NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
18 ASSOCIATES AND JOINT VENTURES (CONT’D)
18.1 ASSOCIATES (CONT’D)
(f)
Movements in the allowance accounts:
Group
2014
2013
$’000
$’000
At 1 January
(5,393)
(5,393)
Reversal of impairment for the year (note 8)
410
–
At 31 December
(4,983)
(5,393)
(g)
Aggregate information about the Group’s associates that are not individually material are as follows:
Group
2014
2013
$’000
$’000
Profit/(Loss) after tax
788
(6,073)
Other comprehensive income
–
4,197
Total comprehensive income
788
(1,876)
(h)
The summarised financial information in respect of ARA Asset Management Limited (“ARA”) and Far East Hospitality
Holdings Pte. Ltd. (“FEHH”), based on their financial statements and a reconciliation with the carrying amount of
the investment in the consolidated financial statements are as follows:
Summarised balance sheets
ARA
FEHH
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Current assets
146,351
122,473
61,638
79,255
Non-current assets
281,285
223,253
584,566
506,743
Total assets
427,636
345,726
646,204
585,998
Current liabilities
(63,374)
(66,730)
(324,427)
(272,284)
Non-current liabilities
(16,128)
(209)
(282,887)
(282,238)
Total liabilities
(79,502)
(66,939)
(607,314)
(554,522)
Net assets
348,134
278,787
38,890
31,476
Non-controlling interest
(6,780)
(2,827)
–
–
341,354
275,960
38,890
31,476
110
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
