ASSETS HELD FOR SALE Assets classified as held for sale consist of: the assets and liabilities of Media Niugini Ltd. a parcel of land held by Merchant Finance & Investment Company Limited. The Reserve Bank of Fiji has provided Merchant Finance & Investment Company Limited until 13 November 2015 to...
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PROPERTY, PLANT AND EQUIPMENT
(c). The depreciation and amortisation policy is set out in Note 2.9. (d). The island property in Nanuya Lailai Island – Yasawa, was revalued by the Directors of Blue Lagoon Cruises Limited based on an independent valuation by Pacific Valuations Limited dated 24 June 2013. The valuation was made on...
Discontinued Operations
In December 2013, the Group ceased operations of its wholly owned subsidiary, FHL Logistics Limited. The subsidiary was classified as a discontinued operation from the 2014 financial year and this continued into the 2015 financial year. On 5th February 2015, Fiji Television Limited announced that it had signed a sale...