PAVILLON HOLDINGS LTD. ANNUAL REPORT 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| RevenueS$'000 | 16,322 | 17,630 | PDF p. 26 |
| Other items of income | |||
| Interest income – bank depositsS$'000 | 83 | 134 | PDF p. 26 |
| Interest income – loan to an associated companyS$'000 | – | 621 | PDF p. 26 |
| Other incomeS$'000 | 427 | 2,551 | PDF p. 26 |
| Items of expenses | |||
| Raw materials and changes in inventoriesS$'000 | (4,227) | (4,381) | PDF p. 26 |
| Employee compensationS$'000 | (5,409) | (5,475) | PDF p. 26 |
| Depreciation of property, plant and equipmentS$'000 | (1,300) | (1,228) | PDF p. 26 |
| Finance expensesS$'000 | (2,343) | (1,327) | PDF p. 26 |
| Currency exchange losses - netS$'000 | (790) | (6) | PDF p. 26 |
| Fair value loss on investment propertiesS$'000 | (24,678) | (2,751) | PDF p. 26 |
| Other operating expensesS$'000 | (4,271) | (3,508) | PDF p. 26 |
| Total expensesS$'000 | (43,018) | (18,676) | PDF p. 26 |
| Income | |||
| Share of loss of associated companiesS$'000 | – | (528) | PDF p. 26 |
| (Loss)/profit before income taxS$'000 | (26,186) | 1,732 | PDF p. 26 |
| Income tax expensesS$'000 | (140) | (292) | PDF p. 26 |
| Net (loss)/profitS$'000 | (26,326) | 1,440 | PDF p. 26 |
| Items that may be reclassified subsequently to profit or loss | |||
| – Currency translation gains arising from consolidationS$'000 | 53 | 8 | PDF p. 26 |
| Items that will not be reclassified subsequently to profit or loss | |||
| – Currency translation losses arising from consolidationS$'000 | (105) | (72) | PDF p. 26 |
| – Fair value gains/(losses) – financial assets, at FVOCIS$'000 | 8,926 | (362) | PDF p. 26 |
| Other comprehensive (loss)/income | |||
| Other comprehensive income/(loss), net of taxS$'000 | 8,874 | (426) | PDF p. 26 |
| Total comprehensive (loss)/incomeS$'000 | (17,452) | 1,014 | PDF p. 26 |
| (Loss)/profit attributable to | |||
| Equity holders of the CompanyS$'000 | (11,990) | 3,256 | PDF p. 26 |
| Non-controlling interestsS$'000 | (14,336) | (1,816) | PDF p. 26 |
| SubtotalS$'000 | (26,326) | 1,440 | PDF p. 26 |
| Total comprehensive (loss)/income attributable to | |||
| Equity holders of the CompanyS$'000 | (3,011) | 2,902 | PDF p. 26 |
| Non-controlling interestsS$'000 | (14,441) | (1,888) | PDF p. 26 |
| SubtotalS$'000 | (17,452) | 1,014 | PDF p. 26 |
| Earnings per share for (loss)/profit attributable to equity holders of the Company | |||
| – Basiccents per share | (0.84) | 0.23 | PDF p. 26 |
| – Dilutedcents per share | (0.84) | 0.23 | PDF p. 26 |
Original report: PDF p. 26 ↗
The accompanying notes form an integral part of these financial statements.
Financial year ended 31 December 2025.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalentsS$'000 | 14,886 | 7,788 | PDF p. 27 |
| Trade and other receivablesS$'000 | 812 | 995 | PDF p. 27 |
| InventoriesS$'000 | 5,402 | 3,040 | PDF p. 27 |
| SubtotalS$'000 | 21,100 | 11,823 | PDF p. 27 |
| Non-current assets | |||
| Other receivablesS$'000 | 822 | 865 | PDF p. 27 |
| Financial asset, at FVOCIS$'000 | 5,587 | 5,429 | PDF p. 27 |
| Investments in associated companiesS$'000 | – | – | PDF p. 27 |
| Property, plant and equipmentS$'000 | 3,606 | 2,071 | PDF p. 27 |
| Intangible assetsS$'000 | 5 | – | PDF p. 27 |
| Investment propertiesS$'000 | 71,658 | 98,039 | PDF p. 27 |
| SubtotalS$'000 | 81,678 | 106,404 | PDF p. 27 |
| ASSETS | |||
| Total assetsS$'000 | 102,778 | 118,227 | PDF p. 27 |
| Current liabilities | |||
| Trade and other payablesS$'000 | 3,534 | 7,084 | PDF p. 27 |
| Contract liabilitiesS$'000 | 107 | 99 | PDF p. 27 |
| Current income tax liabilitiesS$'000 | 3,064 | 433 | PDF p. 27 |
| BorrowingsS$'000 | 5,613 | 7,614 | PDF p. 27 |
| SubtotalS$'000 | 12,318 | 15,230 | PDF p. 27 |
| Non-current liabilities | |||
| Trade and other payablesS$'000 | 5,105 | 991 | PDF p. 27 |
| BorrowingsS$'000 | 40,553 | 40,666 | PDF p. 27 |
| ProvisionsS$'000 | 500 | 339 | PDF p. 27 |
| Deferred tax liabilitiesS$'000 | 1,260 | 507 | PDF p. 27 |
| SubtotalS$'000 | 47,418 | 42,503 | PDF p. 27 |
| LIABILITIES | |||
| Total liabilitiesS$'000 | 59,736 | 57,733 | PDF p. 27 |
| NET ASSETSS$'000 | 43,042 | 60,494 | PDF p. 27 |
| EQUITY | |||
| Share capitalS$'000 | 82,097 | 82,097 | PDF p. 27 |
| Other reservesS$'000 | 6,956 | 4,375 | PDF p. 27 |
| Accumulated lossesS$'000 | (39,550) | (33,958) | PDF p. 27 |
| SubtotalS$'000 | 49,503 | 52,514 | PDF p. 27 |
| Non-controlling interestsS$'000 | (6,461) | 7,980 | PDF p. 27 |
| TOTAL EQUITYS$'000 | 43,042 | 60,494 | PDF p. 27 |
Original report: PDF p. 27 ↗
The accompanying notes form an integral part of these financial statements.
As at 31 December 2025.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalentsS$'000 | 204 | 126 | PDF p. 28 |
| Trade and other receivablesS$'000 | 362 | 41,724 | PDF p. 28 |
| SubtotalS$'000 | 566 | 41,850 | PDF p. 28 |
| Non-current assets | |||
| Other receivablesS$'000 | 3,847 | 4,076 | PDF p. 28 |
| Investments in subsidiary corporationsS$'000 | 9,843 | 9,843 | PDF p. 28 |
| Property, plant and equipmentS$'000 | – | – | PDF p. 28 |
| SubtotalS$'000 | 13,690 | 13,919 | PDF p. 28 |
| ASSETS | |||
| Total assetsS$'000 | 14,256 | 55,769 | PDF p. 28 |
| Current liabilities | |||
| Trade and other payablesS$'000 | 3,023 | 3,362 | PDF p. 28 |
| BorrowingsS$'000 | – | 161 | PDF p. 28 |
| SubtotalS$'000 | 3,023 | 3,523 | PDF p. 28 |
| Non-current liabilities | |||
| Trade and other payablesS$'000 | 60 | 60 | PDF p. 28 |
| LIABILITIES | |||
| Total liabilitiesS$'000 | 3,083 | 3,583 | PDF p. 28 |
| NET ASSETSS$'000 | 11,173 | 52,186 | PDF p. 28 |
| EQUITY | |||
| Share capitalS$'000 | 82,097 | 82,097 | PDF p. 28 |
| Accumulated lossesS$'000 | (70,924) | (29,911) | PDF p. 28 |
| TOTAL EQUITYS$'000 | 11,173 | 52,186 | PDF p. 28 |
Original report: PDF p. 28 ↗
The accompanying notes form an integral part of these financial statements.
As at 31 December 2025.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$'000 | 2024Group, S$'000 | Source |
|---|---|---|---|
| Income | |||
| RevenueS$'000 | 16,322 | 17,630 | PDF p. 26 |
| Other items of income | |||
| Interest income – bank depositsS$'000 | 83 | 134 | PDF p. 26 |
| Interest income – loan to an associated companyS$'000 | – | 621 | PDF p. 26 |
| Other incomeS$'000 | 427 | 2,551 | PDF p. 26 |
| Items of expenses | |||
| Raw materials and changes in inventoriesS$'000 | (4,227) | (4,381) | PDF p. 26 |
| Employee compensationS$'000 | (5,409) | (5,475) | PDF p. 26 |
| Depreciation of property, plant and equipmentS$'000 | (1,300) | (1,228) | PDF p. 26 |
| Finance expensesS$'000 | (2,343) | (1,327) | PDF p. 26 |
| Currency exchange losses - netS$'000 | (790) | (6) | PDF p. 26 |
| Fair value loss on investment propertiesS$'000 | (24,678) | (2,751) | PDF p. 26 |
| Other operating expensesS$'000 | (4,271) | (3,508) | PDF p. 26 |
| Total expensesS$'000 | (43,018) | (18,676) | PDF p. 26 |
| Income statement | |||
| Share of loss of associated companiesS$'000 | – | (528) | PDF p. 26 |
| (Loss)/profit before income taxS$'000 | (26,186) | 1,732 | PDF p. 26 |
| Income tax expensesS$'000 | (140) | (292) | PDF p. 26 |
| Net (loss)/profitS$'000 | (26,326) | 1,440 | PDF p. 26 |
| Other comprehensive (loss)/income: items that may be reclassified | |||
| – Currency translation gains arising from consolidationS$'000 | 53 | 8 | PDF p. 26 |
| Other comprehensive (loss)/income: items that will not be reclassified | |||
| – Currency translation losses arising from consolidationS$'000 | (105) | (72) | PDF p. 26 |
| – Fair value gains/(losses) – financial assets, at FVOCIS$'000 | 8,926 | (362) | PDF p. 26 |
| Other comprehensive (loss)/income | |||
| Other comprehensive income/(loss), net of taxS$'000 | 8,874 | (426) | PDF p. 26 |
| Total | |||
| Total comprehensive (loss)/incomeS$'000 | (17,452) | 1,014 | PDF p. 26 |
| (Loss)/profit attributable to | |||
| Equity holders of the CompanyS$'000 | (11,990) | 3,256 | PDF p. 26 |
| Non-controlling interestsS$'000 | (14,336) | (1,816) | PDF p. 26 |
| Total comprehensive (loss)/income attributable to | |||
| Equity holders of the CompanyS$'000 | (3,011) | 2,902 | PDF p. 26 |
| Non-controlling interestsS$'000 | (14,441) | (1,888) | PDF p. 26 |
| Earnings per share (cents per share) | |||
| – Basiccents per share | (0.84) | 0.23 | PDF p. 26 |
| – Dilutedcents per share | (0.84) | 0.23 | PDF p. 26 |
Original report: PDF p. 26 ↗
Note column refs omitted from values. Company-level comprehensive income statement not presented separately.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$'000 | 2024Group, S$'000 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net (loss)/profitS$'000 | (26,326) | 1,440 | PDF p. 31 |
| Adjustments for | |||
| – Depreciation of property, plant and equipmentS$'000 | 1,300 | 1,228 | PDF p. 31 |
| – Gain on disposal of property, plant and equipmentS$'000 | – | (199) | PDF p. 31 |
| – Income tax expensesS$'000 | 140 | 292 | PDF p. 31 |
| – Interest expensesS$'000 | 2,343 | 1,327 | PDF p. 31 |
| – Interest incomeS$'000 | (83) | (755) | PDF p. 31 |
| – Dividend incomeS$'000 | (100) | (118) | PDF p. 31 |
| – Property, plant and equipment written offS$'000 | 106 | 18 | PDF p. 31 |
| – Share of loss of associated companiesS$'000 | – | 528 | PDF p. 31 |
| – Unrealised currency translation lossesS$'000 | 518 | 1,015 | PDF p. 31 |
| – Fair value loss on investment propertiesS$'000 | 24,678 | 2,751 | PDF p. 31 |
| – Waiver of interest on loanS$'000 | – | (1,849) | PDF p. 31 |
| Operating cash flow before working capital changes (unlabelled subtotal)S$'000 | 2,715 | 5,678 | PDF p. 31 |
| Change in working capital | |||
| – InventoriesS$'000 | (2,362) | (619) | PDF p. 31 |
| – Trade and other receivablesS$'000 | 293 | (1,180) | PDF p. 31 |
| – Trade and other payablesS$'000 | (95) | (533) | PDF p. 31 |
| – Contract liabilitiesS$'000 | 8 | 11 | PDF p. 31 |
| Cash flows from operating activities | |||
| Cash generated from operationsS$'000 | 559 | 3,357 | PDF p. 31 |
| Income tax paidS$'000 | (371) | (275) | PDF p. 31 |
| Net cash provided by operating activitiesS$'000 | 188 | 3,082 | PDF p. 31 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipmentS$'000 | (2,092) | (166) | PDF p. 31 |
| Additions to intangible assetsS$'000 | (5) | – | PDF p. 31 |
| Proceeds from disposal of property, plant and equipmentS$'000 | – | 199 | PDF p. 31 |
| Proceeds from disposal of management rights over a land parcelS$'000 | 61 | – | PDF p. 31 |
| Proceeds from disposal of investment classified as FVOCIS$'000 | 12,383 | – | PDF p. 31 |
| Additions to investment propertiesS$'000 | – | (114) | PDF p. 31 |
| Dividend receivedS$'000 | 100 | 118 | PDF p. 31 |
| Interest receivedS$'000 | 83 | 134 | PDF p. 31 |
| Net cash inflow from gain of control over associated companiesS$'000 | – | 825 | PDF p. 31 |
| Net cash provided by investing activitiesS$'000 | 10,530 | 996 | PDF p. 31 |
Original report: PDF p. 31 ↗
Continues on page 32 (financing activities and closing cash).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$'000 | 2024Group, S$'000 | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| Principal payment of lease liabilitiesS$'000 | (1,021) | (979) | PDF p. 32 |
| Principal payment of bank borrowingsS$'000 | (4,350) | (3,128) | PDF p. 32 |
| Repayment of loan from a third partyS$'000 | – | (20,195) | PDF p. 32 |
| Proceeds from loan from immediate and ultimate holding corporationS$'000 | 2,179 | 20,105 | PDF p. 32 |
| Advance from a related partyS$'000 | 634 | 3,182 | PDF p. 32 |
| Interest paidS$'000 | (1,262) | (1,023) | PDF p. 32 |
| Net cash used in financing activitiesS$'000 | (3,820) | (2,038) | PDF p. 32 |
| Cash and cash equivalents | |||
| Net increase in cash and cash equivalentsS$'000 | 6,898 | 2,040 | PDF p. 32 |
| Beginning of financial yearS$'000 | 7,788 | 5,748 | PDF p. 32 |
| End of financial yearS$'000 | 14,886 | 7,788 | PDF p. 32 |
Original report: PDF p. 32 ↗
* Amount less than S$1,000
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group turnover FY2022 | 2023Group turnover FY2023 | 2024Group turnover FY2024 | 2025Group turnover FY2025 | Source |
|---|---|---|---|---|---|
| Financial Highlights | |||||
| TURNOVERS$'000 | 16,309 | 17,957 | 17,630 | 16,322 | PDF p. 12 |
Original report: PDF p. 12 ↗
Chart data extracted from text layer; values mapped to FY2022–FY2025 in printed left-to-right order, which is consistent with the notes' FY2024 revenue 17,630 and FY2025 16,322. The PBT and PAT charts on the same page have jumbled labels and were not mapped to years except where corroborated by the statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share | |||
| (Loss)/profit attributable to equity holders of the Company (S$’000)S$'000 | (11,990) | 3,256 | PDF p. 63 |
| Weighted average number of ordinary shares outstanding for basic (loss)/earnings per sharenumber of shares | 1,434,967,260 | 1,434,967,260 | PDF p. 63 |
| Basic (loss)/earnings per share (cents per share)cents per share | (0.84) | 0.23 | PDF p. 63 |
Original report: PDF p. 63 ↗
The dilutive earnings per share is the same as the basic loss per share as there were no dilutive potential shares.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share (cents per share) | |||
| – Basiccents per share | (0.84) | 0.23 | PDF p. 26 |
| – Dilutedcents per share | (0.84) | 0.23 | PDF p. 26 |
Original report: PDF p. 26 ↗
Where the money comes from
| Item / unit | 2025Food and beverages | 2025Properties | 2025All other segments | 2025Eliminations | 2025Total | 2024Food and beverages | 2024Properties | 2024All other segments | 2024Eliminations | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Sales to external partiesS$’000 | 14,302 | 2,020 | – | – | 16,322 | 15,717 | 1,908 | 5 | – | 17,630 | PDF p. 110PDF p. 111 |
| Inter-segment salesS$’000 | – | 787 | 1,419 | (2,206) | – | – | – | 1,562 | (1,562) | – | PDF p. 110PDF p. 111 |
| Expenses | |||||||||||
| Raw materials and changes in inventoriesS$’000 | (4,224) | – | (3) | – | (4,227) | (4,381) | – | – | – | (4,381) | PDF p. 110PDF p. 111 |
| Employee compensationS$’000 | (4,998) | (188) | (223) | – | (5,409) | (4,171) | (272) | (1,032) | – | (5,475) | PDF p. 110PDF p. 111 |
| Finance expensesS$’000 | (54) | (2,288) | (1) | – | (2,343) | (100) | (1,217) | (10) | – | (1,327) | PDF p. 110PDF p. 111 |
| Results | |||||||||||
| Segment profit/(loss)S$’000 | 331 | (28,130) | 1,473 | – | (26,326) | 2,757 | (3,242) | 1,925 | – | 1,440 | PDF p. 110PDF p. 111 |
| Interest incomeS$’000 | 73 | – | 10 | – | 83 | 126 | 2 | 627 | – | 755 | PDF p. 110PDF p. 111 |
| Depreciation of property, plant and equipmentS$’000 | (1,265) | (31) | (4) | – | (1,300) | (1,206) | (21) | (1) | – | (1,228) | PDF p. 110PDF p. 111 |
| Assets | |||||||||||
| Segment assetsS$’000 | 12,240 | 73,302 | 17,236 | – | 102,778 | 11,748 | 100,562 | 5,917 | – | 118,227 | PDF p. 110PDF p. 111 |
| Additions to | |||||||||||
| – Property, plant and equipmentS$’000 | 2,018 | 1 | 1,185 | – | 3,204 | PDF p. 110 | |||||
| – Intangible assetsS$’000 | – | – | 5 | – | 5 | PDF p. 110 | |||||
| Liabilities | |||||||||||
| Segment liabilitiesS$’000 | 3,034 | 50,369 | 6,333 | – | 59,736 | 3,261 | 51,605 | 2,867 | – | 57,733 | PDF p. 110PDF p. 111 |
| Results | |||||||||||
| Share of loss of associated companiesS$’000 | – | (504) | (24) | – | (528) | PDF p. 111 | |||||
| Fair value loss on investment propertiesS$’000 | – | (2,751) | – | – | (2,751) | PDF p. 111 | |||||
| Additions to | |||||||||||
| - Property, plant and equipmentS$’000 | 156 | 10 | – | – | 166 | PDF p. 111 | |||||
| - Investment propertiesS$’000 | – | 124 | – | – | 124 | PDF p. 111 | |||||
Segment performance is evaluated based on operating profit or loss; income taxes are managed on a group basis and not allocated to segments.
A – Inter-segment revenues are eliminated on consolidation (footnote printed on the 2024 table, page 111).
Notes: A – Inter-segment revenues are eliminated on consolidation.
| Item / unit | 2025Revenue | 2024Revenue | 2025Non-current assets | 2024Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| SingaporeS$’000 | 14,237 | 15,667 | 2,636 | 1,988 | PDF p. 112 |
| PRCS$’000 | 2,019 | 1,913 | 72,633 | 98,122 | PDF p. 112 |
| OthersS$’000 | 66 | 50 | - | - | PDF p. 112 |
| TotalS$’000 | 16,322 | 17,630 | 75,269 | 100,110 | PDF p. 112 |
Total row has no printed label.
Non-current assets information presented above consist of property, plant and equipment, intangible assets, and investment properties as presented on the statement of financial position.
Revenue of the Group is mainly derived from provision of food and beverage which operates in Singapore and properties operation in PRC.
Debt
| Item / unit | 2025Group S$'000 | 2024Group S$'000 | 2025Company S$'000 | 2024Company S$'000 | Source |
|---|---|---|---|---|---|
| Current | |||||
| Bank borrowingsS$'000 | 3,856 | 4,446 | – | 161 | PDF p. 89 |
| Loan from a third party (1)S$'000 | 1,273 | 1,296 | – | – | PDF p. 89 |
| Loan from a related party (2)S$'000 | – | 922 | – | – | PDF p. 89 |
| Lease liabilitiesS$'000 | 484 | 950 | – | – | PDF p. 89 |
| Non-current | |||||
| Bank borrowingsS$'000 | 15,721 | 19,937 | – | – | PDF p. 89 |
| Loan from a related party (2)S$'000 | 933 | – | – | – | PDF p. 89 |
| Loan from immediate and ultimate holding corporation (3)S$'000 | 23,355 | 20,482 | – | – | PDF p. 89 |
| Lease liabilitiesS$'000 | 544 | 247 | – | – | PDF p. 89 |
| Total | |||||
| Total borrowingsS$'000 | 46,166 | 48,280 | – | 161 | PDF p. 89 |
(1) The loan from third party is secured by the Group’s investment properties (Note 21), bears interest rate at 5% per annum and was due on 31 December 2024. The Group made early settlement of the loan principal amount of S$20,195,000 on 4 September 2024. As at 31 December 2025, the remaining outstanding amount of S$1,273,000 (2024: S$1,296,000) pertained to interest payable. The Group is in the process of negotiating a waiver or extension of payment terms for the outstanding interest at the date of authorisation of these financial statements.
(2) The loan from a related party is unsecured, bears interest rate at 5% per annum. The loan was initially repayable on 31 December 2024 and has been extended to 31 December 2027. Accordingly, the outstanding balance has been reclassified from current liabilities to non-current liabilities during the financial year ended 31 December 2025.
(3) The loan from immediate and ultimate holding corporation is unsecured, bears interest rate at 5% per annum and will be repayable in full by 19 September 2032.
Security: Bank borrowings include secured liabilities of S$19,577,000 (2024: S$24,383,000) for the Group; secured over deposits (Note 14), investment properties (Note 21), all income from the investment properties and corporate guarantee from the Company (Note 31), a related party and immediate and ultimate holding corporation.
Undrawn facilities expiring beyond one year: Group 42,813 (2024: 45,638); Company 10,000 (2024: 10,000), S$'000, granted by the immediate and ultimate holding corporation.
| Item / unit | 2025Group borrowing rates % | 2024Group borrowing rates % | 2025Group fair value S$'000 | 2024Group fair value S$'000 | Source |
|---|---|---|---|---|---|
| Fair value of non-current borrowings | |||||
| Bank borrowings% (rates); S$'000 (fair value) | 3.05 | 4.28 | 15,118 | 17,790 | PDF p. 90 |
| Loan from a related party% (rates); S$'000 (fair value) | 3.05 | – | 906 | – | PDF p. 90 |
| Loan from immediate and ultimate holding corporation% (rates); S$'000 (fair value) | 3.05 | 4.28 | 25,117 | 20,424 | PDF p. 90 |
Fair value determined from cash flow analysis, discounted at market borrowing rate of an equivalent instrument at the reporting date which the directors expect to be available to the Group. Borrowing rates are discount rates used for fair value, not contractual rates.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6: Dividend policy | The Company currently does not have a dividend policy. The form, frequency and amount of dividend declared each year will take into consideration the Group’s profit growth, cash position, positive cash flows generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate. | Company, FY2025 | PDF p. 147 |
Extracted from PAVILLON HOLDINGS LTD. ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | CLA Global TS Public Accounting Corporation | Group | PDF p. 25 |
| Engagement director | Teh Yeu Horng | Group | PDF p. 25 |
| Unmodified opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 of Singapore (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”s) so as to give a true and fair view | Group and Company · As at 2025-12-31 | PDF p. 21 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Valuation of investment properties | We focused on this area as a key audit matter as the determination of the fair value of investment properties are highly dependent on a range of assumptions and estimates | Group · As at 2025-12-31 | PDF p. 22 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern assumptions | the Board of Directors has assessed that the use of going concern basis of preparation of this set of financial statements remains appropriate | Group and Company | PDF p. 36 |
Extracted from PAVILLON HOLDINGS LTD. ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow PAVILLON HOLDINGS LTD. ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.