NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
17 SUBSIDIARIES (CONT’D)
Summarised financial information about subsidiaries with material NCI
Summarised financial information including goodwill on acquisition and consolidation adjustments but before intercompany
eliminations of subsidiaries with material non-controlling interests are as follows:
Summarised balance sheets
Malaysia Smelting
Corporation Berhad
Straits Real Estate
Pte. Ltd.
As at 31
December
2014
As at 31
December
2013
As at 31
December
2014
As at 31
December
2013
$’000
$’000
$’000
$’000
Current
Assets
182,743
223,245
109,750
950
Liabilities
(163,957)
(227,801)
(260,987)
(11)
Net current assets/(liabilities)
18,786
(4,556)
(151,237)
939
Non-current
Assets
95,365
107,579
208,651
8
Liabilities
(6,481)
(13,987)
–
–
Net non-current assets
88,884
93,592
208,651
8
Net assets
107,670
89,036
57,414
947
Summarised statements of comprehensive income
Malaysia Smelting
Corporation Berhad
Straits Real Estate
Pte. Ltd.
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Revenue
743,364
628,875
–
–
Profit/(loss) before income tax
17,013
29,314
(3,933)
(3)
Income tax expense
(8,652)
(10,993)
(127)
–
Profit/(loss) after tax – continuing operations
8,361
18,321
(4,060)
(3)
Profit/(loss) after tax – discontinued operations
(7,704)
(16,622)
–
–
Other comprehensive income
10,241
(13,803)
13,978
–
Total comprehensive income
10,898
(12,104)
9,918
(3)
Other summarised information
Malaysia Smelting
Corporation Berhad
Straits Real Estate
Pte. Ltd.
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Net cash flows from/(used in) operations
8,334
22,680
(74,239)
–
Net cash flows from/(used in) investing activities
8,502
(6,837)
(191,550)
–
Net cash flows from/(used in) financing activities
(11,477)
(28,467)
300,489
950
105
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
