Temasek 101: What PAP does not want you to know.

[ozeman]

Don't worry about Locke mate. That bloke is so full of shit. First he claims to be an opposition supporter but yet he defends the PAP at every opportunity. He is still waiting for the tea party that is yet to come! HahAha....

I am waiting for Lock to post one revelation here, that makes every one say, thats right, hor. I am not aware of any such posts if his. this clown just has an axe to grind with me. I welcome it. he looks like a retard when he replies to my posts.

 

[lockeliberal]

Dear PAP

Firstly what I am saying is that your assumption that the management at Temasak at group is paid to much based on the figures you have stated is entirely wrong because of the nature of consolidated group accounting.

Secondly I am unable to break down how much it costs to manage Temasek Group based on the figures available thus for, in that regards greater transparency is a requirement. For example were there any write down costs or written of investments at the group level and if so were we told about it ?

Thirdly the whole nature of group and consolidating accounting can be deceptive in determining profitability and the efficiency of each component company as consolidation of expenses and revenue and its extent depends on the actual percentage stake held with lower percentages not calculated. For example a minority stake of 5% would not be reflected in the consolidated expense group balance sheet.

Grin and if I am a retard than so be it but those who know something about financial accounting will know better than you I suspect whether my questions add to the discussion or subtract from you


Locke

 

[Papsmearer]

More informative would be the segmental reports that show the financial performance of the various sectors and the company (HQ).

The consolidate financial statements of the group will not tell you very much, but helps the user to select areas to drill down. Also it must be read together with the disclosures. The financial statements and disclosures form the complete financial report.

If it is consolidated then the whole result of the individual companies in the group are summed. Have to look at minority interest and share of profit. Only associates are apportioned.

Just my 2c.

Yes, someone who knows something about financial accounting. In fact, I always read the disclosures first when i look at a financial statement. But unfortunately, such information is not at my access now. Asi mentioned, I felt admin cost of over $8 billion seems to be very high to me, even based on such rudimentary statements. What is your take on the statements.?

 

[hairylee]

Dear PAP

The expenses as u stated are correct and high because under group consolidated accounting rules, If Temasek owns 50% or 40% of company X or Company Y , then the expenses of X and Y are apportioned accordingly to the holding company which is Temasek.

Whilst I am all for greater transparency and calculation of Temasek's direct expenses I am afraid your initial assumptions are wrong.
Locke

In other words X and Y company account shows no expenses since they are apportioned to the holding company.
Likewise, all deaths at Hospitals apportioned to SingHealth so hospitals record shows all patients walk out of the hospitals alive.

 

[soIsee]

Dear PAP

Firstly what I am saying is that your assumption that the management at Temasak at group is paid to much based on the figures you have stated is entirely wrong because of the nature of consolidated group accounting.

Secondly I am unable to break down how much it costs to manage Temasek Group based on the figures available thus for, in that regards greater transparency is a requirement. For example were there any write down costs or written of investments at the group level and if so were we told about it ?

Thirdly the whole nature of group and consolidating accounting can be deceptive in determining profitability and the efficiency of each component company as consolidation of expenses and revenue and its extent depends on the actual percentage stake held with lower percentages not calculated. For example a minority stake of 5% would not be reflected in the consolidated expense group balance sheet.

Grin and if I am a retard than so be it but those who know something about financial accounting will know better than you I suspect whether my questions add to the discussion or subtract from you


Locke

You are talking rubbish.

The financial figure for expenditure just 'don't square' with whatever the group has a total financial asset.

talk about greed going way out of control.

even a complete retard who can't count from from 1 to 10 and who knows nuts about your so called accounting expertise, will tell you 'something is VERY wrong' here.

 

[soIsee]

pap retarded dog you need to take 1.5 years to come out with a response to locke? IQ so low? or typing skills so bad

you think he will stay in this thread to reply to you is it

You are so retarded that you can't figure out which is the PAP retarded dog and which is not.

Which is just as well since you're beyond being retarded! LOL