NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
24 NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (CONT’D)
e.
The discontinued operations disclosure below includes results of PT MSC Indonesia (“PT MSCI”) and its comparatives
of which the sale was completed on 2 June 2014. The effects of sale relating to this subsidiary are in note 17.
Income statement disclosures
The results of the discontinued operations for the years ended 31 December are as follows:
Group
2014
2013
(restated)
$’000
$’000
Revenue
Hotel revenue
–
125,881
Tin mining revenue
–
16,351
–
142,232
Other items of income
Interest income
–
33
Other income
140
8,375
140
150,640
Other items of expense
Employee benefits expense
(75)
(50,167)
Depreciation expense (note 14)
(32)
(10,908)
Cost of tin mining
–
(14,581)
Finance costs
–
(3,185)
Other expenses
(7,737)
(86,968)
Total expenses
(7,844)
(165,809)
Loss before tax from discontinued operations
(7,704)
(15,169)
Income tax expense
–
(7,572)
Loss after tax from discontinued operations
(7,704)
(22,741)
Cash flow statement disclosures
The cash flows attributable to the discontinued operations for the years ended 31 December are as follows:
Group
2014
2013
$’000
$’000
Operating cash inflows
202
50,595
Investing cash inflows
–
337,282
Financing cash outflows
–
(27,403)
Net cash inflows
202
360,474
125
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
