of Appointment as Director: Member of Singapore Institute of Accredited Tax Professionals
October 1997 as Managing Director Member of the Malaysian Institute of Certified Public
July 2013 as Executive Director Accountants
Length of Service as Director (as at 30 June 2014):

17 years
Listed companies
Board Committee Served On: Non-Executive Chairman, Shanghai Asia Holdings Limited
Nominating Committee (Member)
Others
Academic & Professional Qualifications:
Practising Chartered Accountant of Tay Joo Soon & Co since
Honorary Fellow of Singapore Institute of Engineering
1970
Technologies
Director of Holcim (Singapore) Pte Ltd
Fellow of the Chartered Management Institute, United Kingdom
Boards Certificate of Proficiency In Business Management,
National Productivity Board of Singapore
Soon Boon Siong
Non-Executive and Independent Director
Listed companies
Nil
Date of Appointment as Director:
Others November 2012 as Non-Executive and
Patron of Toa Payoh East CCC Independent Director
Management Committee of the Lighthouse School
Managing Director of Lim Kim Hai Electric Co (S) Pte Ltd from Length of Service as Director (as at 30 June 2014):
1972 to 1997 2 years
Board Committee Served On:

Tay Joo Soon Audit Committee (Member)
Non-Executive and Independent Director Nominating Committee (Member)
Remuneration Committee (Chairman)
Date of Appointment as Director
April 2007 as Non-Executive and Independent Director Academic & Professional Qualification:
Degree in Business Administration, University of Singapore
Length of Service as Director (as at 30 June 2014):
7 years Present Directorships as at 30 June 2014:
Listed companies
Board Committee Served On: Non-Executive and Independent Director,
Audit Committee (Chairman) Dynamic Colours Limited
Nominating Committee (Member)
Remuneration Committee (Member) Others
Managing Director Corporate Finance of Partners Capital
(Singapore) Pte Ltd

key Management
CORPORATE
LIM BOON HOCK BERNARD LIM LIAN ENG SHARON
Chief Executive Officer; Tai Sin Electric Limited Chief Information Officer; Tai Sin Electric Limited
Join Since: 1997 General Manager Operations; Lim Kim Hai Electric Co (S) Pte Ltd
Join Since: 2000
LIM CHYE HUAT @ BOBBY LIM CHYE HUAT, PBM BBM KStJ
Executive Director; Tai Sin Electric Limited TAN YONG HWA, MBA CA FCCA
Join Since: 1997 Senior Manager Group Corporate Development;
Tai Sin Electric Limited
LIN CHEN MOU Join Since: 2006
General Manager Group Manufacturing
(Cable Division); Tai Sin Electric Limited CHA POO CHUN
Join Since: 1983 Senior Manager Finance & Operations; Tai Sin Electric Limited
Join Since: 2006
MANUFACTURING
CABLE & WIRE (C&W) SEGMENT
JOHNSTON TEO YAP KONG FUI

Senior Manager Head, Sales; Tai Sin Electric Limited Senior Manager Group Quality Assurance; Tai Sin Electric Limited
Join Since: 2000 Join Since: 2006
VINCENT LOW LEE CHOON MUI PATRICIA

Senior Business Manager; Tai Sin Electric Limited Deputy General Manager Operations; Tai Sin Electric Cables (M)
Join Since: 1990 Sdn Bhd
Join Since: 1998
LIM TIN LEONG
Senior Business Manager; Tai Sin Electric Limited TEH CHOON KONG
Join Since: 1981 Deputy General Director Operations; Tai Sin Electric Cables (VN)
Co Ltd
Join Since: 2003
MANUFACTURING
SWITCHBOARD (SB) SEGMENT
CHANG CHAI WOON MICHAEL NG SHU GOON TONY

Executive Director; PKS Sdn Bhd General Manager; PKS Sdn Bhd

DISTRIBUTION DIVISION
ELECTRICAL MATERIAL DISTRIBUTION (EMD) SEGMENT
LIM CHAI LAI @ LOUIS LIM CHAI LAI VINCENT YUEN PENG WAH
Chairman; Lim Kim Hai Electric Co (S) Pte Ltd Senior Business Manager Cluster Sales and Business
Join Since: 1967 Development; Lim Kim Hai Electric Co (S) Pte Ltd
Join Since: 1992
CHIA AH HENG
Deputy Chairman; Lim Kim Hai Electric Co (S) Pte Ltd DANIEL POON KWANG POO
Join Since: 1969 General Manager; LKH Power Distribution Pte Ltd
Join Since: 1980
ONG WEE HENG
Chief Executive Officer; Lim Kim Hai Electric Co (S) Pte Ltd JOYCE TAN SAY CHENG
Join Since: 1979 General Manager; Precicon D&C Pte Ltd
Join Since: 1987
FRANCIS PAN THIAM SING
Senior Manager Sales & Marketing; COLIN KOH KOK LIN
Lim Kim Hai Electric Co (S) Pte Ltd Senior Business Manager; Precicon D&C Pte Ltd
LIM HIANG LAN SHIRLEY SIN TUYET MAI, MBA

Senior Manager Sales Operation; General Director; Lim Kim Hai Electric (VN) Co Ltd
Lim Kim Hai Electric Co (S) Pte Ltd Deputy General Director Sales & Marketing;
Join Since: 1968 Tai Sin Electric Cables (VN) Co Ltd
Join Since: 2004
SERVICES DIVISION
TEST & INSPECTION (T&I) SEGMENT
WILLIAM TAY YEW CHYE CHENG MING CHOY

Executive Chairman; Cast Laboratories Pte Ltd General Manager; CiPGi Pte Ltd
LIM ENG HENG MOHD NIZAM B. MOHD YUSOF

Chief Executive Officer; Cast Laboratories Pte Ltd General Manager; Castconsult Sdn Bhd
VICTOR TIAN MONG CHING, CStJ DEWI YULIANA

Executive Director; Cast Laboratories Pte Ltd General Manager; PT Cast Laboratories Indonesia
CHAI THEY JHAN, PB

General Manager; Cast Laboratories Pte Ltd
Join Since: 1978

corporate Information
Board of Directors Company Registration Number
Lee Chang Leng Brian 198000057W
Non-Executive Chairman
Registered Office
Lim Boon Hock Bernard
24 Gul Crescent, Jurong Town
Chief Executive Officer / Executive Director
Singapore 629531
Tel: 6672 9292
Lim Chye Huat @ Bobby Lim Chye Huat
Fax: 6861 4084
Executive Director
Email: ir@taisin.com.sg
Tay Joo Soon

Non-Executive Director Share Registrars &
Share Transfer Office
Soon Boon Siong B.A.C.S Private Limited
Non-Executive Director 63 Cantonment Road
Singapore 089758
Audit Committee Tel: 6593 4848
Tay Joo Soon
Chairman Auditors
Deloitte & Touche LLP
Lee Chang Leng Brian Public Accountants and Chartered Accountants
Soon Boon Siong 6 Shenton Way #32-00
OUE Downtown 2
Nominating Committee Singapore 068809
Lee Chang Leng Brian Partner-In-Charge:
Chairman Rankin Brandt Yeo
Date of Appointment: October 25, 2010
Tay Joo Soon
Soon Boon Siong Principal Bankers
Lim Chye Huat @ Bobby Lim Chye Huat United Overseas Bank Limited
The Hongkong and Shanghai Banking Corporation Limited
Remuneration Committee Oversea-Chinese Banking Corporation Limited
Malayan Banking Berhad
Soon Boon Siong
DBS Bank Ltd
Chairman
Standard Chartered Bank
CIMB Bank Berhad
Lee Chang Leng Brian
Tay Joo Soon
Secretary
Tan Shou Chieh

CORPORATE GOVERNANCE
The Board of Directors (the Board) of Tai Sin Electric Limited (the Company) is committed in raising the standard of
corporate governance and to promote greater transparency in the disclosure of material information to the public and its
shareholders. The Company believes in taking a balanced approach given the size of its business. It strives to implement
the best practices embodied in the 2012 Code of Corporate Governance (the Code) where feasible and as far as
practicable.
BOARD MATTERS
The Boards Conduct of its Affairs (Principle 1 of the Code)
The Board is responsible in ensuring the long-term success of the Company. The Board works with the Management to
achieve this objective.
The Board oversees the business affairs and risk governance of the Company. The Company has adopted internal
guidelines settling out matters that require the Boards approval. The Board approves the Companys overall strategic plans,
annual budget, major investments and funding proposals. It also reviews and evaluates nancial performance, compliance
and accountability and corporate governance practices. The Board approves the appointment of the CEO, as well as
Directors and Board Committee members. It also approves remuneration of the Board and Senior Management.
To assist in the execution of its responsibilities, the Board is supported by three Board Committees, namely, the
Audit Committee (AC), the Nominating Committee (NC) and the Remuneration Committee (RC). The roles and
responsibilities of these three Board Committees are outlined in their respective Terms of Reference.
The Board meets regularly on a quarterly basis. Details of the attendance of Directors at the Board meetings for the
nancial year ended June 30, 2014 are as follows:
Audit Remuneration Nominating

Committee Committee Committee
Board (AC) (RC) (NC)
Number of meetings held 4 4 1 1
Name of Director Number of meetings attended
Lee Chang Leng Brian 4 4 1 1
Lim Chye Huat @ Bobby Lim Chye Huat 4 N.A. N.A. 1
Lim Boon Hock Bernard 4 N.A. N.A. N.A.
Tay Joo Soon 4 4 1 1
Soon Boon Siong 4 4 1 1
Newly-appointed Directors receive a formal letter that sets out their duties and responsibilities, their expected time
commitment to the Company and other relevant matters. Management Accounts, Terms of References and the book of
Minutes are made available to the new Directors when required to enable them to understand the Companys business and
operations and to acquaint them with key management personnel.
All Directors have appropriate previous directorship and work experience prior to their appointment as the Companys
Director. Having previous experience as directors, the Company acknowledges that all the Directors are t for their
appointment and that they have the necessary knowledge and understanding to fulll their governance role.
A budget has also been allocated to allow the Directors to attend any course which they deem necessary.
Board Composition and Guidance (Principle 2 of the Code)
The Board comprised ve Directors. This current size is sufcient to facilitate effective direction-setting and decision-making
needed by the Company.
In compliance with the Codes requirement that at least one-third of the Board should be made up of Independent
Directors, three of the ve Directors are Independent Non-Executive, namely, the Chairman, Prof. Lee Chang Leng Brian,
Mr. Tay Joo Soon and Mr. Soon Boon Siong. The independence of each Director is reviewed by the NC based on their
annual declaration of interests.

In compliance with the Code, the Board has reviewed the independence of Prof. Lee Chang Leng Brian, who has been the
Chairman of the Board for more than eleven years. The Board, on the recommendation of the NC, determined that Prof.
Lee is independent notwithstanding that he has served more than nine years on the Board. Prof. Lee continues to express
his independent views and challenges management at the Committee and Board meetings.
The Board members comprise of businessmen and professionals with nance, engineering, business management with
industrial background and credentials. This is in compliance with the Code, which recommends that the Board should
comprise Directors with diverse skills, knowledge and experience.
The prole of each Director and other relevant information is set out under Board of Directors Section of the Annual
Report.
Chairman and Chief Executive Ofcer (Principle 3 of the Code)
At present, the Chairman of the Board is non-executive and is separate from the Group CEO. The Chairman leads the
Board proceedings and ensures that board meetings are held when necessary. The Chairman is also responsible for
ensuring the effectiveness of the Board and its governance processes, while the Group CEO is the most senior executive
in the Company who is responsible for implementing the Companys strategies and policies and monitoring the Companys
day-to-day operations. The Chairman and the Group CEO are not related.
Board Membership (Principle 4 of the Code)

Board Performance (Principle 5 of the Code)
The composition of the Board Committees as at June 30, 2014 is as follows:
Nominating Remuneration Audit

Name of Director Committee Committee Committee
Lee Chang Leng Brian (Chairman)* C M M
Lim Chye Huat @ Bobby Lim Chye Huat M N.A. N.A.
Lim Boon Hock Bernard (CEO) N.A. N.A. N.A.
Tay Joo Soon* M M C
Soon Boon Siong* M C M
* Independent Non-Executive Director; C Chairman; M Member; N.A. Not Applicable
The Nominating Committee has been established and is comprised of four Directors, of which three including the
Chairman, are Independent Non-Executive Directors. The roles and responsibilities of the NC are set out in the Terms of
Reference. Following are the main responsibilities of the NC:
a. Review the structure, size and composition and ensure that the Board has the appropriate qualications and
expertise as Directors;
b. Identify candidates and review nominations for the appointment of the new directors and make the recommendation
to the Board on the appointment, re-appointment and retirement of the Directors;
c. Determine on an annual basis the independence of the Non-Executive Directors and review the independence of
any director who has served on the Board for more than nine years from the date of his rst appointment and the
reasons for considering him as independent;
d. Review the Boards performance and assess the effectiveness of the Board as a whole, as well as the contribution
by each member of the Board; and
e. Where a Director or proposed Director has multiple board representations, deciding whether the Director is able to
and has been adequately carrying out his duties as a Director, taking into consideration the Directors number of
listed company board representations and other principal commitments.
When an existing Director chooses to retire or is required to retire from ofce by rotation, or the need for a new Director
arises, the NC reviews the prole, expertise and skills of the candidate and recommends to the Board the appointment,
re-appointment of the Director.

The Directors (except the Group CEO) submit themselves for re-election at regular intervals as required under the Articles of
Association of the Company which provide that at least one-third of the Directors for the time being shall retire as Directors
at each Annual General Meeting. The Articles also provide for the appointment of a Managing Director (equivalent to a
Group CEO) by the Board for a xed term not exceeding ve years.
The NC conducted a collective assessment of the Board to evaluate the effectiveness and performance of each Director.
The assessment parameters for the Directors performance also include the attendance record of the Directors at Board
and Committee meetings, their level of participation during meetings and the quality of contribution to Board processes,
business strategies and performance of the Group.
The NC or the Board has not set a limit on the maximum directorship in a listed company that the Director can hold. The
NC is satised that each of the Directors have demonstrated their commitment in fullling their duties and responsibilities as
Directors of the Board.
Access to Information (Principle 6 of the Code)
The Management makes available to the Board members with the Management Accounts, including updates on the
key operational activities, nancial analysis as well as budget results when required. The Board is kept informed by the
Management on the status of on-going activities on a regular basis through meetings. The Company Secretary attends
Board meetings when required and in his absence, the Senior Manager - Group Corporate Development assists the Board
to ensure that Board procedures, rules and regulations relating thereto are complied with. Where a decision is required
between Board meetings, a directors resolution is circulated with supporting papers for approval, in accordance with the
Articles of Association of the Company.
Each Director has separate and independent access to the Senior Management and the Company Secretary. Procedures
are in place for Directors, either as a group or individual, if necessary, to seek independent professional advice at the
expense of the Company.
REMUNERATION MATTERS
Procedures for Developing Remuneration Policies (Principle 7 of the Code)

Level and Mix of Remuneration (Principle 8 of the Code)
Disclosure on Remuneration (Principle 9 of the Code)
The Remuneration Committee has been established and is comprised of three Directors, all of whom are Independent Non-
Executive Directors. The roles and responsibilities of the RC are set out in the Terms of Reference as follows:
a. Propose a framework of remuneration for Directors and Key Management Personnel, covering all aspects of
remuneration, including but not limited to directors fees, salaries, allowances, bonuses, options, share-based
incentives and awards, and benets in kind;
b. To recommend specic remuneration policies and packages for directors and key management personnel;
c. To consider the recruitment of Executive Directors and determine their employment terms and remuneration and to
review the terms of renewal for those Executive Directors whose current employment contracts will expire or had
expired;
d. To structure an appropriate proportion of Executive Directors remuneration so as to link rewards to corporate and
individual performance;
e. To develop appropriate and meaningful measures for the purpose of assessing Executive Directors performance;
and
f. To seek expert advice inside and/or outside the Company as the Committee may deem necessary to enable it to
discharge its duties satisfactorily.
The main responsibility of the RC is to oversee the remuneration of the Board and the Key Management Personnel and to
set appropriate and competitive remuneration framework and policies.

The annual Directors fees paid to Non-Executive Directors are recommended by the RC and endorsed by the Board.
Remuneration for Non-Executive Directors comprised a xed Directors fee, which factors in the effort, time spent and
contribution of the respective Directors. Directors fees are subject to the approval of shareholders at the Annual General
Meeting. No Director is involved in deciding his own remuneration.
There is no retirement benet scheme or shared-based compensation scheme for Directors and Key Management
Personnel.
Executive Directors are compensated as part of the Key Management Personnel and therefore does not receive
any Directors fee. The remuneration for Executive Directors comprises xed component and bonus and other variable
component. The xed component comprises of basic salary and the compulsory employer contribution to the employees
CPF; while the bonus and other variable component comprises performance bonus and prot sharing for the nancial year.
There is no long-term scheme for Executive Directors.
The breakdown of the Directors remuneration for the nancial year ended June 30, 2014 is as follows:
Bonus & Other

Remuneration Directors Salary & Variable Performance
Name of Director ($000) Fees CPF Components Total
Lim Boon Hock Bernard 1,092 34% 66% 100%
Lim Chye Huat @ Bobby Lim Chye Huat 344 71% 29% 100%
Lee Chang Leng Brian 55 100% 100%
Tay Joo Soon 51 100% 100%
Soon Boon Siong 50 100% 100%
Key Management Personnel remuneration comprises of xed component, bonus and other variable component and
Directors fee. The xed component consists of basic salary and the compulsory employer contribution to the employees
CPF; while the bonus and other variable component consists of performance bonus and prot sharing for the nancial year.
$1.35 million is the aggregate total remuneration paid for the top ve Key Management Personnel of the group (who are
not Directors) for the nancial year ended June 30, 2014. The compensation paid to the each of the Key Management
Personnel is as follows:
Bonus & Other

Directors Salary & Variable Performance
Remuneration Band Name of Director Fees CPF Components Total
$250,000 to below $300,000 Lin Chen Mou 5% 66% 29% 100%
William Tay Yew Chye 5% 51% 44% 100%
Ong Wee Heng 7% 75% 18% 100%
Chia Ah Heng 6% 76% 18% 100%
Lim Chai Lai @ Louis 6% 77% 17% 100%
Lim Chai Lai
Following are the employees who are immediate family members of Mr. Lim Boon Hock Bernard and Mr. Lim Chye Huat @
Bobby Lim Chye Huat whose remuneration exceeds S$50,000.

Relationship With
Chief Executive Executive Director,
Ofcer, Lim Boon Lim Chye Huat @
Remuneration Band Employees Name Hock Bernard Bobby Lim Chye Huat
Refer to Director Remuneration Lim Boon Hock Bernard Son
Lim Chye Huat @ Bobby Father
Lim Chye Huat
Refer to Key Management Lim Chai Lai @ Louis Uncle Brother
Remuneration Lim Chai Lai
Chia Ah Heng Uncle Brother-In-Law
$200,000 to below $250,000 Lim Lian Eng Auntie Sister
$100,000 to below $150,000 Lim Hiang Lan Auntie Sister
Lim Phek Choo, Constance Auntie Sister
Lim Chye Kwee Uncle Brother
ACCOUNTABILITY AND AUDIT
Accountability (Principle 10 of the Code)
The Board is responsible to provide balanced and understandable assessment of the Companys performance, position
and prospects. The Management provides the Board with a Management Accounts on a quarterly basis, which highlights
the key business performance and major issues that are relevant to the Companys operation. To understand more the
position, performance and prospects of the company, Management Accounts are made available to the Directors when
required.
To comply with the Rule 705(5) of SGX Listing Manual, the Board issues a Negative Assurance statement to be
incorporated as part of the Companys interim nancial results and dividend announcements. Companys announcements
are issued through SGXNET by the Companys Secretary.
Risk Management and Internal Audit (Principle 11 of the Code)

Internal Audit (Principle 13 of the Code)
The Board, through the Audit Committee, is responsible for the level of risk tolerance and risk policies and oversees the
responsibilities, internal controls and governance processes delegated to Management.
The Board has approved the Risk Management Framework for identifying key risks within the business. The risks dened
in the framework ranges from strategic, nancial, operational, information technology, to compliance which may include
management decision-making risks. The identication and management of risks are the responsibility of the Management
who assumes ownership and day-to-day management of these risks. Management is also responsible for the effective
implementation of risks management strategy, policies and processes to facilitate the achievement of the Companys
objectives and plans within the risk tolerance established by the Board. Key business risks are scheduled to be identied,
addressed and reviewed on an ongoing basis.
The Board is responsible to oversee the Companys Risk Management Framework and policies.
The Company outsourced its internal audit function to an external professional rm. The Internal Auditors primary line of
reporting is the AC Chairman, although they also report administratively to the Group CEO. The Internal Auditors adopt the
International Standard for the Professional Practice of Internal Auditing set by the Institute of the Internal Auditors.
Internal Auditors are evaluated, on an on-going quarterly basis, based on the quality of their work during the eldwork and
on the relevance of the internal audit reports. The AC was satised with the work performed and re-appointed the Internal
Auditors to continue to assist the AC in the review of the adequacy and effectiveness of the Companys internal control.
Internal Audit (IA) plan is scheduled in consultation with Management and is presented to the AC for approval at the
beginning of each year. IA reports are submitted and presented to the AC for deliberation and discussion during the AC
Meetings. Copies of the report are extended to the relevant Senior Management for their actions on the ndings and
observations.

The AC, assisted by the Internal and External Auditors, has reviewed the adequacy and effectiveness of the Groups internal
controls and together with the Board, is satised that the existing internal controls are adequate as at June 30, 2014 to
provide reasonable, but not absolute, assurance of achieving its internal control objectives and addressing material nancial,
operational, information technology and compliance risks. The system of internal control and risk management is designed
to manage, rather than, eliminate risks, and therefore do not provide absolute assurance against the occurrence of material
errors, poor judgment in decision-making, human errors, fraud or other irregularities.
The Board has received the assurance from the CEO that they are satised that the nancial records reected in the
nancial statement give a true and fair view of the Companys operations and nances; and that the Companys current risk
management and internal control are adequate.
Audit Committee (Principle 12 of the Code)
The Audit Committee has been established and is comprised of three Directors, all of whom are Independent Non-
Executive Directors. All of the AC members, including the Chairman have recent and relevant accounting and nance
management expertise or experience, and are therefore appropriately qualied to discharge their responsibilities.
The AC has the explicit authority to investigate any matters within its scope and has full access to and cooperation of
management. It also has full discretion to invite any Director or Executive Ofcer to attend its meetings.
The roles and responsibilities of the AC are set out in the Terms of Reference. Following are the main responsibilities of the AC:
a. Review the annual audit plans of the internal and external auditors as well as their audit findings and
recommendations;
b. Review the adequacy and effectiveness of internal controls by considering written reports from internal and external
auditors, and Management responses and actions to correct any deciencies;
c. Review the groups quarterly results announcements and annual consolidated nancial statements in conjunction
with the external auditors comments before submitting to the Board for approval;
d. Review interested person transactions; and
e. Review the independence of external auditors, their fees and recommend the nomination of the external auditors for
appointment or re-appointment.
During the nancial year, the following activities have been performed by the AC:
a. Reviewed the internal controls, including nancial, operational, information technology and compliance controls as
well as the risk management policies and systems maintained by Management to have a reasonable assurance to
the integrity and reliability of the nancial information;
b. Reviewed the Whistle-Blowing Policy in place, by which employees may, in condence, raise concerns about
possible improprieties and malpractices on any matter, including nancial reporting. The Whistle-Blowing Policy
has been disseminated to all existing and newly recruited employees through the respective Human Resource
Departments of the companies within the Group as part of the fraud control awareness program;
c. Reviewed the nature of the non-audit services performed by the external auditors. For the nancial year ended
June 30, 2014, the aggregate fee of $307 thousand was paid to the external auditors of the Company, of which
$49 thousand were for the non-audit services. The AC was satised that the non-audit services performed by the
auditors did not compromise the external auditors independence and objectivity;
d. Review of the quarterly and full year announcements on the results and nancial position of the Company and the
Group;
e. Presents to the Board the list of interested parties and related parties transactions during quarterly meetings; and
f. Make recommendations on the appoinment or re-appointment of the internal and external auditors of the Group.
The AC held four meetings during the nancial year. Meetings were attended by the AC Chairman and Members, Executive
Directors and the respective CEOs and Senior Managers of the businesses. The AC also met with the internal and external
auditors, without the presence of Management, during the nancial year.

The AC is periodically updated, by the external auditors, on the changes and/or amendments in accounting standards for
AC members to keep abreast of such changes and its corresponding impact on the nancial statements, if any.
SHAREHOLDER RIGHTS AND RESPONSIBILITIES
Shareholder Rights (Principle 14 of the Code)

Communication with Shareholders (Principle 15 of the Code)
Conduct of Shareholder meetings (Principle 16 of the Code)
The Company is committed to provide regular and timely communication of information to the shareholders.
Announcements are issued on an immediate basis where required under the SGX-ST Listing Manual. Disclosures on
material price sensitive information including quarterly and full year results are released through SGXNET. Announcements
and disclosures are also available through Companys share investor portal on the corporate website at www.taisinelectric.
com.
The Company strongly encourages shareholders participation at the Annual General Meeting. All shareholders receive
a copy of the Annual Report and notice of the Annual General Meeting (AGM). The notice is also advertised in a local
newspapers and released through SGXNET. The AGM also serves as a communication platform to help shareholders better
understand its businesses and to obtain their feedback on the views and concerns about the business.
Shareholders are allowed to appoint one or two proxies to attend and vote in their behalf, in accordance with the Articles
of Association of the Company. During the AGM, shareholders are given the opportunity to seek clarications concerning
the groups business and affairs. The Board is in attendance to address queries and clarications about the Company. The
external auditors are also present to assist the Board in addressing any queries on audit related matters. With effect from
October 2014, the Company will adopt the use of poll voting at its AGM to promote greater transparency.
DEALING IN SECURITIES
The Company has adopted an Internal Code Governing Dealings In Securities in line with the guidelines issued by the
SGXST. This Internal Code provides guidance and prescribes the internal regulations with regard to dealings in the
Companys securities by its ofcers.
INTERESTED PERSON TRANSACTIONS
The Company does not have a shareholders mandate for interested person transactions pursuant to Rule 920 of the
Listing Manual of the SGX-ST.
During FY2014, there were no interested person transactions (excluding transactions less than $100,000) entered into by
the Group.
MATERIAL CONTRACTS
During FY2014, there were no material contracts of the Company or its subsidiaries involving the interests of the Chief
Executive Ofcer, any Director or controlling Shareholder, either still subsisting at the end of the nancial year or if not then
subsisting, entered into since the end of the previous nancial year.

FINANCIAL CONTENTS
29 REPORT OF THE DIRECTORS
32 STATEMENT OF DIRECTORS
33 INDEPENDENT AUDITORS REPORT
34 STATEMENTS OF FINANCIAL POSITION
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND

35 OTHER COMPREHENSIVE INCOME
36 STATEMENTS OF CHANGES IN EQUITY
38 CONSOLIDATED STATEMENT OF CASH FLOWS
40 NOTES TO FINANCIAL STATEMENTS
96 ANALYSIS OF SHAREHOLDINGS
98 NOTICE OF ANNUAL GENERAL MEETING
PROXY FORM
REPORT OF THE DIRECTORS
The directors present their report together with the audited consolidated nancial statements of the group and statement of
nancial position and statement of changes in equity of the company for the nancial year ended June 30, 2014.
1 DIRECTORS
The directors of the company in ofce at the date of this report are:
Executive
Lim Boon Hock Bernard (Chief Executive Ofcer)

Non-executive
Lee Chang Leng Brian (Chairman)

Soon Boon Siong
Tay Joo Soon
2 ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE BENEFITS BY MEANS OF THE

ACQUISITION OF SHARES AND DEBENTURES
Neither at the end of the nancial year nor at any time during the nancial year did there subsist any arrangement
whose object is to enable the directors of the company to acquire benets by means of the acquisition of shares or
debentures in the company or any other body corporate, except for the options mentioned in paragraph 5 of the
Report of the Directors.
3 DIRECTORS INTERESTS IN SHARES AND DEBENTURES
The directors of the company holding ofce at the end of the nancial year had no interests in the share capital of
the company and related corporations as recorded in the Register of Directors Shareholdings kept by the company
under Section 164 of the Singapore Companies Act except as follows:
Shareholdings in which
Shareholdings registered directors are deemed
in name of directors to have an interest
Name of directors and company At At At At
in which interests are held July 1, 2013 June 30, 2014 July 1, 2013 June 30, 2014
Tai Sin Electric Limited Number of shares
Lim Chye Huat @ Bobby Lim Chye Huat 34,216,897 34,216,897 24,021,985 24,021,985
Lim Boon Hock Bernard 47,249,627 47,249,627 1,967,792 1,967,792
Tay Joo Soon 500,000 500,000
The directors interests in the shares and options of the company at July 21, 2014 were the same as at
June 30, 2014.
4 DIRECTORS RECEIPT AND ENTITLEMENT TO CONTRACTUAL BENEFITS
Since the beginning of the nancial year, no director of the company has received or become entitled to receive
a benet which is required to be disclosed under Section 201(8) of the Singapore Companies Act, by reason of a
contract made by the company or a related corporation with the director or with a rm of which he is a member, or
with a company in which he has a substantial nancial interest except for salaries, bonuses and other benets as
disclosed in the nancial statements.

5 SHARE OPTIONS
On August 1, 2001, the shareholders of the company approved the Tai Sin Share Option Scheme (the Scheme).
The Scheme is administered by a committee whose members as at June 30, 2014 are:
Soon Boon Siong (Chairman)

Tay Joo Soon
Lee Chang Leng Brian
(a) Options to take up unissued shares
On April 8, 2002 (Offering Date), options were granted pursuant to the Scheme to
141 employees (collectively the Participants) of the company to subscribe for 17,680,000 ordinary shares
in the company at the subscription price of $0.125 per ordinary share (Offering Price) with no discount.
16,970,000 options were accepted by the Participants.
The options granted to employees may be exercised during the period from May 8, 2003 to
May 7, 2013, both dates inclusive, by notice in writing accompanied by a remittance for the full amount of
the Offering Price (subject to adjustments under certain circumstances).
The Offering Price was equal to the average of the last dealt price for a share, with reference to the daily
ofcial list published by the Singapore Exchange Securities Trading Limited for the last 5 consecutive market
days immediately preceding the Offering Date.
The Participants may in addition to the Scheme participate in other share option schemes implemented by
the company or any of its subsidiaries, subject to the prior approval in writing to the committee.
All options had been either exercised or forfeited during the nancial year ended June 30, 2007.
During the nancial year, no options to take up unissued shares of the company or any corporation in the
group were granted.
(b) Options exercised
During the nancial year, there were no shares of the company or any corporation in the group issued by
virtue of the exercise of options to take up unissued shares.
(c) The information on Participants who received 5% or more of the total number of options available under the
Scheme is as follows:
Aggregate Aggregate
options options Aggregate
granted since exercised since options
Options commencement commencement outstanding
granted of Scheme to of Scheme to at the
during the the end of the the end of the end of the
Name of participants nancial year nancial year nancial year nancial year
Employees
Lin Chen Mou 1,250,000 (1,250,000)

Lim Ewe Lee 1,500,000 (1,500,000)
Lai Kon Seng 1,500,000 (1,500,000)
Ng Shu Goon Tony 1,500,000 (1,500,000)
No options under the Scheme were granted to controlling shareholders or their associates.

6 AUDIT COMMITTEE
The Audit Committee of the company is chaired by Tay Joo Soon, an independent director, and includes Lee Chang
Leng Brian and Soon Boon Siong, both independent directors. The Audit Committee has met four times during the
current nancial year and has reviewed the following, where relevant, with the executive directors and external and
internal auditors of the company:
(a) the audit plans and results of the internal auditors examination and evaluation of the groups internal
accounting controls;
(b) the groups nancial and operating results and accounting policies;
(c) the statement of nancial position and statement of changes in equity of the company and the consolidated
nancial statements of the group before their submission to the directors of the company and external
auditors report on those nancial statements;
(d) the quarterly, half-yearly and annual announcements as well as the related press releases on the results and
nancial position of the company and the group;
(e) the co-operation and assistance given by management to the groups external and internal auditors; and
(f) the re-appointment of the external auditors of the group.
The Audit Committee has full access to and has the co-operation of management and has been given the resources
required for it to discharge its function properly. It also has full discretion to invite any director and executive ofcer to
attend its meetings. The external and internal auditors have unrestricted access to the Audit Committee.
The Audit Committee has recommended to the directors the nomination of Deloitte & Touche LLP for re-
appointment as external auditors of the group at the forthcoming Annual General Meeting of the company.
7 AUDITORS
The auditors, Deloitte & Touche LLP, have expressed their willingness to accept re-appointment.
ON BEHALF OF THE DIRECTORS
Singapore
September 19, 2014

STATEMENT OF DIRECTORS
In the opinion of the directors, the consolidated nancial statements of the group and the statement of nancial position
and statement of changes in equity of the company as set out on pages 34 to 95 are drawn up so as to give a true and
fair view of the state of affairs of the group and of the company as at June 30, 2014, and of the results, changes in equity
and cash ows of the group and changes in equity of the company for the nancial year then ended and at the date of this
statement, there are reasonable grounds to believe that the company will be able to pay its debts when they fall due.
ON BEHALF OF THE DIRECTORS
Singapore
September 19, 2014

INDEPENDENT AUDITORS REPORT
To the Members of Tai Sin Electric Limited
Report on the Financial Statements
We have audited the nancial statements of Tai Sin Electric Limited (the company) and its subsidiaries (the group) which
comprise the statements of nancial position of the group and the company as at June 30, 2014, and the consolidated
statement of prot or loss and other comprehensive income, statement of changes in equity and statement of cash ows
of the group and the statement of changes in equity of the company for the year then ended, and a summary of signicant
accounting policies and other explanatory information, as set out on pages 34 to 95.
Managements Responsibility for the Financial Statements
Management is responsible for the preparation of nancial statements that give a true and fair view in accordance with
the provisions of the Singapore Companies Act (the Act) and Singapore Financial Reporting Standards, and for devising
and maintaining a system of internal accounting controls sufcient to provide a reasonable assurance that assets are
safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they
are recorded as necessary to permit the preparation of true and fair prot and loss accounts and balance sheets and to
maintain accountability of assets.
Auditors Responsibility
Our responsibility is to express an opinion on these nancial statements based on our audit. We conducted our audit in
accordance with Singapore Standards on Auditing.Those standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether the nancial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the nancial
statements.The procedures selected depend on the auditors judgement, including the assessment of the risks of material
misstatement of the nancial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entitys preparation of nancial statements that give a true and fair view in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entitys internal control. An audit also includes evaluating the appropriateness of accounting policies
used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation
of the nancial statements.
We believe that the audit evidence we have obtained is sufcient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated nancial statements of the group and the statement of nancial position and statement
of changes in equity of the company are properly drawn up in accordance with the provisions of the Act and Singapore
Financial Reporting Standards so as to give a true and fair view of the state of affairs of the group and of the company as at
June 30, 2014 and of the results, changes in equity and cash ows of the group and changes in equity of the company for
the year ended on that date.
Report on Other Legal and Regulatory Requirements
In our opinion, the accounting and other records required by the Act to be kept by the company and by those subsidiaries
incorporated in Singapore of which we are the auditors have been properly kept in accordance with the provisions of the
Act.
Deloitte & Touche LLP

Public Accountants and
Chartered Accountants
Singapore
September 19, 2014

STATEMENTS OF FINANCIAL POSITION
June 30, 2014
Group Company
June 30, June 30, June 30, June 30,
Note 2014 2013 2014 2013
$000 $000 $000 $000
ASSETS
Current assets
Cash and bank balances 6 22,349 24,481 10,248 11,299
Trade receivables 7 90,844 94,645 52,450 49,317
Other receivables 8 3,627 2,551 4,900 6,044
Derivative nancial instruments 22 1,424
Inventories 9 65,251 66,124 42,364 39,741
182,071 189,225 109,962 106,401
Assets classied as held for sale 10 1,427
Total current assets 182,071 190,652 109,962 106,401
Non-current assets
Other receivables 8 323 59
Subsidiaries 11 32,914 32,375
Associates 12 4,822 4,850
Property, plant and equipment 13 23,200 23,168 4,967 4,479
Investment properties 14 1,131 1,171
Leasehold prepayments 15 158 181
Intangible assets 16 1,658 2,174
Deferred tax assets 17 210 176
Total non-current assets 31,502 31,779 37,881 36,854
Total assets 213,573 222,431 147,843 143,255
LIABILITIES AND EQUITY

Current liabilities
Bank overdrafts and short-term
bank borrowings 18 25,593 36,105 12,026 15,909
Trade payables 19 24,828 31,421 12,248 15,934
Other payables 20 9,498 10,269 2,895 2,950
Current portion of nance leases 21 274 630 17
Current portion of long-term borrowings 23 198
Income tax payable 3,545 3,283 2,685 2,362
Total current liabilities 63,738 81,906 29,871 37,155
Non-current liabilities
Other payables 20 53 47
Non-current portion of nance leases 21 144 331
Long-term borrowings 23 966
Deferred tax liabilities 17 1,665 1,893 222 322
Total non-current liabilities 1,862 3,237 222 322
Capital, reserves and non-controlling interests

Share capital 24 56,288 56,288 56,288 56,288
Treasury shares 25 (950) (950) (950) (950)
Reserves 26 86,453 74,255 62,412 50,440
Equity attributable to the owners
of the company 141,791 129,593 117,750 105,778
Non-controlling interests 6,182 7,695
Total equity 147,973 137,288 117,750 105,778
Total liabilities and equity 213,573 222,431 147,843 143,255
See accompanying notes to nancial statements.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
Year Ended June 30, 2014
Group
Note 2014 2013
$000 $000
Revenue 27 307,345 305,328
Cost of sales (244,411) (247,909)
Gross prot 62,934 57,419
Other operating income 28 3,074 2,958

Selling and distribution expenses (16,667) (16,520)
Administrative expenses (18,590) (19,064)
Other operating expenses (3,957) (313)
Finance costs 29 (846) (1,238)
Share of prot of associates 12 266 917
Prot before income tax 26,214 24,159
Income tax expense 30 (3,365) (3,046)
Prot for the year 31 22,849 21,113
Other comprehensive income:
Items that may be reclassied subsequently to prot or loss:
Exchange differences on translation of foreign operations 459 189

Changes in share of other comprehensive income of an associate 3 26
Other comprehensive income for the year, net of tax 462 215
Total comprehensive income for the year 23,311 21,328
Prot (loss) attributable to:
Owners of the company 21,609 21,159

Non-controlling interests 1,240 (46)
22,849 21,113
Total comprehensive income (loss) attributable to:
Owners of the company 21,916 21,397

Non-controlling interests 1,395 (69)
23,311 21,328
Earnings per share
Basic (cents) 32 4.96 4.86

Diluted (cents) 32 4.96 4.86

STATEMENTS OF CHANGES IN EQUITY
Reserves
Equity
Foreign attributable
currency to shareholders Non-
Share Treasury translation Other Accumulated of the controlling Total
Note capital shares reserve reserve prots company interests equity
$000 $000 $000 $000 $000 $000 $000 $000
Group
Balance at July 1, 2012 51,723 (950) (1,803) (381) 64,515 113,104 7,777 120,881
Total comprehensive income
(loss) for the year
Prot (Loss) for the year 21,159 21,159 (46) 21,113
Other comprehensive income
(loss) for the year 238 238 (23) 215
Total 238 21,159 21,397 (69) 21,328
Transactions with owners,
recognised directly in equity
Issue of share capital 24 4,565 (4,565)
Dividend paid to
non-controlling interests (13) (13)
Final dividend for the
previous year paid 33 (1,642) (1,642) (1,642)
Interim dividend
for the year paid 33 (3,266) (3,266) (3,266)
Total 4,565 (9,473) (4,908) (13) (4,921)
Balance at June 30, 2013 56,288 (950) (1,565) (381) 76,201 129,593 7,695 137,288
Total comprehensive income

for the year
Prot for the year 21,609 21,609 1,240 22,849
Other comprehensive income
for the year 307 307 155 462
Total 307 21,609 21,916 1,395 23,311
Transactions with owners,
recognised directly in equity
Exercise of personal
undertakings from
non-controlling interests 22 (1,370) (1,370)
Non-controlling interests from
acquisition of a subsidiary 37 37 37
Acquisition of additional
interests in a subsidiary (a) (6) 87 81 (81)
Disposal of a subsidiary 35 (1,194) (1,194)
Dividend paid to
non-controlling interests (300) (300)
Final dividend for the
previous year paid 33 (6,533) (6,533) (6,533)
Interim dividend
for the year paid 33 (3,266) (3,266) (3,266)
Total (6) (9,712) (9,718) (2,908) (12,626)
Balance at June 30, 2014 56,288 (950) (1,264) (381) 88,098 141,791 6,182 147,973
Note:
(a) During the year ended June 30, 2014, the Group increased its equity interest in a subsidiary from 52.5% to 65%. The difference between
the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid was recognised directly in
equity.

STATEMENTS OF CHANGES IN EQUITY
Reserves
Share Treasury Accumulated Total
Note capital shares prots equity
$000 $000 $000 $000
Company
Balance at July 1, 2012 51,723 (950) 45,355 96,128
Prot for the year, representing total

comprehensive income for the year 14,558 14,558
Transactions with owners, recognised

directly in equity
Issue of share capital 24 4,565 (4,565)

Final dividend for the previous year paid 33 (1,642) (1,642)
Interim dividend for the year paid 33 (3,266) (3,266)
Total 4,565 (9,473) (4,908)
Balance at June 30, 2013 56,288 (950) 50,440 105,778
Prot for the year, representing total

comprehensive income for the year 21,771 21,771
Transactions with owners, recognised

directly in equity
Final dividend for the previous year paid 33 (6,533) (6,533)

Interim dividend for the year paid 33 (3,266) (3,266)
Total (9,799) (9,799)
Balance at June 30, 2014 56,288 (950) 62,412 117,750

CONSOLIDATED STATEMENT OF CASH FLOWS
Group
2014 2013
$000 $000
Operating activities
Adjustments for:
Depreciation expense 3,580 3,628
Amortisation expense 282 294
Interest income (28) (21)
Fair value of right to exercise Personal Undertaking from non-controlling interests
of a subsidiary (1,370)
Interest expense 846 1,238
(Gain) Loss on disposal of property, plant and equipment (163) 4
Property, plant and equipment written off 42 28
Intangible assets written off 140
Inventories written off 182 392
Allowance for (Reversal of) inventories obsolescence 33 (183)
Reversal of impairment loss of property, plant and equipment (469)
Impairment loss on investment of an associate 22
Bad debts written off 98 134
Allowance for doubtful receivables 1,461 126
Provision for onerous contracts 191 200
Fair value adjustments on derivative nancial instruments taken to prot or loss (13) (164)
Gain on disposal of assets held for sale (1,244)
Loss on disposal of a subsidiary (Note 35) 1,367
Loss on deconsolidation of subsidiaries (Note 36) 254
Excess of fair values of net identiable assets over consideration (Note 37) (247)
Share of prot of associates (266) (917)
Operating cash ows before movement in working capital 32,729 27,101
Trade receivables 384 (9,841)

Other receivables (1,620) 138
Inventories (3,242) (2,797)
Trade payables (5,168) 4,840
Other payables (21) 538
Cash generated from operations 23,062 19,979
Income tax paid (3,219) (3,178)

Net cash from operating activities 19,843 16,801

CONSOLIDATED STATEMENT OF CASH FLOWS
Group
2014 2013
$000 $000
Investing activities
Acquisition of additional interests in a subsidiary *
Purchase of property, plant and equipment (a) (5,608) (3,632)
Proceeds from disposal of property, plant and equipment 253 126
Dividend received from an associate 48 65
Proceeds from disposal of assets held for sale (Note 10) 2,633
Proceeds from disposal of a subsidiary (Note 35) 1,546
Deconsolidation of subsidiaries (Note 36) (19)
Acquisition of additional interests to subsidiary from associate (Note 37) 568
Interest received 28 21
Net cash used in investing activities (551) (3,420)
Financing activities
Proceeds from short-term bank borrowings 92,741 106,282
Repayment of short-term bank borrowings (102,123) (105,559)
Repayment of nance lease obligations (658) (855)
Proceeds from long-term bank borrowings 400
Repayment of long-term bank borrowings (51) (1,123)
Capital contribution from non-controlling interests 13
Interest paid (846) (1,238)
Dividend paid (9,799) (4,908)
Dividend paid to non-controlling interests (300) (13)
Net cash used in nancing activities (21,036) (7,001)
Net (decrease) increase in cash and cash equivalents (1,744) 6,380

Cash and cash equivalents at beginning of year 23,569 16,897
Effects of exchange rate changes on the balance of cash held in foreign currencies 407 292
Cash and cash equivalents at end of year (b) 22,232 23,569
* Amount less than $1,000
Notes:
(a) Purchase of property, plant and equipment
During the nancial year, the group acquired property, plant and equipment with an aggregate cost of $5,723,000 (2013 :
$4,038,000) of which $115,000 (2013 : $406,000) was acquired by means of nance leases.Cash payment of $5,608,000 (2013 :
$3,632,000) were made to purchase property, plant and equipment.
(b) Cash and cash equivalents at end of year
The cash and cash equivalents consist of the following:
2014 2013
$000 $000
Cash and bank balances (Note 6) 22,349 24,481

Bank overdrafts (Note 18) (117) (912)
Total 22,232 23,569

NOTES TO FINANCIAL STATEMENTS
1 GENERAL
The company (Registration No. 198000057W) is incorporated in Singapore with its principal place of business and
registered ofce at 24 Gul Crescent, Jurong Town, Singapore 629531. The company is listed on the Singapore
Exchange Securities Trading Limited. The nancial statements are expressed in Singapore dollars.
The principal activities of the company are that of cable and wire manufacturer and dealer in such products and
investment holding.
The principal activities of the subsidiaries and associates are stated in Notes 11 and 12 respectively to the nancial
statements.
The consolidated nancial statements of the group and statement of nancial position and statement of changes
in equity of the company for the year ended June 30, 2014 were authorised for issue by the Board of Directors on
September 19, 2014.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF ACCOUNTING - The nancial statements have been prepared in accordance with the historical cost basis
except as disclosed in the accounting policies below, and are drawn up in accordance with the provisions of the
Singapore Companies Act and Singapore Financial Reporting Standards (FRS).
Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date, regardless of whether that price is directly observable or
estimated using another valuation technique. In estimating the fair value of an asset or a liability, the group takes into
account the characteristics of the asset or liability which market participants would take into account when pricing
the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these
consolidated nancial statements is determined on such a basis, except for share-based payment transactions that
are within the scope of FRS 102, leasing transactions that are within the scope of FRS 17, and measurements that
have some similarities to fair value but are not fair value, such as net realisable value in FRS 2 or value in use in FRS
36.
In addition, for nancial reporting purposes, fair value measurements are categorised into Level 1, 2 or 3 based on
the degree to which the inputs to the fair value measurements are observable and the signicance of the inputs to
the fair value measurement in its entirety, which are described as follows:
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilitiesthat the entity
can access at the measurement date;
Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset
or liability, either directly or indirectly; and
Level 3 inputs are unobservable inputs for the asset or liability.
ADOPTION OF NEW AND REVISED STANDARDS - On July 1, 2013, the group adopted all the new and revised
FRSs and Interpretations of FRS (INT FRS) that are effective from that date and are relevant to its operations.
The adoption of these new/revised FRSs and INT FRSs does not result in changes to the groups and companys
accounting policies and has no material effect on the amounts reported for the current or prior year, except as
disclosed below:
FRS 113 Fair Value Measurement
The group has applied FRS 113 for the rst time in the current year. FRS 113 establishes a single source of
guidance for fair value measurements and disclosures about fair value measurements. The fair value measurement
requirements of FRS 113 apply to both nancial instrument items and non-nancial assets for which other FRSs
require or permit fair value measurements and disclosures about fair value measurements, except for share-based
payment transactions that are within the scope of FRS 102 Share-based Payment, leasing transactions that are
within the scope of FRS 17 Leases, and measurements that have some similarities to fair value but are not fair
value (e.g. net realisable value for the purposes of measuring inventories or value in use for impairment assessment
purposes).

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (contd)
FRS 113 Fair Value Measurement (contd)
FRS 113 includes extensive disclosure requirements, although specic transitional provisions were given to entities
such that they need not apply the disclosure requirements set out in the Standard in comparative information
provided for periods before the initial application of the Standard. Consequently the group has not made any new
disclosures required by FRS 113 for the comparative period.
Other than the additional disclosures, the application of FRS 113 has not had any material impact on the amounts
recognised in the consolidated nancial statements.
At the date of authorisation of these nancial statements, the following new/revised FRSs and amendments to FRS
that are relevant to the group and the company were issued but not effective:
FRS 27 (Revised) Separate Financial Statements
FRS 110 Consolidated Financial Statements
FRS 112 Disclosure of Interests in Other Entities
FRS 110, FRS 112 Transition Guidance
Amendments to FRS 36 Impairment of Assets
Consequential amendments were also made to various standards as a result of these new/revised standards.
FRS 110 Consolidated Financial Statements and FRS 27 Separate Financial Statements
FRS 110 replaces the control assessment criteria and consolidation requirements currently in FRS 27 and
INT FRS 12 Consolidation - Special Purpose Entities.
FRS 110 denes the principle of control and establishes control as the basis for determining which entities are
consolidated in the consolidated nancial statements. It also provides more extensive application guidance on
assessing control based on voting rights or other contractual rights. Under FRS 110, control assessment will be
based on whether an investor has (i) power over the investee; (ii) exposure, or rights, to variable returns from its
involvement with the investee; and (iii) the ability to use its power over the investee to affect the amount of the
returns. FRS 27 remains as a standard applicable only to separate nancial statements.
FRS 110 will take effect from nancial years beginning on or after January 1, 2014, with retrospective application
subject to transitional provisions.
Taking into account the new definition of control and the additional guidance on control set out in
FRS 110, management anticipates that the application of FRS 110 will not have a material impact on the companys
ownership interest in its subsidiaries.
FRS 112 Disclosure of Interests in Other Entities
FRS 112 requires an entity to provide more extensive disclosures regarding the nature of and risks associated with
its interest in subsidiaries, associates, joint arrangements and unconsolidated structured entities.
FRS 112 will take effect from nancial years beginning on or after January 1, 2014.Upon adoption of FRS 112, the
group expects expanded disclosures relating to its interests in subsidiaries and associates.
Amendments to FRS 36 Impairment of Assets
The amendments to FRS 36 restrict the requirement to disclose the recoverable amount of an asset or cash
generating unit (CGU) to periods in which an impairment loss has been recognised or reversed. The amendments
also expand and clarify the disclosure requirements applicable when such asset or CGUs recoverable amount
has been determined on the basis of fair value less costs of disposal, such as the level of fair value hierarchy
within which the fair value measurement of the asset or CGU has been determined, and where the fair value
measurements are at Level 2 or 3 of the fair value hierarchy, a description of the valuation techniques used and any
changes in that valuation technique, key assumptions used including discount rate(s) used.

Upon adoption of the amendments to FRS 36, the group expects additional disclosures arising from any asset
impairment loss or reversals, and where their respective recoverable amounts are determined based on fair value
less costs of disposal.
The management anticipates that the adoption of the above FRSs and amendments to FRS in future periods will not
have a material impact on the nancial statements of the company in the period of their initial adoption.
BASIS OF CONSOLIDATION - The consolidated nancial statements incorporate the nancial statements of the
company and entities (including special purpose entities) controlled by the company (its subsidiaries). Control is
achieved where the company has the power to govern the nancial and operating policies of an entity so as to
obtain benets from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the consolidated statement of
prot or loss and other comprehensive income from the effective date of acquisition and up to the effective date of
disposal, as appropriate.
Where necessary, adjustments are made to the nancial statements of subsidiaries to bring their accounting policies
into line with those used by other members of the group.
All intra-group transactions, balances, income and expenses are eliminated in full on consolidation.
Non-controlling interests in subsidiaries are identied separately from the groups equity therein. The interest of non-
controlling shareholders that are present ownership interests and entitle their holders to a proportionate share of
the entitys net assets in the event of liquidation may be initially measured (at date of original business combination)
either at fair value or at the non-controlling interests proportionate share of the fair value of the acquirees identiable
net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Other types of
non-controlling interests are measured at fair value or, when applicable, on the basis specied in another FRS.
Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial
recognition plus the non-controlling interests share of subsequent changes in equity. Total comprehensive income is
attributed to non-controlling interests even if this results in the non-controlling interests having a decit balance.
Changes in the groups interest in a subsidiary that do not result in a loss of control are accounted for as equity
transactions. The carrying amounts of the groups interests and the non-controlling interests are adjusted to reect
the changes in their relative interests in the subsidiary. Any difference between the amount by which the non-
controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in
equity and attributed to owners of the company.
When the group loses control of a subsidiary, the prot or loss on disposal is calculated as the difference between
(i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the
previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling
interests. Amounts previously recognised in other comprehensive income in relation to the subsidiary are accounted
for (i.e. reclassied to prot or loss or transferred directly to retained earnings) in the same manner as would
be required if the relevant assets or liabilities were disposed of. The fair value of any investment retained in the
former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent
accounting under FRS 39 Financial Instruments: Recognition and Measurement or, when applicable, the cost on
initial recognition of an investment in an associate or jointly controlled entity.
In the companys nancial statements, investments in subsidiaries and associates are carried at cost less any
impairment in net recoverable value that has been recognised in prot or loss.
BUSINESS COMBINATIONS - Acquisition of subsidiaries and businesses are accounted for using the acquisition
method. The consideration for each acquisition is measured at the aggregate of the acquisition date fair values of
assets given, liabilities incurred by the group to the former owners of the acquiree and equity interests issued by the
group in exchange for control of the acquiree. Acquisition-related costs are recognised in prot or loss as incurred.

Where applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent
consideration arrangement, measured at its acquisition-date fair value. Subsequent changes in such fair values
are adjusted against the cost of acquisition where they qualify as measurement period adjustments (see below).
The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify
as measurement period adjustments depends on how the contingent consideration is classied. Contingent
consideration that is classied as equity is not remeasured at subsequent reporting dates and its subsequent
settlement is accounted for within equity. Contingent consideration that is classied as an asset or a liability
is remeasured at subsequent reporting dates in accordance with FRS 39 Financial Instruments: Recognition
and Measurement, or FRS 37 Provisions, Contingent Liabilities and Contingent Assets, as appropriate, with the
corresponding gain or loss being recognised in prot or loss.
Where a business combination is achieved in stages, the groups previously held interest in the acquired entity are
remeasured to fair value at the acquisition date (i.e. the date the group attains control) and the resulting gain or loss,
if any, is recognised in prot or loss. Amounts arising from interests in the acquiree prior to the acquisition date
that have previously been recognised in other comprehensive income are reclassied to prot or loss, where such
treatment would be appropriate if that interest were disposed of.
The acquirees identiable assets, liabilities and contingent liabilities that meet the conditions for recognition under
the FRS are recognised at their fair value at the acquisition date, except that:
deferred tax assets or liabilities and liabilities or assets related to employee benet arrangements are
recognised and measured in accordance with FRS 12 Income Taxes and FRS 19 Employee Benefits
respectively;
liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based
payment arrangements of the group entered into to replace share-based payment arrangements of the
acquiree are measured in accordance with FRS 102 Share-based Payment at the acquisition date; and
assets (or disposal groups) that are classied as held for sale in accordance with FRS 105 Non-current
Assets Held for Sale and Discontinued Operations are measured in accordance with that Standard.
If the initial accounting for a business combination is incomplete by the end of the reporting period in which the
combination occurs, the group reports provisional amounts for the items for which the accounting is incomplete.
Those provisional amounts are adjusted during the measurement period (see below), or additional assets or liabilities
are recognised, to reect new information obtained about facts and circumstances that existed as of the acquisition
date that, if known, would have affected the amounts recognised as of that date.
The measurement period is the period from the date of acquisition to the date the group obtains complete
information about facts and circumstances that existed as of the acquisition date and is subject to a maximum of
one year from acquisition date.
The accounting policy for initial measurement of non-controlling interests is described above.
FINANCIAL INSTRUMENTS - Financial assets and nancial liabilities are recognised on the groups statement of
nancial position when the group becomes a party to the contractual provisions of the instrument.
Effective interest method
The effective interest method is a method of calculating the amortised cost of a nancial instrument and allocating
interest income or expense over the relevant period. The effective interest rate is the rate that exactly discounts
estimated future cash receipts or payments (including all fees on points paid or received that form an integral part
of the effective interest rate, transaction costs and other premium or discounts) through the expected life of the
nancial instrument, or where appropriate, a shorter period. Income and expense is recognised on an effective
interest basis for debt instruments other than those nancial instruments at fair value through prot or loss.
Financial assets
All nancial assets are recognised and de-recognised on a trade date where the purchase or sale of an investment
is under a contract whose terms require delivery of the investment within the timeframe established by the market
concerned, and are initially measured at fair value plus transaction costs, except for those nancial assets classied
as at fair value through prot or loss which are initially measured at fair value.

Loans and receivables
Trade receivables, loans and other receivables that have xed or determinable payments that are not quoted in
active markets are classied as loans and receivables. Loans and receivables are measured at amortised cost
using the effective interest method less impairment.Interest is recognised by applying the effective interest method,
except for short-term receivables where the recognition of interest would be immaterial.
Impairment of nancial assets
Financial assets, other than those at fair value through prot or loss, are assessed for indicators of impairment at the
end of each reporting period. Financial assets are impaired where there is objective evidence that, as a result of one
or more events that occurred after the initial recognition of the nancial asset, the estimated future cash ows of the
investment have been impacted.
For nancial assets, objective evidence of impairment could include:
signicant nancial difculty of the issuer or counterparty; or
default or delinquency in interest or principal payments; or
it becoming probable that the borrower will enter bankruptcy or nancial re-organisation.
For certain categories of nancial asset, such as trade receivables, assets that are assessed not to be impaired
individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment for
a portfolio of receivables could include the groups past experience of collecting payments, an increase in the
number of delayed payments in the portfolio past the average credit period of 30 to 120 days, as well as observable
changes in national or local economic conditions that correlate with default on receivables.
For nancial assets carried at amortised cost, the amount of the impairment is the difference between the assets
carrying amount and the present value of estimated future cash ows, discounted at the original effective interest
rate.
The carrying amount of the nancial asset is reduced by the impairment loss directly for all nancial assets with the
exception of trade and other receivables where the carrying amount is reduced through the use of an allowance
account. When trade or other receivables are uncollectible, these are written off against the allowance account.
Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in
the carrying amount of the allowance account are recognised in prot or loss.
Derecognition of nancial assets
The group derecognises a nancial asset only when the contractual rights to the cash ows from the asset expire, or
it transfers the nancial asset and substantially all the risks and rewards of ownership of the asset to another entity.
If the group neither transfers nor retains substantially all the risks and rewards of ownership and continues to control
the transferred asset, the group recognises its retained interest in the asset and an associated liability for amounts
it may have to pay. If the group retains substantially all the risks and rewards of ownership of a transferred nancial
asset, the group continues to recognise the nancial asset and also recognises a collateralised borrowing for the
proceeds received.
Financial liabilities and equity instruments
Classication as debt or equity
Financial liabilities and equity instruments issued by the group are classied according to the substance of the
contractual arrangements entered into and the denitions of a nancial liability and an equity instrument.
Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all
of its liabilities. Equity instruments are recorded at the proceeds received, net of direct issue costs.

Financial liabilities
Trade and other payables are initially measured at fair value, net of transaction costs, and are subsequently
measured at amortised cost, using the effective interest method, with interest expense recognised on an effective
yield basis.
Interest-bearing bank loans and overdrafts are initially measured at fair value, and are subsequently measured at
amortised cost, using the effective interest method.Any difference between the proceeds (net of transaction costs)
and the settlement or redemption of borrowings is recognised over the term of the borrowings in accordance with
the groups accounting policy for borrowing costs (see below).
Derecognition of nancial liabilities
The group derecognises nancial liabilities when, and only when, the groups obligations are discharged, cancelled
or they expire.
Derivative nancial instruments
The group enters into a variety of derivative nancial instruments to manage its exposure to foreign exchange rate
risk, including foreign exchange forward contracts. The group does not use derivative nancial instruments for
speculative purposes. Further details of derivative nancial instruments are disclosed in Note 22 to the nancial
statements.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently
remeasured to their fair value at the end of each reporting period. The resulting gain or loss is recognised in prot or
loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing
of the recognition in prot or loss depends on the nature of the hedge relationship.
A derivative is presented as a non-current asset or a non-current liability if the remaining maturity of the instrument
is more than 12 months and it is not expected to be realised or settled within 12 months. Other derivatives are
presented as current assets or current liabilities.
Fair value hedge
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in prot or
loss immediately, together with any changes in the fair value of the hedged item that is attributable to the hedged
risk. The change in the fair value of the hedging instrument and the change in the hedged item attributable to the
hedged risk are recognised in the line of the consolidated statement of prot or loss and other comprehensive
income relating to the hedged item.
Hedge accounting is discontinued when the group revokes the hedging relationship, the hedging instrument expires
or is sold, terminated, or exercised, or no longer qualies for hedge accounting. The adjustment to the carrying
amount of the hedged item arising from the hedged risk is amortised to prot or loss from that date.
Financial guarantee contracts
Financial guarantee contract liabilities are measured initially at their fair values and subsequently at the
higher of the amount of obligation under the contract recognised as a provision in accordance with
FRS 37 Provisions, Contingent Liabilities and Contingent Assets and the amount initially recognised less cumulative
amortisation in accordance with FRS 18 Revenue.
LEASES - Leases are classied as nance leases whenever the terms of the lease transfer substantially all the risks
and rewards of ownership to the lessee.All other leases are classied as operating leases.
The group as lessee
Assets held under nance leases are recognised as assets of the group at their fair value at the inception of the
lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor
is included in the statement of nancial position as a nance lease obligation. Lease payments are apportioned
between nance charges and reduction of the lease obligation so as to achieve a constant rate of interest on the
remaining balance of the liability. Finance charges are charged directly to prot or loss.

The group as lessee (contd)
Rentals payable under operating leases are charged to prot or loss on a straight-line basis over the term of the
relevant lease unless another systematic basis is more representative of the time pattern in which economic benets
from the leased asset are consumed.
The group as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless
another systematic basis is more representative of the time pattern in which use benet derived from the leased
asset is diminished.
ASSETS CLASSIFIED AS HELD FOR SALE - Non-current assets and disposal groups are classied as held for sale
if their carrying amount will be recovered principally through a sale transaction rather than through continuing use.
This condition is regarded as met only when the sale is highly probable and the asset (or disposal group) is available
for immediate sale in its present condition. Management must be committed to the sale, which should be expected
to qualify for recognition as a completed sale within one year from the date of classication.
Non-current assets (and disposal groups) classied as held for sale are measured at the lower of their previous
carrying amount and fair value less costs to sell.
INVENTORIES - Inventories are stated at the lower of cost and net realisable value. Inventories comprise electrical
and electronic components and products, lights and lighting components and cable and wire products for trading
by the various subsidiaries and raw materials, work-in-progress and nished goods for the company and other
manufacturing entities.Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the inventories to their present location and condition.
The cost of inventories for trading is calculated on a weighted-average basis. The cost of raw materials for
manufacturing entities is calculated on a first-in-first-out basis. Work-in-progress and finished goods for
manufacturing entities are calculated using the weighted-average method. Net realisable value represents the
estimated selling price less all estimated costs to completion and costs to be incurred in marketing, selling and
distribution.
PROPERTY, PLANT AND EQUIPMENT - Property, plant and equipment are carried at cost less accumulated
depreciation and any impairment losses.
Depreciation is charged so as to write off the cost of assets, other than land, over their estimated useful lives, using
the straight-line method, on the following bases:
Freehold properties - 2.5%

Leasehold land and buildings - 1.67% to 10.4%
Ofce equipment and furniture - 7.5% to 100%
Plant and machinery - 10% to 20%
Motor vehicles - 15% to 20%
The estimated useful lives, residual values and depreciation method are reviewed at each year end, with the effect of
any changes in estimate accounted for on a prospective basis.
Depreciation is not provided on freehold land.
Fully depreciated assets still in use are retained in the nancial statements.
Assets held under nance leases are depreciated over their expected useful lives on the same basis as owned
assets or, if there is no certainty that the lessee will obtain ownership by the end of the lease term, the asset shall be
fully depreciated over the shorter of the lease term and its useful life.
The gain or loss arising on disposal or retirement of an item of property, plant and equipment is determined as the
difference between the sales proceeds and the carrying amounts of the asset and is recognised in prot or loss.

INVESTMENT PROPERTY - Investment property, which is property held to earn rentals, is carried at cost less
accumulated depreciation and any impairment losses. Depreciation is charged so as to write off the cost of the
investment property over its estimated useful life at an annual rate of 2% using the straight-line method.
The estimated useful life, residual value and depreciation method are reviewed at the end of each reporting period,
with the effect of any changes in estimate accounted for on a prospective basis.
The gain or loss arising on disposal or retirement of an item of investment property is determined as the difference
between the sales proceeds and the carrying amounts of the asset and is recognised in prot or loss.
INTANGIBLE ASSETS - Intangible assets acquired in a business combination are identied and recognised
separately from goodwill if the assets and their fair values can be measured reliably. The cost of such intangible
assets is their fair value as at the acquisition date.
Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less
accumulated impairment losses, on the same basis as intangible assets acquired separately.
The useful lives of intangible assets are assessed as either nite or indenite.
Intangible assets with nite useful lives are amortised on a straight-line basis over the estimated useful lives. The
amortisation period and method are reviewed at least at each nancial year end.
Intangible assets with indenite useful lives or not yet available for use are tested for impairment annually, or more
frequently if the events or circumstances indicate that the carrying value may be impaired either individually or
at the cash-generating unit level. Such intangible assets are not amortised. The useful life of an intangible asset
with an indenite useful life is reviewed annually to determine whether the useful life assessment continues to be
supportable. If not, the change in useful life from indenite to nite is made on a prospective basis.
Intangible assets relating to customer relationships and proprietary application software acquired in a business
combination have nite useful lives and are measured at cost less accumulated amortisation and impairment losses.
The customer relationships and proprietary application software are amortised on a straight-line basis over their
estimated useful lives and recorded as part of selling and distribution expenses and cost of sales respectively in
the consolidated statement of prot or loss and other comprehensive income. Their estimated useful lives are as
follows:
Customer relationships - 9 years

Proprietary application software - 5 years
Patents, trademarks and technical fees are amortised on a straight-line basis over their estimated useful lives of
between 3 to 20 years and recorded as part of administrative expenses in the consolidated statement of prot or
loss and other comprehensive income.
Software costs that are directly associated with identiable software controlled by the group that will probably
generate economic benets exceeding costs beyond one year, are recognised as intangible assets.
Internally developed software are initially capitalised at cost which includes the purchase price (net of any discounts
and rebates, and government grant) and other directly attributable costs of preparing the software for its intended
use. Direct expenditure which enhances or extends the performance of software beyond its specications and which
can be reliably measured is added to the original cost of the software. Costs associated with maintaining computer
software are recognised as an expense as incurred.
Software is subsequently carried at cost less accumulated amortisation and accumulated impairment losses. These
costs are amortised to prot or loss using the straight-line method over their estimated useful lives of 10 years.
The period and method of amortisation of the software are reviewed at least at each nancial year end. The effects
of any revision of the amortisation period or method are included in prot or loss for the period in which the changes
arise. Gains or losses arising from derecognition of an intangible asset are measured as the difference between the
net disposal proceeds and the carrying amount of the asset and are recognised in prot or loss when the asset is
derecognised.

IMPAIRMENT OF TANGIBLE AND INTANGIBLE ASSETS - At the end of each reporting period, the group reviews
the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those
assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is
estimated in order to determine the extent of the impairment loss (if any).Where it is not possible to estimate the
recoverable amount of an individual asset, the group estimates the recoverable amount of the cash-generating unit
to which the asset belongs. Where a reasonable and consistent basis of allocation can be identied, corporate
assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of
cash-generating units for which a reasonable and consistent allocation basis can be identied.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
estimated future cash ows are discounted to their present value using a pre-tax discount rate that reects current
market assessments of the time value of money and the risks specic to the asset for which the estimates of future
cash ows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount,
the carrying amount of the asset (cash-generating unit) is reduced to its recoverable amount. An impairment loss is
recognised immediately in prot or loss, unless the relevant asset is carried at a revalued amount, in which case the
impairment loss is treated as a revaluation decrease.
Where an impairment loss subsequently reverses, the carrying amount of the asset (cash-generating unit) is
increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not
exceed the carrying amount that would have been determined had no impairment loss been recognised for the
asset (cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in prot or
loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is
treated as a revaluation increase.
ASSOCIATES - Associates are entities over which the group has signicant inuence and that are neither a
subsidiary nor an interest in a joint venture. Signicant inuence is the power to participate in the nancial and
operating policy decisions of the investee but is not control or joint control over those policies.
The results and assets and liabilities of associates are incorporated in these nancial statements using the equity
method of accounting. Under the equity method, investments in associates are carried in the consolidated
statement of nancial position at cost as adjusted for post-acquisition changes in the groups share of the net assets
of the associate, less any impairment in the value of individual investments.Losses of an associate in excess of the
groups interest in that associate (which includes any long-term interests that, in substance, form part of the groups
net investment in the associate) are not recognised, unless the group has incurred legal or constructive obligations
or made payments on behalf of the associate.
Any excess of the cost of acquisition over the groups share of the net fair value of the identiable assets, liabilities
and contingent liabilities of the associate recognised at the date of acquisition is recognised as goodwill. The
goodwill is included within the carrying amount of the investment and is assessed for impairment as part of the
investment.Any excess of the groups share of the net fair value of the identiable assets, liabilities and contingent
liabilities over the cost of acquisition, after reassessment, is recognised immediately in prot or loss.
Where a group entity transacts with an associate of the group, prots and losses are eliminated to the extent of the
groups interest in the relevant associate.
PROVISIONS - Provisions are recognised when the group has a present obligation (legal or constructive) as a result
of a past event, it is probable that the group will be required to settle that obligation, and a reliable estimate can be
made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the
obligation. Where a provision is measured using the cash ows estimated to settle the present obligation, its
carrying amount is the present value of those cash ows.
When some or all of the economic benets required to settle a provision are expected to be recovered from a third
party, the receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the
amount of the receivable can be measured reliably.

Onerous contracts
Present obligations arising under onerous contracts are recognised and measured as a provision. An onerous
contract is considered to exist where the group has a contract under which the unavoidable costs of meeting the
obligations under the contract exceed the economic benets expected to be received under it.
REVENUE RECOGNITION - Revenue is measured at the fair value of the consideration received or receivable.
Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Revenue from the sale of goods is recognised when all the following conditions are satised:
the group has transferred to the buyer the signicant risks and rewards of ownership of the goods;
the group retains neither continuing managerial involvement to the degree usually associated with ownership
nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the economic benets associated with the transaction will ow to the group; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from rendering of services that are of short duration is recognised upon billings raised for performance of
services.
Revenue from rendering services that are project-based is recognised when the services are rendered, by reference
to completion of the specic transaction and upon acceptance by the customer.
Interest income
Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate
applicable.
Dividend income
Dividend income from investments is recognised when the shareholders right to receive payment have been
established.
BORROWING COSTS - Borrowing costs are recognised in prot or loss in the period in which they are incurred.
RETIREMENT BENEFIT COSTS - Payments to dened contribution retirement benet plans are charged as an
expense when employees have rendered the services entitling them to the contribution. Payments made to state-
managed retirement benet schemes, such as the Singapore Central Provident Fund, are dealt with as payments to
dened contribution plans where the groups obligations under the plans are equivalent to those arising in a dened
contribution retirement benet plan.
EMPLOYEE LEAVE ENTITLEMENT - Employee entitlements to annual leave are recognised when they accrue
to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by
employees up to the end of the reporting period.
SHARE-BASED PAYMENTS - The group issues equity-settled share-based payments to qualifying

employees. Equity-settled share-based payments are measured at fair value of the equity instruments at the date
of grant.The fair value determined at the grant date of the equity-settled share-based payments is expensed on a
straight-line basis over the vesting period, based on the groups estimate of the number of equity instruments that
will eventually vest.

INCOME TAX - Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable prot for the year. Taxable prot differs from prot as reported in the
consolidated statement of prot or loss and other comprehensive income because it excludes items of income
or expense that are taxable or deductible in other years and it further excludes items that are not taxable or tax
deductible. The groups liability for current tax is calculated using tax rates (and tax laws) that have been enacted
or substantively enacted in countries where the company and its subsidiaries operate by the end of the reporting
period.
Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the nancial
statements and the corresponding tax bases used in the computation of taxable prot. Deferred tax liabilities are
generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it
is probable that taxable prots will be available against which deductible temporary differences can be utilised. Such
assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition
(other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable
prot nor the accounting prot.
Deferred tax liabilities are recognised on taxable temporary differences arising on investments in subsidiaries and
associates, except where the group is able to control the reversal of the temporary difference and it is probable that
the temporary difference will not reverse in the foreseeable future.
Deferred tax assets arising from deductible temporary differences associated with such investments and interest are
only recognised to the extent that it is probable that there will be sufcient taxable prots against which to utilise the
benets of the temporary differences and they are expected to reverse in the foreseeable future.
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the
extent that it is no longer probable that sufcient taxable prots will be available to allow all or part of the asset to be
recovered.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the
asset realised based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end
of the reporting period. The measurement of deferred tax liabilities and assets reects the tax consequences that
would follow from the manner in which the group expects, at the end of the reporting period, to recover or settle the
carrying amount of its assets and liabilities.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets
against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the
group intends to settle its current tax assets and liabilities on a net basis.
Current and deferred tax are recognised as an expense or income in prot or loss, except when they relate to
items credited or debited outside prot or loss (either in other comprehensive income or directly in equity), in which
case the tax is also recognised outside prot or loss (either in other comprehensive income or directly in equity,
respectively), or where they arise from the initial accounting for a business combination. In the case of a business
combination, the tax effect is taken into account in calculating goodwill or determining the excess of the acquirers
interest in the net fair value of the acquirees identiable assets, liabilities and contingent liabilities over cost.
FOREIGN CURRENCY TRANSACTIONS AND TRANSLATION - The individual nancial statements of each group
entity are measured and presented in the currency of the primary economic environment in which the entity operates
(its functional currency).The consolidated nancial statements of the group and the statement of nancial position
and statement of changes in equity of the company are presented in Singapore dollars, which is the functional
currency of the company and the presentation currency for the consolidated nancial statements.
In preparing the nancial statements of the individual entities, transactions in currencies other than the entitys
functional currency are recorded at the rate of exchange prevailing on the date of the transaction. At the end of
each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at
the end of the reporting period. Non-monetary items carried at fair value that are denominated in foreign currencies
are retranslated at the rates prevailing on the date when the fair value was determined. Non-monetary items that
are measured in terms of historical cost in a foreign currency are not retranslated.

Exchange differences arising on the settlement of monetary items, and on retranslation of monetary items are
included in prot or loss for the period. Exchange differences arising on the retranslation of non-monetary items
carried at fair value are included in prot or loss for the period except for differences arising on the retranslation
of non-monetary items in respect of which gains and losses are recognised in other comprehensive income. For
such non-monetary items, any exchange component of that gain or loss is also recognised in other comprehensive
income.
Exchange differences on transactions entered into in order to hedge certain foreign currency risks are described in
the derivative nancial instruments accounting policy above.
For the purpose of presenting consolidated nancial statements, the assets and liabilities of the groups foreign
operations (including comparatives) are expressed in Singapore dollars using exchange rates prevailing at the end
of the reporting period. Income and expense items (including comparatives) are translated at the average exchange
rates for the period, unless exchange rates uctuated signicantly during that period, in which case the exchange
rates at the dates of the transactions are used. Exchange differences arising, if any, are recognised in other
comprehensive income and accumulated in a separate component of equity under the header of foreign currency
translation reserve.
On the disposal of a foreign operation (i.e. a disposal of the groups entire interest in a foreign operation, or a
disposal involving loss of control over a subsidiary that includes a foreign operation, or loss of signicant inuence
over an associate that includes a foreign operation), all of the accumulated exchange differences in respect of that
operation attributable to the group are reclassied to prot or loss. Any exchange differences that have previously
been attributed to non-controlling interests are derecognised, but they are not reclassied to prot or loss.
On consolidation, exchange differences arising from the translation of the net investment in foreign entities (including
monetary items that, in substance, form part of the net investment in foreign entities), and of borrowings and other
currency instruments designated as hedges of such investments, are recognised in other comprehensive income
and accumulated in a separate component of equity under the header of foreign currency translation reserve.
CASH AND CASH EQUIVALENTS IN THE STATEMENT OF CASH FLOWS - Cash and cash equivalents comprise
cash on hand and demand deposits and bank overdrafts that are readily convertible to a known amount of cash
and are subject to an insignicant risk of changes in value.
3 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the groups accounting policies, which are described in Note 2, management is required to
make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not
readily apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of
the revision and future periods if the revision affects both current and future periods.
(a) Critical judgements in applying the entitys accounting policies
In the process of applying the groups accounting policies, which are described in Note 2, management
is not aware of any judgements that have signicant effect on the amounts recognised in the nancial
statements, apart from those involving estimations as discussed below.

3 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION

UNCERTAINTY (contd)
(b) Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimation uncertainty at the end of
the reporting period, that have a signicant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next nancial year, are discussed below.
i) Allowance for doubtful receivables
Allowance for doubtful receivables of the group is based on an assessment of the collectability of
receivables. A considerable amount of judgement is required in assessing the ultimate realisation of
these receivables, including their current creditworthiness, past collection history of each customer
and ongoing dealings with them.If the nancial conditions of the counterparties with which the group
contracted were to deteriorate, resulting in an impairment of their ability to make payments, additional
allowance may be required.
The allowance and carrying amount of doubtful receivables at the end of the reporting period are
disclosed in Note 7 to the nancial statements.
ii) Provision for onerous contracts
An onerous contract is considered to exist where the group has a contract under which the
unavoidable costs of meeting the obligations under the contract exceed the economic benets
expected to be received under it.
An assessment is made at each reporting date whether any major contracts are deemed onerous and
provisions are made accordingly. Provisions for onerous contracts represent the estimated losses
arising from the differences between (1) the committed selling prices and estimated cost of sales for
the unfullled sales quantities committed in respect of contracts for which delivery has substantially
commenced by the end of the nancial year and (2) the committed prices and estimated cost for the
services committed in respect of uncompleted contracts.
The provision for onerous contracts at the end of the reporting period is disclosed in
Note 20 to the nancial statements.
iii) Allowance for inventories
The policy for allowance for inventories for the group is based on managements judgement and
evaluation of the saleability and the aging analysis of the individual inventory item. A considerable
amount of judgement is required in assessing the ultimate realisation of these inventories, including
the current market price and movement trend of each inventory.The carrying amount of inventories
at the end of the reporting period is disclosed in Note9 to the nancial statements.
iv) Impairment of investments in subsidiaries and associates
Management of the company performs impairment assessment of the recoverable amount of the
investments in subsidiaries and associates at the end of each reporting period to determine whether
there is any indication that its subsidiaries and associates are impaired. Where there is an indicator
of impairment, the recoverable amounts of investment in subsidiaries and associates would be
determined based on higher of fair value less costs to sell and value-in-use calculations. The value-in-
use calculations require the use of judgements and estimates.
The carrying amount of investments in and advances to subsidiaries at end of the reporting
period was $32,914,000 (2013 : $32,375,000), which is net of an impairment loss of $Nil (2013 :
$11,600,000).
The carrying amount of investments in associates at the end of the reporting period is disclosed in
Note 12 to the nancial statements.

3 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION

UNCERTAINTY (contd)
(b) Key sources of estimation uncertainty (contd)
v) Impairment of property, plant and equipment
The group has recorded its freehold land at cost.
The groups freehold properties, leasehold land and buildings are stated at cost less accumulated
depreciation and impairment loss. Where there is an indication of impairment, the recoverable
amounts of the freehold land, freehold properties, leasehold land and leasehold buildings would be
determined by management using independent valuers.
The group has assessed the recoverable value of its freehold land, freehold properties, leasehold
land and leasehold buildings to equal or exceed the cost of each of the individual properties and
management has concluded that there is no impairment with regard to these properties. In making
its judgement, management engages professional third party valuers periodically to perform a
valuation exercise on the land and buildings to ensure that the fair value reects the current economic
conditions in Singapore, Malaysia, Brunei and Vietnam and updates their estimates based on latest
property prices in current year.
The group has assessed the carrying amounts of the other plant and equipment and concluded that
there is no indicators of impairment.
vi) Impairment of investment properties
The groups investment properties are stated at cost less accumulated depreciation and impairment
loss. Where there is an indication of impairment, the recoverable amount of investment property
would be determined by management using independent valuers.
The estimated market value may differ from the price at which the investment property could be
sold at a particular time, since actual selling prices are negotiated between willing buyers and
sellers. Also, certain estimates require an assessment of factors not within managements control,
such as market conditions.
The carrying amount of the investment properties as at the end of the reporting period
was $1,131,000 (2013 : $1,171,000).No impairment is deemed to be necessary by management.
vii) Impairment of customer relationships
The management of the group performs an impairment assessment of the customer relationships to
determine whether there is any indication that they may be impaired as at June 30, 2014. In making
this assessment, management considers the estimates and assumptions used in determining the
carrying value of customer relationships including account attrition, expected lives and other factors.
Signicant changes in these estimates and assumptions could adversely impact the valuation of the
customer relationships.
Management has assessed that the estimates and assumptions used in prior years remain
appropriate and no impairment in customer relationships is required. The carrying value of customer
relationships is $1,551,000 (2013 : $1,783,000) as at the end of the reporting period.

4 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT
(a) Categories of financial instruments
The following table sets out the nancial instruments as at the end of the reporting period.
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Financial assets
Loans and receivables (including cash
and cash equivalents) 114,313 120,659 67,302 66,604
Derivative nancial instruments 1,424
Financial liabilities
Amortised cost 59,158 77,904 27,085 34,386
(b) Financial risk management policies and objectives
The groups overall nancial risk management programme seeks to minimise potential adverse effects of
nancial performance of the group. Management reviews the overall nancial risk management on specic
areas, such as market risk (including foreign exchange risk, interest rate risk, equity price risk), credit risk,
liquidity risk, use of derivative nancial instruments and investing excess cash.
The group uses a variety of derivative nancial instruments to manage its exposure to interest rate and
foreign currency risk, including:
short-term forward foreign contracts to manage the foreign currency exchange rate risk.
There has been no change to the groups exposure to these nancial risks or the manner in which it
manages and measures the risk. Market risk exposures are measured using sensitivity analysis indicated
below.
i) Foreign exchange risk management
The group operates regionally, giving rise to signicant exposure to market risk from changes in
foreign exchange rates. Exposures to foreign exchange risks are managed as far as possible by
natural hedge of matching assets and liabilities.
The groups exposure to foreign exchange risk arises mainly from transactions denominated in United
States dollar and other foreign currencies relative to the Singapore dollar.
At the end of the reporting period, the carrying amounts of signicant monetary assets and monetary
liabilities that are not denominated in the functional currencies of the respective group entities are as
follows:
Group Company
Liabilities Assets Liabilities Assets
2014 2013 2014 2013 2014 2013 2014 2013
$000 $000 $000 $000 $000 $000 $000 $000
United States dollar 12,257 14,681 5,384 4,661 8,564 9,847 1,085 2,020
Euro 907 2,238 13 52 826 1,208
Singapore dollar 63 314 1,530 3,046
Malaysian ringgit 1,625 1,625

4 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (contd)
(b) Financial risk management policies and objectives (contd)
i) Foreign exchange risk management (contd)
Management enters into short-term forward foreign currency exchange contracts to manage foreign
currency exchange rate risk. The groups commitments on forward foreign exchange contracts
at June 30, 2013 are disclosed in Note 22. There were no outstanding forward foreign exchange
contracts at June 30, 2014.
The company has a number of investments in foreign subsidiaries, whose net assets are exposed to
currency translation risk. The group does not currently designate its foreign currency denominated
debt as a hedging instrument for the purpose of hedging the translation of its foreign operations.
Foreign currency sensitivity
The following table details the sensitivity to a 10% increase and decrease in functional currency
against the relevant foreign currencies after factoring in the impact of forward foreign exchange
contracts.The sensitivity analysis includes external loans as well as loans to foreign operations within
the group where the denomination of the loan is in a currency other than the currency of the lender or
the borrower.
If the functional currency of the respective group entities appreciates (depreciates) by 10% against the
relevant foreign currencies, prot before income tax will increase (decrease) by:
United States Singapore Malaysian

Dollar impact Euro impact Dollar impact Ringgit impact
2014 2013 2014 2013 2014 2013 2014 2013
$000 $000 $000 $000 $000 $000 $000 $000
Group
Prot or loss 687 1,002 89 62 (147) (225) (163)
Company
Prot or loss 748 783 83 121 (163)
The impact to prot or loss is mainly attributable to the exposure outstanding on receivables and
payables at the end of the reporting period in the group.
In managements opinion, the sensitivity analysis is unrepresentative of the inherent foreign exchange
risk as the year end exposure does not reect the exposure during the year.
ii) Interest rate risk management
The groups exposure to the risk of changes in interest rates relates mainly to bank borrowings.The
group actively reviews its debt portfolio to achieve the most favourable interest rates available.
The interest rates and terms of repayment for bank borrowings, leases and long-term borrowings of
the group are disclosed in Notes 18, 21 and 23 to the nancial statements.
A signicant portion of the groups borrowings are on a xed rate interest basis. Accordingly, future
uctuation in interest rate is not expected to have any signicant impact on the prot or loss of the
group.
The interest rates and repricing period for xed deposits are disclosed in Note 6 to the nancial
statements.

ii) Interest rate risk management (contd)
Management has considered the total outstanding borrowings as well as their current interest rate
environment and does not expect the effect of changes in interest rate on these borrowings to be
signicant.
Summary quantitative date of the groups interest-bearing nancial instruments can be found in
Section (iv) of this note.
iii) Credit risk management
Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting
in nancial loss to the group. The group has adopted a policy of only dealing with creditworthy
counterparties as a means of mitigating the risk of nancial loss from defaults.The groups exposure
and the credit ratings of its counterparties are continuously monitored and the aggregate value of
transactions concluded is spread amongst approved counterparties.
Trade receivables of the group consist of a large number of customers, spread across diverse
industries and geographical areas.Ongoing credit evaluation is performed on the nancial condition of
accounts receivable. The group has no signicant concentration of credit risk.
The group and company is exposed to a concentration of credit risk as trade receivables amounting
to about 6% (2013 : 10%) and 10% (2013 : 19%) respectively are due mainly from a key customer
with good payment history.
The credit risk on liquid funds and derivative financial instruments is limited because the
counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The carrying amount of nancial assets recorded in the nancial statements, grossed up for any
allowances for losses, represents the groups maximum exposure to credit risk without taking account
of the value of any collateral obtained.
Further details of credit risks on trade receivables are disclosed in Note 7 to the nancial statements.
The credit risk for gross trade receivables based on the information provided to key management is
as follows:
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
By geographical areas
Singapore 75,421 73,669 51,333 49,124

Malaysia 8,608 10,598 65 309
Brunei 3,064 3,432 193 50
New Zealand 2,553
Vietnam 3,769 5,046 819 115
Thailand 158 74 152 57
Japan 198 168 198 168
Indonesia 1,233 319 246 50
Others 261 110
Total gross trade receivables 92,712 95,969 53,006 49,873

iv) Liquidity risk management
The group maintains sufcient cash and cash equivalents, availability of adequate committed funding
lines from nancial institutions and internally generated cash ows to nance their activities. The
group nances their liquidity through internally generated cash ows and minimises liquidity risk by
keeping committed credit lines available.
Liquidity and interest risk analyses
Non-derivative nancial liabilities
The following tables detail the remaining contractual maturity for non-derivative nancial liabilities.The
tables have been drawn up based on the undiscounted cash ows of nancial liabilities based on
the earliest date on which the group and company can be required to pay.The table includes both
interest and principal cash ows. The adjustment column represents the possible future cash ows
attributable to the instrument included in the maturity analysis which is not included in the carrying
amount of the nancial liabilities in the statements of nancial position.
Weighted On
average demand Within
effective or within 2 to 5
interest rate 1 year years Adjustments Total
% p.a. $000 $000 $000 $000
Group
2014
Non-interest bearing 33,094 53 33,147
Finance lease liability
(xed rate) 4.71 287 156 (25) 418
Fixed interest rate
instruments 2.58 26,253 (660) 25,593
59,634 209 (685) 59,158
2013
Non-interest bearing 39,674 39,674
(xed rate) 5.49 654 344 (37) 961
Fixed interest rate
instruments 2.87 37,346 994 (1,071) 37,269
77,674 1,338 (1,108) 77,904
Company
2014
(xed rate) 2.60 18 (1) 17
Fixed interest rate
instruments 1.57 12,215 (189) 12,026
27,275 (190) 27,085
2013
Fixed interest rate
instruments 1.38 16,129 (220) 15,909
34,606 (220) 34,386

iv) Liquidity risk management (contd)
The maximum amount that the company could be forced to settle under the corporate guarantee in
relation to credit facilities granted to subsidiaries in Note 34 is $53,405,000 (2013:$57,166,000). The
earliest period that the guarantee could be called is within 1 year (2013:1 year) from the end of the
reporting period. The company considers that it is more likely than not that no amount will be payable
under the arrangement.
Non-derivative nancial assets
The following table details the expected maturity for non-derivative nancial assets. The tables
below have been drawn up based on the undiscounted contractual maturities of the nancial assets
including interest that will be earned on those assets except where the group and the company
anticipate that the cash ow will occur in a different period. The adjustment column represents the
possible future cash ows attributable to the instrument included in the maturity analysis which is not
included in the carrying amount of the nancial assets in the statements of nancial position.
Weighted On
average demand Within
effective or within 2 to 5
interest rate 1 year years Adjustments Total
% p.a. $000 $000 $000 $000
Group
2014
Fixed interest rate
instruments 0.25 9 * 9
114,780 323 115,103
2013
Fixed interest rate
instruments 0.25 10 * 10
120,600 59 120,659
Company
2014
2013
* Amount less than $1,000
Derivative nancial instruments
As at June 30, 2013, the fair value of the gross settled foreign exchange forward contracts which
were on demand or within one year payable amounted to $54,000 in assets.
As at June 30, 2013, the fair value of the right to exercise Personal Undertaking from non-controlling
interests of the subsidiary amounted to $1,370,000.

v) Fair values of nancial assets and nancial liabilities
The carrying amounts of cash and cash equivalents, trade and other current receivables and payables
and other liabilities approximate their respective fair values due to the relatively short-term maturity
of these nancial instruments. The fair values of other classes of nancial assets and liabilities are
disclosed in the respective notes to nancial statements.
The fair values of nancial assets and nancial liabilities are determined as follows:
the fair value of nancial assets and nancial liabilities with standard terms and conditions and
traded on active liquid markets are determined with reference to quoted market prices; and
the fair value of derivative instruments are calculated using quoted prices. Where such prices
are not available, discounted cash ow analysis is used, based on the applicable yield curve
of the duration of the instruments for non-optional derivatives, and option pricing models for
optional derivatives.
Management considers that the carrying amounts of nancial assets and nancial liabilities recorded
at amortised cost in the nancial statements approximate their fair values.
In 2013, the fair value hierarchy of the groups derivative nancial instruments relating to forward
foreign exchange contracts and the right to exercise Personal Undertaking from non-controlling
interests of the subsidiary was classied as Level 2 and Level 3 respectively. There were no
movements between different levels during the year.
(c) Capital risk management policies and objectives
The group manages its capital to ensure that entities in the group will be able to continue as a going concern
while maximising the return to stakeholders through the optimisation of the debt and equity balance.
The capital structure of the group consists of debt, which includes the borrowings disclosed in Notes 18, 21
and 23 (net of cash and cash equivalents) and equity attributable to equity holders of the parent, comprising
issued capital, reserves and accumulated prots as disclosed in Notes 24 to 26.
The group and company are required to maintain compliance with covenants imposed by banks and these
include a minimum tangible net worth amount and a maximum gearing ratio. The group and company
are in compliance with these externally imposed covenant requirements for the nancial years ended
June 30, 2014 and 2013.
The Board of Directors reviews the capital structure regularly to achieve an appropriate capital structure.
As part of this review, the Board considers the cost of capital and the risks associated with each class of
capital and makes adjustments to the capital structure, where appropriate, in light of changes in economic
conditions and the risk of characteristics of the underlying assets.
The groups overall strategy remains unchanged from 2013.

5 RELATED PARTY TRANSACTIONS
Some of the groups transactions and arrangements are with related parties and the effect of these on the basis
determined between the parties are reected in these nancial statements. The balances are unsecured, interest-free
and repayable on demand.
During the year, the group entered into the following signicant transactions with related parties:
Group
2014 2013
$000 $000
Sales to associates (3,573) (5,680)

Purchases of plant and equipment from an associate 16
Interest income from an associate (3)
Rental income from an associate (7)
Management fee from an associate (15)
Companies in which key management have interests:
Sales (2,384) (3,293)

Purchases 356 422
Freight and handling charges 67 644
Compensation of directors and key management personnel
The remuneration of directors and other members of key management during the year was as follows:
Group
2014 2013
$000 $000
Short-term benets 6,524 5,093

Post-employment benets 263 170
6,787 5,263
6 CASH AND BANK BALANCES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Cash and bank balances 22,340 24,471 10,248 11,299

Fixed deposits 9 10
22,349 24,481 10,248 11,299
The fixed deposits bear interest ranging at 0.25% (2013 : 0.25%) per annum and are due within
12 months. The xed deposits can be converted to a known amount of cash at minimum charges at short notice.

7 TRADE RECEIVABLES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Outside parties 90,233 91,833 50,161 47,047

Less: Allowance for doubtful receivables (1,868) (1,324) (556) (556)
88,365 90,509 49,605 46,491
Related parties (Note 5) 976 1,844 193 50
Subsidiaries (Note 11) 1,221 1,365
Associates (Note 12) 1,503 2,292 1,431 1,411
90,844 94,645 52,450 49,317
The average credit period on sales of goods is 30 to 120 days (2013:30 to 120 days). No interest is charged on
the trade receivables.
In determining the recoverability of a trade receivable, the group considers any change in the credit quality of the
trade receivables from the date credit was initially granted up to the reporting date. Management believes that there
is no further allowance required in excess of the allowance for doubtful receivables as there has been no signicant
change in credit quality and the amounts of receivables (net of allowances) are still considered recoverable.
Included in the groups trade receivables are debtors with a carrying amount of $17,793,000 (2013 : $19,662,000)
which are past due at the reporting date for which the group has not provided as there has not been a signicant
change in credit quality and the amounts are still considered recoverable. There has also not been a signicant
change in credit quality of the balances that are not past due.
The table below is an analysis of trade receivables as at June 30:
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Not past due and not impaired 53,806 57,739 33,090 31,880
Past due but not impaired (i) 17,793 19,662
71,599 77,401 33,090 31,880
Past due and reviewed for impairment
- collectively assessed (ii) 19,801 17,798 19,916 17,991
Less: Allowance for impairment (556) (554) (556) (554)
19,245 17,244 19,360 17,437
Impaired receivables individually
assessed (ii), (iii):
- Past due more than 6 months and
no response to repayment demands 1,312 769 2
Less: Allowance for impairment (1,312) (769) (2)

Total trade receivables, net 90,844 94,645 52,450 49,317

7 TRADE RECEIVABLES (contd)
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
(i) Aging of receivables that are past due

but not impaired
< 3 months 13,891 13,451

3 months to 6 months 2,038 2,883
6 months to 12 months 1,368 1,838
> 12 months 496 1,490
17,793 19,662
(ii) These amounts are stated before any deduction for impairment losses.
(iii) These receivables are not secured by any collateral or credit enhancements.
Movements in the allowance for doubtful receivables:
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Balance at beginning of the year 1,324 1,386 556 556

Increase in allowance due to acquisition 9
Charge to prot or loss 1,461 126 635
Amounts written off during the year (916) (188) (635)
Disposal of a subsidiary (6)
Currency realignment (4)
Balance at end of the year 1,868 1,324 556 556
8 OTHER RECEIVABLES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000

Associates (Note 12) 95
Related parties (Note 5) 32 33
Advances to staff 148 191 4 4
Prepayments 1,624 853 296 56
Leasehold prepayments (current portion)
(Note 15) 4 4
Deposits paid for purchase of property 790
Other deposits 415 448 3 7
Advance to suppliers 412 220
Others 525 766 2
Total 3,950 2,610 4,900 6,044
Less: Non-current other receivables (323) (59)
Current other receivables 3,627 2,551 4,900 6,044

8 OTHER RECEIVABLES (contd)
The amounts due from subsidiaries, associates, related parties and advances to staff are unsecured, interest-free
and repayable on demand.
The fair value of the non-current other receivables approximates its carrying amount.
9 INVENTORIES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Raw materials 13,628 16,888 11,629 13,541

Work-in-progress 9,032 9,234 5,089 4,100
Finished goods, at cost 32,263 32,345 16,011 15,686
Goods-in-transit 10,328 7,657 9,635 6,414
65,251 66,124 42,364 39,741
Inventories are stated net of an allowance of $235,000 (2013 : $397,000). Prot or loss included allowance of
$33,000 in respect of write-down of inventory to net realisable value. In addition, $182,000 (2013 : $392,000) of
inventories were written off as they were assessed to be not saleable. In 2013, there was a write back of inventories
obsolescence of $183,000 as they were sold at prices above cost.
10 ASSETS CLASSIFIED AS HELD FOR SALE
The major classes of assets comprising the disposal assets classied as held for sale are as follows:
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Property, plant and equipment(a) 856

Leasehold prepayment(a) 511
Investment in an associate 60
1,427
(a)
In 2013, management decided to sell its leasehold land and buildings held by Equalight Resources Sdn.
Bhd. (Note 11) in Kuantan, Malaysia. Negotiations with several interested parties had taken place and the
subsidiary entered into a Sales and Purchase Agreement for the sales of the property with an approximate
selling price of RM6.65 million (equivalent to $2.63 million) on January 15, 2013.
The assets held for sale were disposed of during the current year and a gain amounting to RM3,214,000
(equivalent to $1,244,000) has been recognised in prot or loss.

11 SUBSIDIARIES
Company
2014 2013
$000 $000
Unquoted equity shares, at cost 26,244 28,202

Less: Impairment loss (1,959)
26,244 26,243
Deemed investment (a) 4,652 4,113
Advances 2,018 11,660
Less: Allowance for impairment loss (9,641)
32,914 32,375
The advances to subsidiaries are unsecured, interest-free, substantially non-trade in nature and are deemed to be
part of the net investments as they are not expected to be repaid in the foreseeable future.
(a)
The deemed investment arises from the fair value of corporate guarantees given to subsidiaries to secure the
bank facilities.
Movements in the allowance for impairment loss:
Company
2014 2013
$000 $000
Balance at beginning of the year 11,600 11,600

Amounts written off during the year (9,458)
Amounts written back during the year (2,142)
Balance at end of the year 11,600
Impairment loss is recognised for subsidiaries for which the recoverable amounts are estimated to be less than the
carrying amount of the cost of investment due to the continuing losses of these subsidiaries.
Details of the subsidiaries are as follows:
Principal activities/ Effective equity

Name of company Country of incorporation and operation interest held by the group
2014 2013
% %
Tai Sin Electric Cables Cable and wire manufacturer and dealer in such 100 100
(Malaysia) Sdn. Bhd. (b) products/
Malaysia
(b)
PKS Sdn Bhd Electrical switchboards feeder pillars and components 70 70
manufacturer and dealer in such products/
Brunei
Equalight Resources Ceased operations and placed under liquidation. 100

Sdn. Bhd. Previously investment holding/
Malaysia

11 SUBSIDIARIES (contd)

2014 2013
% %
LKH Lamps Sdn. Bhd. Ceased operations and placed under liquidation. 100
(subsidiary of Equalight Previously manufacture and sale of lights and
Resources Sdn. Bhd.) lighting components/
Malaysia
LKH Electric (M) Sdn. Bhd. Ceased operations. 100 100

(formerly known as LKH Previously trading of lights and lighting components/
Lightings Sdn. Bhd.) Malaysia
(subsidiary of Lim Kim Hai
Electric Co (S) Pte Ltd) (e) (i)
Tai Sin (Vietnam) Pte Ltd (a) Intermediate investment holding/ 100 100
Singapore
Tai Sin Electric Cables (VN) Cable and wire manufacturer and dealer in such 100 100
Company Limited products/
(subsidiary of Tai Sin Vietnam
(Vietnam) Pte Ltd) (c)
Lim Kim Hai Electric (VN) Trading of electrical products/ 90 90

Company Limited Vietnam
(subsidiary of Tai Sin
(Vietnam) Pte Ltd) (c)
Tai Sin Electric International Dormant/ 100 100

Pte Ltd (a) Singapore
Lim Kim Hai Electric Co (S) Distributor of electrical products and investment 100 100
Pte Ltd (a) holding/
Singapore
Precicon D&C Pte Ltd Distributor of electrical products/ 100 100

(subsidiary of Lim Kim Hai Singapore
Electric Co (S) Pte Ltd) (a)
LKH Power Distribution Distributor of electrical products/ 100 100

Pte Ltd Singapore
(subsidiary of Lim Kim Hai
Electric Co (S) Pte Ltd) (a)
Vynco Industries (NZ) Limited Distributor of electrical products and investment 77.3
(subsidiary of Lim Kim Hai holding/
Electric Co (S) Pte Ltd) (f) New Zealand
V.L. Holdings Limited Property investment company/ 77.3

(subsidiary of Vynco New Zealand
(f)
Industries (NZ) Limited)
(a)
CAST Laboratories Pte Ltd Laboratories for tests, experiments and researches 65 52.5
and provisions of quality consultancy services
and investment holding/
Singapore
CiPGi Pte Ltd Provision of technical testing services, analysis 65 52.5

(subsidiary of CAST services, construction and infrastructure
(a)
Laboratories Pte Ltd) maintenance activities/
Singapore

11 SUBSIDIARIES (contd)

2014 2013
% %
CASTconsult Sdn Bhd General construction and technical engineering/ 65 52.5

(subsidiary of CAST Malaysia
Laboratories Pte Ltd) (b)
CASTlab International Pte Previously investment holding and management 52.5

Ltd (subsidiary of CAST services to related companies/
Laboratories Pte Ltd) (h) Singapore
United Geotechnics Pte Ltd Previously laboratories testing, experiments and 52.5
(subsidiary of CAST researches on all kinds of substance and materials,
Laboratories Pte Ltd) (h) and the provisions of quality consultancy services/
Singapore
PT CAST Laboratories Provision of oil and gas, non-construction, 61.75

Indonesia testing and analysis services/
(subsidiary of CAST Indonesia
Laboratories Pte Ltd) (d) (g)
(a)
Audited by Deloitte & Touche LLP, Singapore.
(b)
Audited by member rms of Deloitte Touche Tohmatsu Limited.
(c)
Audited by DTL Auditing Company, a member rm of RSM International.
(d)
Audited by Idris & Sudiharto, a member rm of Ecovis International.
(e)
Audited by McMillan Woods Thomas, a member rm of McMillan Woods Global Limited.
(f)
During the year ended June 30, 2014, the interests in the subsidiaries were disposed. Please refer to Note 35
for further details.
(g)
On April 2, 2014, the companys subsidiary, CAST Laboratories Pte Ltd acquired an additional 66% equity
interest in its 29% owned associate, PT CAST Laboratories Indonesia. Upon the acquisition, PT CAST
Laboratories Indonesia became a subsidiary of the group.
(h)
The subsidiaries were struck off the Register of Companies during the year.
(i)
During the year ended June 30, 2014, the interest in LKH Electric (M) Sdn. Bhd. was transferred from LKH
Lamps Sdn. Bhd. to Lim Kim Hai Electric Co (S) Pte Ltd.

12 ASSOCIATES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Unquoted equity shares, at cost 1,800 1,906

Share of post-acquisition results and reserves,
net of dividends received 3,022 2,944
4,822 4,850
Details of the groups associates and its signicant investments are as follows:
Principal activities/ Proportion Proportion

Country of incorporation of ownership of voting
Name of associates and operation interest power held
2014 2013 2014 2013
% % % %
Held by Lim Kim Hai

Electric Co (S) Pte Ltd
Nylect International Pte. Ltd. (a) Investment holding/ 30 30 30 30

Singapore
Held by Nylect International

Pte. Ltd.
(a)
Nylect Engineering Pte Ltd Mechanical and electrical design and 100 100 100 100
installation/
Singapore
(b)
PT Nylect Engineering Mechanical and electrical design and 70 70 70 70
installation/
Indonesia
Nylect Technology Ltd Vietnam (b) Mechanical and electrical design and 100 100 100 100
installation/
Vietnam
Shanghai Nylect Engineering Mechanical and electrical design and 100 100 100 100
Co., Ltd (a) installation/
Peoples Republic of China
Nylect Technology (Myanmar) Mechanical and electrical design and 70 70

Ltd (d) installation/
Myanmar
Held by Nylect Engineering

Pte Ltd
(a)
NEPL Pte Ltd Mechanical and electrical design and 100 100 100 100
installation/
Singapore
Nylect Engineering (M) Mechanical and electrical design and 62.5 62.5 62.5 62.5
Sdn. Bhd. (b) installation/
Malaysia
(b)
PT Nylect Engineering Mechanical and electrical design and 30 30 30 30
installation/
Indonesia

12 ASSOCIATES (contd)
Principal activities/ Proportion Proportion

Country of incorporation of ownership of voting
Name of associates and operation interest power held
2014 2013 2014 2013
% % % %
Held by Nylect Technology

Ltd Vietnam
Nylect Technology Mechanical and electrical design and 30 30

(Myanmar) Ltd (d) installation/
Myanmar
Held by Shanghai Nylect

Engineering Co., Ltd
Shanghai En Yi Lighting Supply of lighting equipment/ 100 100 100 100

Equipment Co., Ltd (b) Peoples Republic of China
Held by CAST Laboratories

Pte Ltd
PT CAST Laboratories Provision of oil and gas, non- 29 29

Indonesia (e) construction, testing and analysis
services/
Indonesia
CASTlab (Thailand) Company Provision of specialised, geotechnics 45 45

Limited (c) services/
Thailand
(a)
Audited by RSM Chio Lim LLP, Singapore and member rms of RSM International.
(b)
Audited by rms of accountants other than member rms of RSM International.
(c)
During the year ended June 30, 2014, the interest in the associate was disposed.
(d)
Not required to be audited by the law of its country of incorporation. For the purpose of consolidation,
unaudited management accounts were used as the results of the associates were not considered to be
signicant.
(e)
On April 2, 2014, the companys subsidiary, CAST Laboratories Pte Ltd acquired an additional 66% equity
interest in its 29% owned associate, PT CAST Laboratories Indonesia. Upon the acquisition, PT CAST
Laboratories Indonesia became a subsidiary of the group.
Summarised nancial information in respect of the groups associates is set out below:
2014 2013
$000 $000
Total assets 39,223 32,371

Total liabilities (23,149) (15,976)
Net assets 16,074 16,395
Groups share of associates net assets 4,822 4,850
Revenue 43,888 62,266
Prot for the year 688 2,992
Groups share of prot for the year 266 917

The nancial year end of associates are December 31, which is not co-terminous with that of the group. The equity
accounting for the results of the associates is based on the unaudited consolidated nancial statements for the
period ended June 30, 2014.

13 PROPERTY, PLANT AND EQUIPMENT
Ofce
Leasehold equipment Plant
Freehold Freehold land and and and Motor
land properties buildings furniture machinery vehicles Total
$000 $000 $000 $000 $000 $000 $000
Group
Cost:
At July 1, 2012 2,362 1,013 20,295 6,251 24,137 2,700 56,758
Currency realignment (24) (1) 19 (48) (5) (59)
Additions 138 3 1,396 2,134 367 4,038
Disposals (126) (299) (343) (768)
Write-offs (210) (833) (40) (1,083)
Assets reclassied as held for
sale (Note 10) (1,157) (131) (196) (1,484)
At June 30, 2013 2,338 1,150 19,160 7,132 24,943 2,679 57,402
Currency realignment 39 (24) (20) 104 (115) 5 (11)
Additions 1,257 626 161 823 2,052 804 5,723
Disposals (43) (165) (558) (766)
Write-offs (55) (71) (1) (127)
Acquisition of a subsidiary
(Note 37) 30 320 11 361
Disposal of a subsidiary (Note 35) (1,177) (2,389) (295) (3,861)
Reclassications from intangible
assets (Note 16) 94 94
At June 30, 2014 2,457 1,752 19,301 5,696 26,964 2,645 58,815
Accumulated depreciation:
At July 1, 2012 262 11,237 3,796 16,573 1,118 32,986
Currency realignment 1 (23) 5 (2) (19)
Depreciation 31 560 1,099 1,421 477 3,588
Disposals (98) (254) (286) (638)
Write-offs (201) (814) (40) (1,055)
Assets reclassied as held for
sale (Note 10) (302) (130) (196) (628)
At June 30, 2013 293 11,496 4,443 16,735 1,267 34,234
Currency realignment (7) (2) 48 (74) 2 (33)
Depreciation 39 556 833 1,562 550 3,540
Disposals (42) (136) (498) (676)
Write-offs (45) (39) (1) (85)
Disposal of a subsidiary (Note 35) (1,214) (151) (1,365)
At June 30, 2014 325 12,050 4,023 18,048 1,169 35,615
Impairment:
At July 1, 2012 467 467
Currency realignment 2 2
Reversal (469) (469)
At June 30, 2013 and June 30, 2014
Carrying amount:
At June 30, 2014 2,457 1,427 7,251 1,673 8,916 1,476 23,200
At June 30, 2013 2,338 857 7,664 2,689 8,208 1,412 23,168

13 PROPERTY, PLANT AND EQUIPMENT (contd)
Ofce
Leasehold equipment
land and and Plant and Motor
buildings furniture machinery vehicles Total
$000 $000 $000 $000 $000
Company
Cost:
At July 1, 2012 7,360 1,480 13,769 1,122 23,731
Additions 37 1,031 147 1,215
Disposals (241) (6) (247)
Write-offs (29) (29)
At June 30, 2013 7,360 1,488 14,559 1,263 24,670
Additions 160 37 616 635 1,448
Disposals (59) (372) (431)
At June 30, 2014 7,520 1,510 15,116 1,526 25,672
At July 1, 2012 6,484 1,370 11,153 640 19,647
Depreciation 178 46 430 130 784
Disposals (208) (3) (211)
At June 30, 2013 6,662 1,387 11,375 767 20,191
Depreciation 186 47 504 223 960
Disposals (59) (372) (431)
At June 30, 2014 6,848 1,419 11,820 618 20,705
Carrying amount:
At June 30, 2014 672 91 3,296 908 4,967
At June 30, 2013 698 101 3,184 496 4,479

13 PROPERTY, PLANT AND EQUIPMENT (contd)
The groups freehold land, freehold properties, leasehold land and buildings comprise the following:
Location Title Description
24 Gul Crescent Leasehold Factory building

Jurong Town (52 years from
Singapore 629531 August 1, 1980)
22 Gul Crescent Leasehold Factory building

Jurong Town (28 years 7 months from
Singapore 629530 December 31, 2004)
11 Gul Lane Leasehold Factory building

Jurong Town (51 years 16 days from
Singapore 629410 July 16, 1981)
53 Kallang Place Leasehold Industrial building

Singapore 339177 (60 years from
April 1, 1976)
27 Gul Avenue Leasehold Factory building

July 1, 1979)
PTD 37433, 37434 & 37444 Freehold Factory building

Off Jalan Perindustrian Senai 3
Kawasan Perindustrian Senai Fasa 2
81400 Senai, Johor Bahru
Johor Darul Takzim
Malaysia
Lot B Kawasan Perindustrian Leasehold Factory building

Beribi 1 (20 years from
Jalan Gadong BE1118 July 1, 2012)
Bandar Seri Begawan
Negara Brunei Darussalam
No. 20 VSIP II, Street 2, Vietnam Leasehold Factory building

Singapore Industrial Park 2 (50 years from
Hoa Phu Ward, June 29, 2006)
Thu Dau Mot City,
Binh Duong Province, Vietnam
27 Defu Lane Leasehold Factory building

February 1, 1979)
18 Boon Lay Way Leasehold Industrial building

#02-136 TradeHub 21 (60 years from
Singapore 609966 December 10, 2003)
The carrying amount of motor vehicles, plant and machinery under nance leases for the group as at June 30, 2014
is $1,366,000 (2013 : $1,477,000).
The carrying amount of assets pledged to the bank (Note 23) as at June 30, 2013 was $1.12 million.

14 INVESTMENT PROPERTIES
Group
$000
Cost:
At July 1, 2012, June 30, 2013 and June 30, 2014 1,559
At July 1, 2012 348
Depreciation for the year 40
At June 30, 2013 388
Depreciation for the year 40
At June 30, 2014 428
Carrying amount:
At June 30, 2014 1,131
At June 30, 2013 1,171
The groups investment properties comprise of the following:
Location Title Description
63 Hillview Avenue Freehold Flatted factory unit

#10-21 Singapore 669569
(Property A)
Unit No. 6-4, 6th oor Leasehold Condominium unit

Diamond Tower (99 years from
Pangsapuri Garden City July 28, 1997)
Jalan Merdeka, 75000 Melaka
Malaysia
(Property B)
The fair value of the investment property (Property A) as at July 1, 2013 amounted to $3,500,000 and had been
determined on the basis of valuations carried out by an independent valuer having an appropriate recognised
professional qualication. It took into account recent experience in the location and category of the properties being
valued. The valuation was arrived at by reference to market evidence of transaction prices for similar properties
and was performed in accordance with International Valuation Standard. In estimating the fair value of the property,
the highest and best use of the property is their current use. There has been no change to the valuation technique
during the year.
No fair value assessment was done on Property B as the carrying value is immaterial to the consolidated nancial
statements.
The property rental income from the groups investment properties which are leased out under operating lease
amounted to $81,000 (2013 :$59,000).Direct operating expenses (including repairs and maintenance) arising from
the rental-generating investment properties amounted to $13,000 (2013:$20,000).
The group classies its investment property using a fair value hierarchy that reects the nature and complexity
of the signicant inputs used in making the measurement. As at the end of the reporting period, the fair value
measurements of the groups investment property is classied within Level 3 of the fair value hierarchy. There were
no transfers between the respective levels during the year.

14 INVESTMENT PROPERTIES (contd)
The following table shows the signicant unobservable inputs used in the valuation model:
Fair value Valuation Relationship of

as at technique(s) Signicant unobservable
June 30, 2014 Fair value and key unobservable inputs to
Description $000 hierarchy input(s) input(s) Range fair value
Investment 3,500 Level 3 Direct Price per square Range from The higher the
Property A comparison metre. $5,546 to transacted price
method. $6,778 per of comparable
square metre. unit, the higher
the fair value.
15 LEASEHOLD PREPAYMENTS
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Leasehold prepayments 162 696

Less : Assets reclassied as held for sale
(Note 10) (511)
Less: Current portion included as prepayment
(Note 8) (4) (4)
158 181
Leasehold prepayments comprise prepaid land rentals for use of land in Vietnam (2013 : Vietnam). These are
charged to prot or loss on a straight-line basis over the term of the relevant lease of approximately 50 years (2013 :
50 years).

16 INTANGIBLE ASSETS
Patents,
Proprietary Internally trademarks
Customer application developed and
relationships software software technical fees Total
$000 $000 $000 $000 $000
Group
Cost:
At July 1, 2012 2,114 219 234 179 2,746
Currency realignment (1) (1)
At June 30, 2013 2,114 219 234 178 2,745
Disposal of a subsidiary (72) (72)
Write-offs (140) (107) (247)
Reclassications to property,
plant and equipment (Note 13) (94) (94)
At June 30, 2014 2,114 219 2,333
Accumulated amortisation:
At July 1, 2012 98 25 155 278
Amortisation for the year 233 44 17 294
At June 30, 2013 331 69 171 571
Amortisation for the year 232 43 7 282
Disposal of a subsidiary (72) (72)
At June 30, 2014 563 112 675
Carrying amount:
At June 30, 2014 1,551 107 1,658
At June 30, 2013 1,783 150 234 7 2,174

17 DEFERRED TAX ASSETS (LIABILITIES)
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Deferred tax assets 210 176
Deferred tax liabilities (1,665) (1,893) (222) (322)
The major components giving rise to deferred tax assets and liabilities recognised by the group and the company
and movements thereon during the year:
Deferred tax assets
Unutilised
capital Tax
Provisions allowances losses Total
$000 $000 $000 $000
Group
At July 1, 2012 50 31 98 179

(Charge) Credit to prot or loss (50) 146 (99) (3)
Currency realignment (1) 1
At June 30, 2013 176 176
Credit (Charge) to prot or loss 7 (25) (18)
Acquisition of a subsidiary (Note 37) 12 40 52
At June 30, 2014 19 191 210
The deferred tax assets relate to temporary differences and tax losses arising from overseas subsidiaries.
Deferred tax liabilities
Accelerated
tax
depreciation Others Total
$000 $000 $000
Group
At July 1, 2012 (1,508) (241) (1,749)

(Charge) Credit to prot or loss (154) 27 (127)
At June 30, 2013 (1,679) (214) (1,893)
Credit to prot or loss 197 27 224
Currency realignment 4 - 4
At June 30, 2014 (1,478) (187) (1,665)

17 DEFERRED TAX ASSETS (LIABILITIES) (contd)
Accelerated
tax
depreciation
$000
Company
At July 1, 2012 and June 30, 2013 (322)

Credit to prot or loss 100
At June 30, 2014 (222)
18 BANK OVERDRAFTS AND SHORT-TERM BANK BORROWINGS
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Bank loan secured 2,137 4,365

Bank overdrafts 117 912
Trust receipts and bills payable to banks 23,339 30,828 12,026 15,909
25,593 36,105 12,026 15,909
The groups bank overdrafts and short-term bank borrowings are secured by the following:
i) negative pledge over all assets of a subsidiary;
ii) corporate guarantee of RM42.70 million ($16.59 million) [2013 : RM57.70 million ($22.96 million)],
US$10.0 million ($12.49 million) [2013 : US$10.0 million ($12.67 million)] and $8.0 million (2013:$8.0 million)
by the company (Note 34); and
iii) corporate guarantee of$520,000 by a subsidiary in 2013.
The bank overdrafts and short-term bank borrowings bear xed interest rates ranging from 1.39% to 7.50%
(2013 :1.29% to 9.0%) and 1.39% to 1.88% (2013 : 1.29% to 1.52%) for the group and company respectively per
annum and are due within 12 months.
19 TRADE PAYABLES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Outside parties 24,775 30,683 10,870 11,156

Related parties (Note 5) 53 738
24,828 31,421 12,248 15,934
The average credit period on purchases of goods is 90 days (2013:90 days).
The amounts due to subsidiaries are unsecured, interest-free and repayable on demand.

20 OTHER PAYABLES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Accruals (1) 7,173 7,110 1,996 1,858

Provision for directors fees 139 137 40 33
Provision for onerous contracts 191 200
Deposit from customers 1,041 1,551 101 407
Deposits received for sale of property 265
Sundry payables 1,007 1,053 348 222
Subsidiary (Note 11) 410 430
Total 9,551 10,316 2,895 2,950
Less: Non-current other payables (53) (47)
Current other payables 9,498 10,269 2,895 2,950
(1)
Accruals mainly relate to accruals for staff costs.
The amounts due to subsidiary are unsecured, interest-free and repayable on demand.
Provision for onerous contracts
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Balance at beginning of year 200

Charge to prot or loss 191 200
Utilised during the year (200)
Balance at end of year 191 200
Management assesses for fixed price onerous contracts for which deliveries and services are expected
to be made after the year end. The provision for onerous contracts at the end of the reporting period is
$191,000 (2013 : $200,000). All deliveries made and services rendered during the financial year ended
June 30, 2014 which have incurred losses are charged to cost of sales in prot or loss in the nancial year ended
June 30, 2014.
21 OBLIGATION UNDER FINANCE LEASES
Group
Minimum Present value of minimum
lease payments lease payments
2014 2013 2014 2013
$000 $000 $000 $000
Amounts payable under nance leases:
Within one year 287 654 274 630

In the second to fth year inclusive 156 344 144 331
443 998 418 961
Less: Future nance charges (25) (37) N/A N/A
Present value of leases 418 961 418 961
Less: Amount due for settlement within 12

months (shown under current liabilities) (274) (630)
Amount due for settlement after 12 months 144 331

21 OBLIGATION UNDER FINANCE LEASES (contd)
Company
Present value
Minimum of minimum
lease payments lease payments
2014 2013 2014 2013
$000 $000 $000 $000
Amounts payable under nance leases:
Within one year 18 17

In the second to fth year inclusive
18 17
Less: Future nance charges (1) N/A N/A
Present value of leases 17 17
Less: Amount due for settlement within 12

months (shown under current liabilities) (17)
Amount due for settlement after 12 months
The group and the company enter into nance leasing arrangements for certain of its motor vehicles, plant and
machinery. All leases are denominated in the functional currencies of the respective entities.
The carrying amounts of the groups and the companys nance lease payables at June 30, 2014 and 2013
approximate their fair value.
The rates of interest for the nance leases were 2.60% to 7.90% (2013 :2.80% to 7.90%) and 2.60% (2013 : Nil%)
for the group and the company respectively per annum.
22 DERIVATIVE FINANCIAL INSTRUMENTS
2014 2013
Assets Liabilities Assets Liabilities
$000 $000 $000 $000
Group
Forward foreign exchange contracts(a) 54

Right to exercise Personal Undertaking from
non-controlling interests of a subsidiary(b) 1,370
1,424

22 DERIVATIVE FINANCIAL INSTRUMENTS (contd)
(a) Forward foreign exchange contracts
As at June 30, 2013, the group had outstanding currency derivatives that were used to hedge signicant
future transactions. The instruments purchased are primarily denominated in the currencies of the groups
principal markets.
Details of the groups forward foreign currency contracts outstanding as at the end of the reporting period
are as follows:
Foreign currency Notional contract value Fair value

2014 2013 2014 2013 2014 2013
FC000 FC000 $000 $000 $000 $000
Group
Buy Euro
Less than 12 months 980 1,567 68
Sell Singapore dollar

Less than 12 months 500 483 (14)
As at June 30, 2013, the fair value of forward foreign exchange contracts for the group and company
amounted to $54,000 in assets. These amounts were determined based on observable forward exchange
rates, contract forward rates and discounted at a rate that reected the credit risk of various counterparties
at the end of reporting period. Changes in the fair value of the forward foreign exchange contracts were
recorded in prot or loss immediately.
(b) Fair value of right to exercise Personal Undertaking from non-controlling interests of a subsidiary
In 2013, the company owned 2,254,147 out of 4,293,613 issued and fully paid-up shares of CAST
Laboratories Pte Ltd (CAST Lab), representing 52.5% of its issued and fully paid-up share capital.
As part of the terms of the acquisition of CAST Lab and its subsidiaries (CAST Lab Group), all the Vendors
(save and except for Mr. Bobby Lim) agreed to jointly and severally warrant and undertake to the company
(Personal Undertaking) that the Net Tangible Assets (NTA) of CAST Lab Group based on management
accounts or the audited consolidated nancial statements for the period up to nancial year ending June 30,
2012 (NTA June 2012), whichever is available at the material time, would not decrease more than 5% of its
NTA based on the audited consolidated nancial statements for the period ended June 30, 2011 (NTA June
2011).
In the event that the NTA June 2012 of the CAST Lab Group should decrease by more than 5% of its
NTA June 2011, three non-controlling shareholders of CAST Lab (Guarantors) shall transfer such additional
shares in CAST Lab at the consideration of $3.00 to the company according to the formulae set out in the
Investment Agreement signed on January 12, 2012. In general terms, the total dollar amount of shortfall in
NTA will be compensated by an equivalent number of shares in CAST Lab (valued at NTA June 2012 per
share) to be transferred to the company. The Personal Undertaking was to terminate on August 29, 2012 or
any other date to be mutually agreed upon.
On August 21, 2012 by mutual agreement, the Personal Undertaking was extended to terminate on
September 30, 2013 or any other date to be mutually agreed upon. The new agreed Net Tangible Assets
comparative dates were June 30, 2011 versus management accounts or the audited consolidated nancial
statements for the period up to nancial year ending June 30, 2013 (NTA June 2013), whichever is
available at the material time. Net Tangible Assets would exclude the $3,150,000 of share capital subscribed
by the company.
At June 30, 2013, the shortfall in NTA based on the management accounts amounted to
$1.52 million. The company would be entitled to exercise its rights under the Personal Undertaking to be
compensated for the shortfall in NTA by requiring the Guarantors to surrender and transfer an aggregate of
1,086,345 CAST Lab shares to Tai Sin. This would increase Tai Sins shareholding to 77.8% of CAST Lab
and result in the recognition of a fair value gain of $2.77 million based on an additional 25.3% interest in the
net assets of the CAST Lab Group.

22 DERIVATIVE FINANCIAL INSTRUMENTS (contd)
(b) Fair value of right to exercise Personal Undertaking from non-controlling interests of a subsidiary (contd)
However, Tai Sin was considering certain options as at June 30, 2013 including a further (but nal) extension
for the Personal Undertaking to terminate on August 31, 2014 and/or increasing its additional interest in
CAST Lab to a percentage to be negotiated up to a maximum of 25.3%. The directors of the company were
of the view that as at June 30, 2013 and till the date the terms for extending the Personal Undertaking with
the Guarantors was nalised and mutually agreed upon, recognition of $2.77 million would be inappropriate
as it did not represent a fair indication of the potential asset arising from the Personal Undertaking and
because there was at the moment, no intention to transfer all the relevant shares to the company.
The companys rationale for extending the Personal Undertakings was as follows:
(i) With a view to diversify its activities, the company acquired the CAST Lab Group which is engaged
in independent testing, inspection and certication services as well as heat treatment and specialised
geotechnical services in Singapore with regional presence in Malaysia, Indonesia and Thailand.
(ii) The Guarantors are part of the key management team with signicant market knowledge and
management experience in the business in which the CAST Lab Group is engaged. The management
of the company does not have such expertise.
(iii) The company prefers the Guarantors to hold some shares in CAST Lab so their interests are aligned
with those of the company.
(iv) While the company is fully entitled to enforce its rights under the Personal Undertaking, it has chosen
a exible conciliatory approach with a view to motivate and incentivise the CAST Lab management
team to signicantly improve performance of CAST Lab Group.
(v) The company would also prefer to work and resolve issues with the CAST Lab management team to
achieve the anticipated long term benets realisable from the acquisition of the CAST Lab Group.
On October 1, 2013, the company agreed with the Guarantors to transfer their shares in CAST Lab to the
company such that the companys interest in CAST Lab increases to 65.0%. The fair value of this additional
interest of 12.5% amounted to $1.37 million and had been recognised by the group as a derivative nancial
instrument in 2013.
For purposes of accounting for the fair value of the Personal Undertaking as at June 30, 2013, management
assessed that accounting for the additional 25.3% would not be representative as it did not intend to
exercise in full and therefore did not represent the future economic benets expected to ow to the group.
Management concluded that the additional 12.5% interest of CAST Lab is more representative of the actual
intent of management and the benets expected.
23 LONG-TERM BORROWINGS
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Long-term loans - secured 1,164
The borrowings are repayable as follows:
On demand or within one year 198

Second to fth year inclusive 966
1,164
Less: Amount due for settlement within one year
(shown under current liabilities) (198)
Amount due for settlement after one year 966

23 LONG-TERM BORROWINGS (contd)
In 2013, the secured long-term loans related to the subsidiary, Vynco Industries (NZ) Limited that was disposed of
during the year (Note 35) and bore interest at xed rates ranging from 6.06% to 7.82% per annum.
The average term of borrowings entered into was 5 years and the carrying amount of the borrowings at June 30,
2013 approximated its fair value.
At June 30, 2013, the loans were secured by the following:
i) personal guarantees by shareholders of a subsidiary up to NZ$520,000 ($512,000);
ii) registered debenture over the assets of a subsidiary;
iii) corporate guarantee of NZ$475,000 ($468,000); and
iv) a legal charge over the freehold land of a subsidiary.
24 SHARE CAPITAL
Group and Company

Number of
ordinary shares $000
Issued and paid up capital:

At July 1, 2012 416,505,432 51,723
Issue of share capital pursuant to scrip dividend (Note 33) 21,737,359 4,565
At June 30, 2013 and June 30, 2014 438,242,791 56,288
Fully paid ordinary shares, which have no par value, carry one vote per share and carry a right to dividend.
25 TREASURY SHARES
Group and Company

Number of
ordinary shares $000
At July 1, 2012, June 30, 2013 and June 30, 2014 2,727,000 950
26 RESERVES
Other reserves
Other reserves include share of post-acquisition reserve of an associates and reserves arising from the acquisition of
additional interests in subsidiaries.
In accordance with the relevant laws and regulations in Peoples Republic of China, the associates of the group
is required to appropriate a minimum of 10% of the net prot after taxation after deducting losses carried forward
reported in the statutory accounts to the statutory reserve until the balance of such reserve reached 50% of its
registered share capital.
The amount to be set aside is determined by the Board of Directors annually in accordance with the relevant
regulations. This reserve cannot be used for purposes other than those for which it is created and is not distributed
as cash dividends but it can be used to offset losses or be capitalised as capital.

27 REVENUE
Group
2014 2013
$000 $000
Sales of goods 277,954 277,550

Rendering of services 29,391 27,778
307,345 305,328
28 OTHER OPERATING INCOME
Group
2014 2013
$000 $000
Gain on disposal of property, plant and equipment 163

Gain on disposal of assets held for sale 1,244
Interest income from deposits 28 21
Rental income 88 59
Scrap sales 677 562
Excess of fair value of net identiable assets acquired over consideration (Note 37) 247
Reversal of impairment loss of property, plant and equipment 469
Fair value adjustment on derivative nancial instruments taken to prot or loss 13 164
Fair value of right to exercise Personal Undertaking from non-controlling interests
of a subsidiary 1,370
Government grants 371 137
Others 243 176
3,074 2,958
29 FINANCE COSTS
Group
2014 2013
$000 $000
Interest expense 846 1,238

30 INCOME TAX EXPENSE
Group
2014 2013
$000 $000
Income tax
Current 3,850 3,316
Overprovision in prior years (279) (402)
3,571 2,914
Deferred income tax

Current 162 84
(Over) Underprovision in prior years (368) 48
(206) 132
Total income tax expense 3,365 3,046
Domestic income tax is calculated at 17% (2013:17%) of the estimated assessable prot for the year. Taxation for
other jurisdictions is calculated at the rates prevailing in the relevant jurisdictions.
The total charge for the year can be reconciled to the accounting prot as follows:
Group
2014 2013
$000 $000
Income tax expense at domestic rate of 17% (2013:17%) 4,456 4,107

Non-taxable items (177) (159)
Deferred tax benets not recognised 34
Overprovision of taxation in prior years (647) (354)
Tax rebates (303) (173)
Effect of different tax rates of subsidiaries operating in other jurisdictions 777 84
Productivity and Innovation Credit enhanced deduction (814) (263)
Effect of tax concessions (67)
Others 106 (196)
3,365 3,046

30 INCOME TAX EXPENSE (contd)
The subsidiaries have tax loss carryforwards, unutilised investment allowance and temporary differences from capital
allowance available for offsetting against future taxable income as follows:
Group
2014 2013
$000 $000
Tax loss carry forwards
Balance at beginning of year 7,795 7,772

Adjustment 1,929 789
Deconsolidation of subsidiaries (7,824)
Arising during the year 200
Amount utilised during the year (766)
Balance at end of year 1,885 7,795
Unutilised investment allowance

Balance at end of year 1,560
Unutilised capital allowance

Adjustment (32) (66)
Amount utilised during the year (108)
Balance at end of year 1,838
Total 1,885 11,193
Deferred tax benets on above:
Recorded 3
Unrecorded 320 2,796
Deferred tax benet varies from the Singapore statutory rate as they include deferred tax on overseas operations.
Certain deferred tax benets have not been recognised as it is not probable that the relevant subsidiaries will have
taxable prots in the foreseeable future to utilise the tax loss carryforwards and temporary differences from capital
allowances.
The realisation of the future income tax benet from the remaining tax loss carryforwards and temporary differences
from capital allowances is available for an unlimited future period subject to conditions imposed by law including the
retention of majority shareholders as dened.

31 PROFIT FOR THE YEAR
Prot for the year has been arrived at after charging (crediting):
Group
2014 2013
$000 $000
Directors remuneration:
of the company 1,592 1,391
of the subsidiaries 2,470 2,721
Total directors remuneration 4,062 4,112
Directors fee 394 249

Audit fees:
Auditors of the company 258 285
Other auditors 37 54
Non-audit fees:
Paid to auditors of the company 49 10
Other auditors 17 21
Cost of inventories recognised as expense 222,714 223,681
Foreign currency exchange adjustment loss (gain) 584 (21)
Fair value adjustments on derivative nancial instruments (13) (164)
Property, plant and equipment written off 42 28
Inventories written off 182 392
Bad debts written off 98 134
Allowance for doubtful receivables 1,461 126
Amortisation of leasehold prepayments 4 9
Employee benets expense 40,022 40,023
Cost of dened contribution plans included in employee benets expense 2,550 2,580
32 EARNINGS PER SHARE
The calculation of the basic and diluted earnings per share attributable to the ordinary equity holders of the
company is based on the following data:
Group
2014 2013
$000 $000
Earnings
Earnings for the purposes of calculation of basic and diluted

earnings per share (prot for the year attributable to equity
holders of the company) 21,609 21,159
Number of shares
Number of ordinary shares for the purpose of basic

earnings per share and diluted earnings per share
after consideration of scrip dividend issued 435,515,791 435,515,791

33 DIVIDENDS
During the nancial year ended June 30, 2014, the company declared and paid dividends totalling $9.799 million.
Details were as follows:
(a) Final tax-exempt dividend of 1.5 cent per ordinary share in respect of the nancial year ended June 30, 2013
totalling $6.533 million.
(b) Interim tax-exempt dividend of 0.75 cent per ordinary share in respect of the nancial year ended June 30,
2014 totalling $3.266 million.
During the nancial year ended June 30, 2013, the company declared and paid dividends totalling $9.473 million.
Details were as follows:
(a) Final tax-exempt dividend of 1.5 cent per ordinary share in respect of the nancial year ended June 30, 2012
totalling $6.207 million. $1.642 million of the dividend was paid via cash and the remaining $4.565 million
was paid via the issue of scrip dividend (Note 24).
(b) Interim tax-exempt dividend of 0.75 cent per ordinary share in respect of the nancial year ended June 30,
2013 totalling $3.266 million.
Subsequent to June 30, 2014, the directors of the company recommended that a nal tax-exempt dividend be paid
at 1.5 cent per ordinary share totalling $6.533 million for the nancial year ended June 30, 2014. This dividend is
subject to approval by shareholders at the Annual General Meeting and has not been included as a liability in these
nancial statements.
34 CONTINGENT LIABILITIES
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Corporate guarantee in relation to

credit facilities granted to
subsidiaries (Notes 18 and 23) 53,405 57,166
(i)
Performance guarantees (unsecured) 41 38
41 38 53,405 57,166
(i)
The performance guarantees of the group in 2014 and 2013 are covered by corporate guarantee provided by
the company.

35 DISPOSAL OF A SUBSIDIARY
On December 18, 2013, the groups subsidiary, Lim Kim Hai Electric Co (S) Pte Ltd entered into an Agreement for
Sale and Purchase of Shares to dispose of its entire shareholding in Vynco Industries (NZ) Limited (Vynco), its
77.29% owned subsidiary, comprising of 527,500 fully paid-up ordinary shares, for an aggregate sales consideration
of NZ$2,500,000.
Details of the disposal are as follows:
Book values of net assets over which control was lost
2014
$000
Cash and cash equivalents 1,047

Trade receivables 2,475
Other receivables 150
Inventories 3,672
Property, plant and equipment 2,496
Derivative nancial instruments 23
Trade payables (2,287)
Other payables (1,073)
Income tax payable (115)
Long-term borrowings (1,130)
Net assets derecognised 5,258
Loss on disposal
2014
$000
Consideration received 2,593

Net assets derecognised (5,258)
Non-controlling interest derecognised 1,194
Cumulative exchange differences in respect of the net assets of the subsidiary reclassied
from equity on loss of control of subsidiary 104
Loss on disposal of a subsidiary (1,367)
The loss on disposal of the subsidiary is recorded as part of other operating expenses in the consolidated
statement of prot or loss and other comprehensive income.
Net cash inow arising on disposal
2014
$000
Cash consideration received 2,593

Less: Cash and cash equivalents disposed of (1,047)
Net cash inow from disposal 1,546

36 DECONSOLIDATION OF SUBSIDIARIES
On June 6, 2014, the following non-active Malaysian subsidiaries of the group were placed under Members
Voluntary Liquidation:
(a) Equalight Resources Sdn. Bhd. (Equalight), a wholly owned-subsidiary of the company; and
(b) LKH Lamps Sdn. Bhd., a wholly owned-subsidiary of Equalight.
Management has assessed that there is no effective control over the remaining immaterial assets of these
subsidiaries and have deconsolidated them.
Details of the deconsolidation are as follows:
Carrying value of net assets placed under liquidation
2014
$000
Cash and cash equivalents 19

Other payables (12)
Net assets derecognised 23
Loss on deconsolidation
2014
$000
Net assets derecognised 23

Cumulative exchange differences in respect of the net assets of the subsidiaries reclassied
from equity on deconsolidation of subsidiaries 231
Loss on deconsolidation of subsidiaries 254
The loss on deconsolidation of subsidiaries is recorded as part of other operating expenses in the consolidated
statement of prot or loss and other comprehensive income.
Net cash outow arising on deconsolidation of subsidiaries
2014
$000
Cash and cash equivalents deconsolidated, representing net cash outow

from deconsolidation of subsidiaries (19)

37 ACQUISITION OF SUBSIDIARY
On April 2, 2014, the group through its 65% owned subsidiary, CAST Laboratories Pte Ltd, acquired an additional
66% equity interest in its 29% owned associate, PT CAST Laboratories Indonesia (PTCL) for a cash consideration
of $241,316. PTCL will as a result of the acquisition, become a 61.75% owned subsidiary of the group. This
transaction has been accounted for by the acquisition method of accounting.
PTCL is an entity incorporated in Indonesia with its principal activity being provision of oil and gas, non-construction,
testing and analysis services. The group acquired the additional interest in PTCL for various reasons, the primary
reason being to gain control of PTCL and support its corporate strategies to expand its services in the Indonesian
market.
Assets acquired and liabilities assumed at the date of acquisition
2014
Fair value
$000
Cash and cash equivalents 568

Trade receivables 905
Property, plant and equipment (Note 13) 361
Deferred tax assets (Note 17) 52
Trade payables (27)
Other payables (1,075)
Income tax payable (130)
Net assets acquired and liabilities assumed 740
The receivables acquired (which principally comprised trade receivables) in these transactions with a fair value of
$991,000 had gross contractual amounts of $1,000,000. The best estimate at acquisition date of the contractual
cash ows not expected to be collected was $9,000.
Excess of fair value of net identiable assets over consideration arising on acquisition
2014
Fair value
$000
Consideration transferred 241

Add: Fair value of equity interest held by the group before the acquisition 215
Add: Non-controlling interests 37
Less: Fair value of identiable net assets acquired (740)
Excess of fair value of net identiable assets over consideration (247)
The non-controlling interests (5%) in PTCL recognised at the acquisition date was measured by reference to the
non-controlling interests proportionate share of the fair value of the acquirees identiable net assets and amounted
to $37,000.
The consideration was agreed based on the net assets value at the time of advance. The fair value of net
identiable assets has increased due to protability resulting in an excess of fair value of net identiable assets over
consideration of $247,000.

37 ACQUISITION OF SUBSIDIARY (contd)
Net cash inow on acquisition of subsidiary
2014
Fair value
$000
Total consideration 241

Total consideration paid in advance (241)
Total consideration, satised by cash
Less: Cash and cash equivalents acquired 568
568
Impact of acquisition on the results of the group
Included in the prot for 2014 is $14,000 attributable to the additional business generated by the PTCL. Revenue for
the period amounted to $540,000.
Had the business combination during the year been effected at July 1, 2013, the revenue of the group would have
been $309.02 million in 2014, and the prot for the year would have been $23.16 million.
38 COMMITMENTS
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Commitment to purchase xed quantum of

copper from suppliers at market rate at date
of delivery 46,451 36,082 46,451 36,082
Capital commitment for the acquisition of
property, plant and equipment 7,244 134
53,695 36,082 46,585 36,082
39 OPERATING LEASE COMMITMENTS
The group as lessee
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Minimum lease payments under operating leases

recognised as an expense in the year 2,527 3,053 376 336

39 OPERATING LEASE COMMITMENTS (contd)
At the end of the reporting period, the group and company has outstanding commitments under non-cancellable
operating leases which fall due as follows:
Group Company
2014 2013 2014 2013
$000 $000 $000 $000
Future minimum lease payments payable:

Within one year 1,639 2,063 407 342
In the second to fth year inclusive 3,339 3,223 1,622 1,357
After ve years 8,956 8,456 5,284 4,650
Total 13,934 13,742 7,313 6,349
Operating lease payments represent rentals payable for certain of its factory and ofce premises and equipment.
Leases are negotiated for an average term of 40 years and rentals are xed for an average of 2 years.
The lease of land is subject to annual adjustment to market rate with any increase capped at a percentage of the
immediate preceding years rental.
Certain leases have varying terms and are subject to revisions to reect current market rental and value. The
operating lease commitments estimated above were in respect of these leases determined assuming the same
rental expense xed as at end of the reporting period till the end of the lease.
The group as lessor
The group rents out its investment properties and equipment under operating leases. Rental income earned during
the year was $88,000 (2013 :$59,000).
At the end of the reporting period, the outstanding commitments under non-cancellable operating leases which fall
due as follows:
Group
2014 2013
$000 $000
Future minimum lease receivables:

Within one year 81 79
In the second to fth year inclusive 60 139
Total 141 218

40 SEGMENT INFORMATION
Information reported to the groups chief operating decision maker for the purposes of resource allocation and
assessment of segment performance is categorised as follows:
(i) Cable & Wire;
(ii) Switchboard;
(iii) Electrical Material Distribution;
(iv) Test & Inspection; and
(v) Others
Accordingly, the above are the groups reportable segments under FRS 108. Information regarding the groups
reportable segments is presented below. There is no change to amounts reported for the prior year as the segment
information reported internally is provided to the groups chief operating decision maker on a similar basis.
Electrical
Cable Switch- material Test &
& wire board distribution inspection Others Elimination Total
$000 $000 $000 $000 $000 $000 $000
Segment revenue and results
2014
REVENUE
External sales 175,283 11,558 91,103 29,391 10 307,345
Inter-segment sales 12,751 126 (12,877)
Total revenue 188,034 11,558 91,229 29,391 10 (12,877) 307,345
RESULT
Segment result 20,149 896 2,817 2,133 771 26,766
Interest expense (707) (39) (97) (3) (846)
Interest income 24 4 28
Income tax expense (3,365)
Non-controlling interests (1,240)
Prot attributable to shareholders
of the company 21,609

40 SEGMENT INFORMATION (contd)
Electrical
Cable Switch- material Test &
& wire board distribution inspection Others Elimination Total
$000 $000 $000 $000 $000 $000 $000
Segment revenue and results
2013
REVENUE
External sales 169,259 11,292 96,134 27,778 865 305,328
Inter-segment sales 15,451 9 14 (15,474)
Total revenue 184,710 11,292 96,143 27,778 879 (15,474) 305,328
RESULT
Segment result 19,983 967 3,425 (748) 832 24,459
Interest expense (937) (90) (152) (59) (1,238)
Interest income 5 1 10 5 21
Income tax expense (3,046)
Non-controlling interests 46
Prot attributable to shareholders
of the company 21,159
Revenue reported above represents revenue generated from external customers. There were inter-segment sales of
$12,877,000 (2013:$15,474,000) during the year.
The accounting policies of the reportable segments are the same as the groups accounting policies described in
Note 2. Segment prot represents prot earned by each segment without allocation of income tax expense and
non-controlling interests. This is the measure reported to the chief operating decision maker for the purposes of
resource allocation and assessment of segment performance.
SEGMENT ASSETS
Electrical Test
Cable Switch- material &
& wire board distribution inspection Others Total
$000 $000 $000 $000 $000 $000
Segment assets
2014
Segment assets 140,055 5,193 41,322 21,589 382 208,541

Interest in associates 4,822 4,822
Unallocated segment assets 210
Consolidated total assets 213,573

SEGMENT ASSETS (contd)
Electrical Test
$000 $000 $000 $000 $000 $000
Segment assets
2013
Segment assets 136,045 5,686 49,483 24,144 1,993 217,351

Interest in associates 4,774 76 4,850
Unallocated segment assets 230
Consolidated total assets 222,431
For the purposes of monitoring segment performance and allocating resources between segments, the chief
operating decision maker monitors the tangible, intangible and nancial assets attributable to each segment.
All assets are allocated to reportable segments other than the deferred tax assets.
Electrical Test
$000 $000 $000 $000 $000 $000
Other segment information
2014
Additions to non-current assets 3,960 42 633 1,088 5,723
Depreciation and amortisation 1,335 85 835 1,607 3,862
Non-cash expenses (income) other than

depreciation and amortisation 991 26 1,598 946 (876) 2,685
2013
Additions to non-current assets 1,667 45 892 1,432 2 4,038
Depreciation and amortisation 1,121 81 1,051 1,648 21 3,922
Non-cash expenses (income) other than

depreciation and amortisation (296) 2 (1,342) 532 (199) (1,303)

Geographical information
The group operates in six (2013 : ve) principal geographical areas Singapore, Malaysia, Brunei, Vietnam, New
Zealand and Indonesia (2013 : Singapore, Malaysia, Brunei, Vietnam and New Zealand).
The groups revenue from external customers and information about its segment assets (non-current assets
excluding investments in associates and deferred tax assets) by geographical location are detailed below:
Non-current
Revenue assets
$000 $000
2014
Singapore 229,189 18,914

Malaysia 28,434 5,442
Brunei 12,288 61
Vietnam 14,485 1,676
New Zealand 10,379
Indonesia 4,348 377
Others 8,222
307,345 26,470
2013
Singapore 224,787 19,405

Malaysia 28,135 3,259
Brunei 11,662 104
New Zealand 16,718 1,671
Vietnam 15,531 2,314
Others 8,495
305,328 26,753

ANALYSIS OF SHAREHOLDINGS
As at September 15, 2014
ISSUED AND FULLY PAID-UP CAPITAL (INCLUDING TREASURY SHARES) : $55,338,264

ISSUED AND FULLY PAID-UP CAPITAL (EXCLUDING TREASURY SHARES) : $56,288,461
NUMBER OF SHARES ISSUED (EXCLUDING TREASURY SHARES) : 435,515,791
NUMBER/PERCENTAGE OF TREASURY SHARES : 2,727,000 (0.63%)
CLASS OF SHARES : ORDINARY SHARES FULLY PAID
VOTING RIGHTS : 1 VOTE PER SHARE
DISTRIBUTION OF SHAREHOLDINGS AS AT SEPTEMBER 15, 2014
Size of shareholdings No. of shareholders % No. of Shares %
1 - 999 176 5.25 76,220 0.02

1,000 - 10,000 1,360 40.56 8,434,726 1.94
10,001 - 1,000,000 1,773 52.88 104,308,819 23.95
1,000,001 and above 44 1.31 322,696,026 74.09
Total 3,353 100.00 435,515,791 100.00
TWENTY LARGEST SHAREHOLDERS AS AT SEPTEMBER 15, 2014
No. Name of shareholders No. of shares %
1 LIM BOON HOCK BERNARD 46,802,402 10.75

2 LIM CHYE HUAT @ BOBBY LIM CHYE HUAT 34,216,897 7.86
3 LIM BOON CHIN BENJAMIN (LIN WENJIN BENJAMIN) 30,843,072 7.08
4 GOH SOO LUAN 24,021,985 5.52
5 LIM CHAI LAI @ LOUIS LIM CHAI LAI 16,392,909 3.76
6 LIM BOON HOH BENEDICT (LIN WENHE, BENEDICT) 14,919,642 3.43
7 LIM HIANG LAN 14,371,532 3.30
8 LIM LIAN HIONG 13,999,132 3.21
9 LIM PHEK CHOO CONSTANCE 12,267,142 2.82
10 LIM LIAN ENG 8,876,048 2.04
11 CITIBANK NOMINEES SINGAPORE PTE LTD 8,751,000 2.01
12 CHAN KUM LIN CAROLYN 8,586,733 1.97
13 CHEN SHYH YI 7,090,001 1.63
14 GERALDINE CHENG HUA YONG 6,668,468 1.53
15 CHIA AH HENG 6,161,607 1.41
16 DBS NOMINEES PTE LTD 5,410,335 1.24
17 YEN TSUNG HUA 5,122,140 1.18
18 HONG LEONG FINANCE NOMINEES PTE LTD 4,531,794 1.04
19 GERALD CHENG KAI YONG 4,452,816 1.02
20 PHILLIP SECURITIES PTE LTD 4,225,616 0.97
277,711,271 63.77
FREE FLOAT OF EQUITY SECURITIES
On the basis in information available to the Company approximately 41.33% of the equity securities of the company
excluding preference shares and convertible securities are held in the hands of the public. This is in compliance with Rule
723 of the Listing Manual of the SGX-ST which requires at least 10% of a listed issuers equity securities to be held by the
public.

ANALYSIS OF SHAREHOLDINGS
As at September 15, 2014
LIST OF SUBSTANTIAL SHAREHOLDERS AND THEIR SHAREHOLDINGS AS AT SEPTEMBER 15,

2014 BASED ON REGISTER OF SUBSTANTIAL SHAREHOLDERS
No. of Shares
Shareholdings registered Shareholdings in which
in the name of Substantial Shareholders
Substantial Shareholders are deemed to have
Name or their Nominees an interest
(1)
Mr. Lim Chye Huat @ Bobby Lim Chye Huat 34,216,897 24,021,985
Mdm. Goh Soo Luan (2) 24,021,985 34,216,897
Mr. Lim Boon Hock Bernard (3) 47,249,627 1,967,792
Mdm. Pang Yoke Chun (4) 1,967,792 47,249,627
Mr. Lim Boon Chin Benjamin 30,843,072 NIL
Mr. Lim Chai Lai @ Louis Lim Chai Lai (5) 16,392,909 8,586,733
Mdm. Chan Kum Lin (6) 8,586,733 16,392,909
Notes:-
(1) Mr. Lim Chye Huat @ Bobby Lim Chye Huat is deemed to have an interest in the 24,021,985 shares held by his wife, Mdm. Goh
Soo Luan.
(2) Mdm. Goh Soo Luan is deemed to have an interest in the 34,216,897 shares held by her husband, Mr. Lim Chye Huat @ Bobby Lim
Chye Huat.
(3) Mr. Lim Boon Hock Bernard is deemed to have an interest in the 1,967,792 shares held by his wife, Mdm. Pang Yoke Chun and her
nominee.
(4) Mdm. Pang Yoke Chun is deemed to have an interest in the 47,249,627 shares held by her husband, Mr. Lim Boon Hock Bernard
and his nominee.
(5) Mr. Lim Chai Lai @ Louis Lim Chai Lai is deemed to have an interest in the 8,586,733 shares held by his wife, Mdm. Chan Kum Lin.
(6) Mdm. Chan Kum Lin is deemed to have an interest in the 16,392,909 shares held by her husband, Mr. Lim Chai Lai @ Louis Lim
Chai Lai.

NOTICE OF ANNUAL GENERAL MEETING
TAI SIN ELECTRIC LIMITED (Incorporated in the Republic of Singapore - Company Registration No: 198000057W)
NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tai Sin Electric Limited will be held at Albizia Room,
Level 2, Jurong Country Club, 9 Science Centre Road, Singapore 609078 on Friday, October 31, 2014 at 10.00 a.m. for
the following purposes:-
AS ORDINARY BUSINESS
1. To receive and adopt the Directors Report and Accounts for the year ended June 30, 2014 together with the
Auditors Report thereon.
2. To declare a nal one-tier tax exempt dividend of $0.015 per ordinary share for the year ended June 30, 2014.
3. To approve the payment of up to $180,000 as Directors fees for the year ending June 30, 2015. ( 2014 : $156,000)
4. To re-elect Mr. Lim Chye Huat @ Bobby Lim Chye Huat the Director retiring by rotation pursuant to the Articles of
Association of the Company.
5. To consider and, if thought t, to pass the following resolutions as Ordinary Resolutions:-
(a) That pursuant to Section 153(6) of the Companies Act, Cap. 50, Prof. Lee Chang Leng Brian who is over 70
years of age, be and is hereby re-appointed as a Director of the Company to hold ofce until the conclusion
of the next Annual General Meeting.
(b) That pursuant to Section 153(6) of the Companies Act, Cap. 50, Mr. Tay Joo Soon who is over 70 years of
age, be and is hereby re-appointed as a Director of the Company to hold ofce until the conclusion of the
next Annual General Meeting.
6. To re-appoint Deloitte & Touche LLP as Auditors and to authorise the Directors to x their remuneration.
AS SPECIAL BUSINESS
To consider and, if thought t, to pass the following resolutions as Ordinary Resolutions:-
7. Authority to issue new shares and/or convertible instruments
That pursuant to Section 161 of the Companies Act, Cap. 50 and Rule 806 of the Listing Manual of the Singapore
Exchange Securities Trading Limited, approval be and is hereby given to the Directors to issue shares in the capital
of the Company whether by way of rights, bonus or otherwise (shares) and/or make or grant offers, agreements or
options that might or would require shares to be issued (Instruments) including but not limited to the creation and
issue of (as well as adjustments to) warrants, debentures or other instruments convertible into shares, at any time,
to such persons, upon such terms and conditions and for such purposes, as the Directors may in their absolute
discretion deem t, provided that:-
(i) the aggregate number of shares to be issued pursuant to this Resolution shall not exceed 50% of the total
number of issued shares excluding treasury shares of the Company, of which the aggregate number of
shares to be issued other than on a pro-rata basis to existing shareholders shall not exceed 20% of the total
number of issued shares excluding treasury shares of the Company;
(ii) for the purpose of determining the aggregate number of shares that may be issued under (i) above, the
percentage of issued shares shall be based on the total number of issued shares excluding treasury shares
of the Company at the time this Resolution is passed, after adjusting for:-
(a) new shares arising from the conversion or exercise of any convertible securities or employee share
options that are outstanding when this Resolution is passed; and
(b) any subsequent bonus issue, consolidation or subdivision of shares; and
(iii) unless revoked or varied by the Company in general meeting, such authority conferred by this Resolution
shall continue in force until the conclusion of the next Annual General Meeting of the Company or the date by
which the next Annual General Meeting is required by law to be held, whichever is the earlier.

NOTICE OF ANNUAL GENERAL MEETING
TAI SIN ELECTRIC LIMITED (Incorporated in the Republic of Singapore - Company Registration No: 198000057W)
8. Authority to issue new shares pursuant to Scrip Dividend Scheme
That the Directors of the Company be and are hereby authorised for the purposes of, in connection with or where
contemplated by the Tai Sin Electric Limited Scrip Dividend Scheme to:-
(i) allot and issue from time to time shares in the capital of the Company (Shares) and/or make or grant offers,
agreements or options that might or would require Shares in the capital of the Company to be issued during
the continuance of this authority or thereafter, at any time and upon such terms and conditions and to or
with such persons as the Directors of the Company may, in their absolute discretion, deem t; and
(ii) issue Shares in the capital of the Company in pursuance of any offer, agreement, or option made or granted
by the Directors of the Company while such authority was in force (notwithstanding that such issues of such
Shares pursuant to the offer, agreement or option may occur after the expiration of the authority contained in
this Resolution).
9. To transact any other business of an Annual General Meeting.
BY ORDER OF THE BOARD
Tan Shou Chieh

Secretary
Singapore, October 9, 2014
Notes:
(1) A member of the Company entitled to attend and vote at the above Meeting is entitled to appoint not more than two proxies
to attend and vote on his behalf. A proxy need not be a member of the Company. The instrument appointing a proxy must be
deposited at the Registered Ofce of the Company at 24 Gul Crescent, Jurong Town, Singapore 629531 not less than 48 hours
before the time for holding the Meeting.
(2) The ordinary resolution proposed in item 3 above, is to facilitate payment of Directors fees to Non-executive Directors on a
continuing as-earned current year basis, for the nancial year ending 30 June 2015 (FY 2015).
If shareholders approval is obtained for this proposal, payment of Directors fees to the Non-executive Directors will be pro-rated or
apportioned accordingly and made on or after the last day of each quarter in FY 2015 in respect of the period then ended. If, for
unforeseen reasons, payments are required to be made to Directors in excess of the amount proposed in item 3, the Company will
revert to shareholders for approval at the subsequent Annual General Meeting before any such payments are made.
(3) Prof. Lee Chang Leng Brian is considered to be an independent director by the Board of Directors, and if re-appointed under item
5(a) above, will remain as an Audit Committee Member.
(4) Mr. Tay Joo Soon is considered to be an independent director by the Board of Directors, and if re-appointed under item 5(b) above,
will remain as the Audit Committee Chairman.
(5) The ordinary resolution proposed in item 7 above, if passed, will empower the Directors of the Company from the date of the above
Meeting until the next Annual General Meeting to issue new shares or instruments convertible into shares in the Company subject to
the limits imposed by the Resolution, for such purposes as they consider would be in the interests of the Company. This authority,
unless revoked or varied at a general meeting, will expire at the next Annual General Meeting of the Company.
(6) The ordinary resolution proposed in item 8 above, if passed, will authorise the Directors of the Company to issue shares pursuant to
the Tai Sin Electric Limited Scrip Dividend Scheme principally to members who, in respect of a qualifying dividend, have elected to
receive scrip in lieu of the cash amount of that qualifying dividend.

This page has been intentionally left blank
TAI SIN ELECTRIC LIMITED
(Incorporated in the Republic of Singapore - Company Registration No: 198000057W)
IMPORTANT
1. For investors who have used their CPF monies to buy shares of
Tai Sin Electric Limited, this Annual Report is forwarded to them
at the request of their CPF Approved Nominees and is sent solely
FOR INFORMATION ONLY.
2. This Proxy Form is not valid for use by CPF investors and shall be
ineffective for all intents and purposes if used or purported to be
PROXY FORM used by them.
I/We (Name)
of (Address)
being a member/members of Tai Sin Electric Limited hereby appoint:
NRIC/ Proportion of
Passport shareholdings
Name Address Number represented
and / or (delete as appropriate)
as my/our proxy/proxies to vote for me/us on my/our behalf, at the Annual General Meeting of the Company, to be held on
October 31, 2014 and at any adjournment thereof. I/We direct my/our proxy/proxies to vote for or against the Resolutions
to be proposed at the Meeting as indicated with an X hereunder. If no specic direction as to voting is given, the proxy/
proxies will vote or abstain from voting at his/their discretion, as he/they will on any other matter arising at the Meeting.
No. Resolutions relating to: For Against

1. Adoption of Accounts and Reports
2. Declaration of Final Dividend
3. Approval of Directors Fees for year ending 30 June 2015
4. Re-election of Mr. Lim Chye Huat @ Bobby Lim Chye Huat as a Director
5. (a) Re-appointment of Prof. Lee Chang Leng Brian as a Director
(b) Re-appointment of Mr. Tay Joo Soon as a Director
6. Re-appointment of Auditors and xing their remuneration
7. As special business - approving the Mandate for the Directors to issue new shares
and/or convertible instruments
8. As special business - authorising the Directors to issue new shares pursuant to the
Tai Sin Electric Limited Scrip Dividend Scheme
Dated this day of 2014.
Total Number of Shares Held
IMPORTANT:
Signature(s) of Member(s)/Common Seal PLEASE READ NOTES OVERLEAF
NOTES:
1. A member of the Company entitled to attend and vote at the Meeting is entitled to appoint not more than two proxies to attend and
vote on his behalf.
2. Where a member appoints two proxies, he shall specify the proportion of his shares to be represented by each proxy and if no
proportion is specied, the rst named proxy shall be deemed to represent all of the shareholding and the second named proxy shall
be deemed to be an alternate to the rst named.
3. A proxy need not be a member of the Company.
4. Please insert the total number of shares held by you. If you have shares entered against your name in the Depository Register (as
dened in Section 130A of the Companies Act, Chapter 50), you should insert that number of shares. If you have shares registered
in your name in the Register of Members of the Company, you should insert that number of shares. If you have shares entered
against your name in the Depository Register and also in the Register of Members, you should insert the aggregate number of
shares. If no number is inserted, the instrument appointing a proxy or proxies will be deemed to relate to all the shares held by you.
5. The instrument appointing a proxy or proxies must be deposited at the Companys Registered Ofce at 24 Gul Crescent, Jurong
Town, Singapore 629531 not less than 48 hours before the time set for the Meeting.
6. The instrument appointing a proxy or proxies must be under the hand of the appointor or of his attorney duly authorised in writing.
Where the instrument appointing a proxy or proxies is executed by a corporation, it must be executed either under its common seal
or under the hand of its attorney or a duly authorised ofcer.
7. Where an instrument appointing a proxy or proxies is signed on behalf of the appointor by an attorney, the letter or power of
attorney or a duly certied copy thereof must (failing previous registration with the Company) be lodged with the instrument of proxy,
failing which the instrument may be treated as invalid.
8. The Company shall be entitled to reject any instrument appointing a proxy or proxies which is incomplete, improperly completed,
illegible or where the true intentions of the appointor are not ascertainable from the instructions of the appointor specied in the
instrument. In addition, in the case of shares entered in the Depository Register, the Company may reject any instrument appointing
a proxy or proxies if the member, being the appointor, is not shown to have shares entered against his name in the Depository
Register as at 48 hours before the time appointed for holding the Meeting, as certied by The Central Depository (Pte) Limited to the
Company.
Corporate DIRECTORy
CORPORATE HEADQUARTERS
Singapore 629531
Tel: (+65) 6672 9292
Fax: (+65) 6861 4084
Website: www.taisinelectric.com
SINGAPORE MALAYSIA Representative Office Da Nang City

259 Nguyen Van Linh Street
TAI SIN ELECTRIC LIMITED TAI SIN ELECTRIC CABLES Da Nang City, Vietnam
24 Gul Crescent, Jurong Town (MALAYSIA) SDN BHD Tel: (+84) 511 365 6871
Singapore 629531 Fax: (+84) 511 365 6872
Tel: (+65) 6672 9292 Head Office Johor Bahru
Fax: (+65) 6861 4084 PTD 37433, 37434 and 37444 Representative Office Ha Noi
Email: sales@taisin.com.sg Off Jalan Perindustrian Senai 3 85 Nugen Du Street
Website: www.taisin.com.sg Kawasan Perindustrian Senai Fasa 2 Hai Ba Trung District
P.O. Box 73, 81400 Senai Ha Noi, Vietnam
LIM KIM HAI ELECTRIC CO (S) PTE LTD Johor Darul Takzim, Malaysia Tel: (+84) 4 3943 4333
Lim Kim Hai Building Tel: (+60) 7 599 8888 Fax: (+84) 4 3943 4222
53 Kallang Place, Singapore 339177 Fax: (+60) 7 599 8898
Tel: (+65) 6292 3711 / 6490 5000 Email: sales@taisin.com.my
Fax: (+65) 6297 0078 Website: www.taisin.com.my
BRUNEI
Email: sales@limkimhai.com.sg
PKS SDN BHD
Website: www.limkimhai.com.sg Branch Office Subang Jaya
Lot B, Kawasan Perindustrian Beribi 1
No. 7, Jalan SS 13/3A
Jalan Gadong BE 1118
PRECICON D&C PTE LTD 47500 Subang Jaya
Bandar Seri Begawan
27 Gul Avenue, Singapore 629667 Selangor Darul Ehsan, Malaysia
Negara Brunei Darussalam
Tel: (+65) 6672 9229 Tel: (+60) 3 5638 4389 / 3 5635 4384
Tel: (+673) 2 421 348 / 2 421 349
Fax: (+65) 6897 8890 Fax: (+60) 3 5636 2576
Fax: (+673) 2 421 347
Email: sales@precicon.com.sg
Website: www.precicon.com.sg Branch Office Kuching
43, Muara Tabuan Light Industrial Park Indonesia
LKH POWER DISTRIBUTION PTE LTD Jalan Setia Raja
Lim Kim Hai Building 93350 Kuching PT CAST Laboratories Indonesia
53 Kallang Place, 1st Storey Sarawak, Malaysia Central Sukajadi
Singapore 339177 Tel: (+60) 82 368 408 Blok B1 No. 3A-5
Tel: (+65) 6897 7078 Fax: (+60) 82 368 407 Batam Kota
Fax: (+65) 6897 7079 Batam 29462
Email: lkhpd@limkimhai.com.sg Castconsult Sdn Bhd Indonesia
Website: www.lkhpd.com.sg No.17 & 17-01, Jalan Kempas Utama Tel: (+62) 778 736 7502 / 778 736 7503
Taman Kempas Utama Fax: (+62) 778 736 7614
Cast Laboratories Pte Ltd 81100 Johor Bahru Email: cast@castlab.co.id
Johor Darul Takzim, Malaysia Website: www.castlab.co.id
Head Office Tel: (+60) 7 558 1830
27 Defu Lane 6 Fax: (+60) 7 554 1830
Singapore 539380 Email: cast@castlab.com.my
Tel: (+65) 6288 0080 / 6848 3020 Website: www.castlab.com.my
Fax: (+65) 6288 3181
Email: cast@castlab.com.sg
Website: www.castlab.com.sg VIETNAM
Branch Office TAI SIN ELECTRIC CABLES (VN)
18 Boon Lay Way CO LTD
#02-136, Trade Hub 21 No 20, VSIP II Street 2
Singapore 609966 Vietnam-Singapore Industrial Park 2
Tel: (+65) 6316 9926 / 6500 7755 / 6848 3041 Hoa Phu Ward, Thu Dau Mot City
Fax: (+65) 6795 0026 Binh Duong Province, Vietnam
Tel: (+84) 650 3635 088
Branch Office Fax: (+84) 650 3635 077
53 Tampines Industrial Avenue 5 Email: sales@taisin.com.vn
Singapore 528636 Website: www.taisin.com.vn
Tel: (+65) 6260 6190
Fax: (+65) 6260 4257 LIM KIM HAI ELECTRIC (VN) CO LTD
CiPGi Pte Ltd Head Office Ho Chi Minh City

12 Defu Lane 1 78 Hoa Cuc Street
Singapore 539487 Ward 7, Phu Nhuan District
Tel: (+65) 6848 3062 Ho Chi Minh City, Vietnam
Fax: (+65) 6288 9912 Tel: (+84) 8 3517 1717
Email: cipgi@cipgi.com.sg Fax: (+84) 8 3517 1818
Website: www.cipgi.com.sg Email: lkhvn@limkimhai.com

Singapore 629531
Tel: (+65) 6672 9292
Fax: (+65) 6861 4084
Website: www.taisinelectric.com

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Building a

03 Our renewed group corporate vision 16 Board of Directors

04 BUSINESS DIVISIONS 18 Key Management

05 Financial Highlights 20 CORPORATE INFORMATION

06 Cable & Wire Segment 21 CORPORATE GOVERNANCE

07 Switchboard Segment 28 FINANCIAL STATEMENTS

08 Electrical material Distribution Segment

09 Test & Inspection Segment

Presently known as Tai Sin Electric Limited Group of

The Group operates a highly successful network distributing

TAI SIN ELECTRIC LIMITED 01

02 ANNUAL REPORT 2014

TAI SIN ELECTRIC LIMITED 03

Cable & Wire (C&W) Segment

Electrical Material Distribution (EMD) Segment

Test & Inspection (T&I) Segment

Strategic Investment Division

Nylect International Pte Ltd

04 ANNUAL REPORT 2014

Profit Before Income Tax

Net Asset Value Per Share

TAI SIN ELECTRIC LIMITED 05

This segment stocks a wide range of Power, Control,

Unity Segment Information

Total gross floor area: 23,210 square metres

Total production capacity 1,600 metric tonnes of

06 ANNUAL REPORT 2014

PKS carries a wide range of switchgear products for use in

TAI SIN ELECTRIC LIMITED 07

This Segment focuses on maintenance, repair and operations

We work as a team harmoniously with respect and cultivating

We believe in learning and communication to encourage new

08 ANNUAL REPORT 2014

VISION Malaysia; CASTconsult Sdn Bhd and in Indonesia; PT CAST

We are committed to service excellence and professionalism.

TAI SIN ELECTRIC LIMITED 09

Meanwhile, our Electrical Material Distribution (EMD)

Group profit before income tax grew 8.51% to $26.21 million

Financially, the Groups position continues to look healthy

The net asset value of the Group continued to be strong

I am pleased to report that Tai Sin Group registered

With improved contributions from the Cable & Wire (C&W)

10 ANNUAL REPORT 2014

TAI SIN ELECTRIC LIMITED 11

A Thinking As One culture is being promoted across the

12 ANNUAL REPORT 2014

TAI SIN ELECTRIC LIMITED 13

14 ANNUAL REPORT 2014

100% Tai Sin Electric

100% 90% Lim Kim Hai

100% Precicon D&C

100% Lim Kim Hai 100%

TAI SIN ELECTRIC LIMITED 15

Professor Lee Chang Leng Brian, Lim Boon Hock Bernard

Board Committee Served on: Board Committee Served On:

Present Directorships as at 30 June 2014:

16 ANNUAL REPORT 2014

Length of Service as Director (as at 30 June 2014):