NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
18 ASSOCIATES AND JOINT VENTURES (CONT’D)
18.2 JOINT VENTURES (CONT’D)
(e)
Aggregate information about the Group’s joint ventures that are not individually material are as follows:
Group
2014
2013
$’000
$’000
Loss before tax
(228)
(400)
Income tax expense
–
(16)
Loss after tax
(228)
(416)
Other comprehensive income
–
–
Total comprehensive income
(228)
(416)
(f)
The summarised financial information in respect of KMR Group, based on its financial statements and a reconciliation
with the carrying amount of the investment in the consolidated financial statements are as follows:
Summarised balance sheet
KMR Group
2014
2013
$’000
$’000
Cash and cash equivalents
12,970
46,697
Other current assets
52,353
74,771
Current assets
65,323
121,468
Non-current assets
9,183
10,488
Total assets
74,506
131,956
Current liabilities (excluding trade, other payables and provisions)
206
1,346
Trade, other payables and provisions
3,225
7,596
3,431
8,942
Non-current liabilities (excluding trade, other payables and provisions)
5
4
Other non-current liabilities
4,043
13,561
Total non-current liabilities
4,048
13,565
Total liabilities
7,479
22,507
Net assets
67,027
109,449
113
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
