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)
Summarised statement of comprehensive income
KMR Group
2014
2013
$’000
$’000
Revenue
14,970
115,063
Depreciation and amortisation expenses
(3)
(63,045)
Interest income
76
42
Finance costs
(34)
(27)
Loss before tax
(5,112)
(26,755)
Income tax expense
(181)
(1,822)
Loss after tax
(5,293)
(28,577)
Other comprehensive income
9,981
(18,364)
Total comprehensive income
4,688
(46,941)
Dividend received from the joint venture during the year
11,379
6,693
Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interest
in joint venture
KMR Group
2014
2013
$’000
$’000
Net assets at 31 December
67,027
109,449
Interest in joint venture
30%
30%
20,108
32,835
Cumulative impairment and exchange adjustment
(1,816)
(231)
Carrying value of Group’s interest in joint venture
18,292
32,604
114
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
