Quote:Interesting aside: Total MAS assets rose by S$21.21 billion - TopicsExpress



          

Quote:Interesting aside: Total MAS assets rose by S$21.21 billion to S$340.405 billion, while current capital and reserves declined to S$24.539 billion, giving total liabilities of S$315,866 billion. Accounting 101 says gearing ratio is debt (total liabilities) divided by equity (capital and reserves). Look, someone else is also highly leveraged. It looks like the new chairman of Tesmasek Holdings, Lim Boon Heng, may have to stock up on those Kleenex tissues. Temasek and MAS are supposed to be separate entities with distinct roles and mandates, and distinct management teams, but the incestuous links are harder to define.
Posted on: Wed, 24 Jul 2013 07:43:25 +0000

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