Download Live Better Through Sports - Sport Singapore PDF

TitleLive Better Through Sports - Sport Singapore
LanguageEnglish
File Size5.5 MB
Total Pages117
Document Text Contents
Page 1

Live Better
Through Sports

ANNUAL REPORT 2012/2013

Page 2

Purpose

To inspire the Singapore Spirit and to transform
Singapore through Sports

Vision 2030

We envision a Singapore where individuals and
communities are strengthened through a lifetime of
sporting experiences. Sport becomes a journey and
celebration of Singapore’s people and places, uniting
the nation, and inspiring the Singapore Spirit.

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SINGAPORE SPORTS COUNCIL ANNUAL REPORT 2012/2013 56

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EVENT HIGHlIGHTS

Singaporeans warm up to ice skating

Never mind our hot tropical climate –
Singaporeans have warmly embraced
ice skating at Singapore’s first and only
Olympic-size ice skating rink. Located
at Jurong East’s JCube, The Rink, a
60-by-30m facility with a 460-seat
gallery, hosts various types of winter
sports, such as recreational skating,
figure skating, speed skating and
ice hockey.

The Rink is a non-profit facility developed by SSC
under the Community/Sports Facilities Scheme
(CSFS), which encourages the location of community
or sports facilities in commercial developments.
Managed by CapitaLand Retail Management, it is an
excellent example of a facility located near homes
and workplaces, which Singaporeans can easily
access to engage in sport.

Deputy Prime Minister Tharman Shanmugaratnam,
together with Members of Parliament for Jurong GRC
and Yuhua SMC, as well as Government Parliamentary
Committee Members for Community Development,

Youth and Sports, Mr Vikram Nair and Mr Alex Yam, took part in an ice hockey
shoot-out at The Rink’s official opening on 12 August 2012.

The Rink also offers the national
Learn-to-Skate programme, to help
participants, both young and old,
pick up basic to advanced ice skating
skills. Learn-to-Skate is developed with
Singapore Ice Skating Association and
Singapore Ice Hockey Association.

SSC File Photo

SSC File Photo

SSC File Photo

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SINGAPORE SPORTS COUNCIL ANNUAL REPORT 2012/2013 57

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Community bonds through
inaugural National Games

The Singapore National Games (SNG),
the nation’s new biennial multi-sports
festival, was inaugurated in 2012. From
1 to 9 September, community teams
made up of Singapore residents pitted
their skills in 10 sports – from athletics
and dragon boating to netball and
sepak takraw – while their families, friends and neighbours cheered on.

The community teams were the qualifying teams from the Community Games,
held earlier in the year, which saw over 1,000 teams participating. SNG
competitions were held in various venues, such as SSC’s Sports and Recreation
Centres, community clubs, schools, the Bedok Reservoir and the Singapore
Sports School.

EVENT HIGHlIGHTS

SSC File Photo

Photo by Haruhiko Otsuka

Page 116

114

Notes to Financial Statements
31 March 2013

34. Operating lease arrangements (cont’d)

The Council and the Group as lessor

The Council and the Group rents out its office space, food and beverage outlets, carparks and golf courses, located
at various sports and swimming complexes, sports halls and centres, stadiums and golf courses to third parties
under operating leases.

All of the properties leased have committed tenants for the next 1 to 20 years.

At the end of the reporting period, the Council and the Group have contracted with tenants for the following future
minimum lease payments:

The Council The Group

2013 2012 2013 2012

$’000 $’000 $’000 $’000

Within one year 7,081 6,147 7,081 6,147

In the second to fifth years inclusive 5,413 6,180 5,413 6,180

After five years 753 875 753 875

13,247 13,202 13,247 13,202

35. Comparative figures

Certain comparatives in the financial statements have been re-classified from the previous year as follows:

The Council and
The Group

As reported in
current year

2012

Previously
reported

2012

$’000 $’000

Statement of Financial Position

Derivative financial instruments – Current 653 11,513

Derivative financial instruments – Non-current 10,860 –

11,513 11,513

The financial statements for the financial year ended 31 March 2012 were audited by another firm of Certified

Public Accountants.

36. Authorisation of financial statements for issue

The financial statements for the year ended 31 March 2013 were authorised for issue by the members of the
Council on 28 June 2013.

Page 117

SINGAPORE SPORTS COUNCIL ANNUAL REPORT 2012/2013 115

Singapore Sports Council
230 Stadium Boulevard Singapore 397799

Tel: (+65) 6500 5000
Fax: (+65) 6440 9205

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