NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
106
THE STRAITS TRADING COMPANY LIMITED
19.
ASSOCIATES AND JOINT VENTURES (CONT’D)
19.1 ASSOCIATES (CONT’D)
(h)
The summarised financial information in respect of ARA Asset Management Limited (“ARA”), Far East Hospitality
Holdings Pte. Ltd. (“FEHH”), Greater Tokyo Office Fund (Jersey) L.P. (“GTOF”) and ARA Harmony Fund III, L.P.
(“H3”), 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 GTOF
H3
$’000
$’000
$’000
$’000
2015
Current assets
158,078
61,614 10,654 33,243
Non-current assets
423,015 575,269
95,831 584,007
Total assets
581,093 636,883 106,485 617,250
Current liabilities
(37,420)
(297,567)
(11,269)
(105,363)
Non-current liabilities
(16,065)
(276,823)
(58,734)
(332,763)
Total liabilities
(53,485)
(574,390)
(70,003)
(438,126)
Net assets
527,608
62,493
36,482 179,124
Non-controlling interest
(7,295)
–
–
–
520,313
62,493
36,482 179,124
ARA
FEHH
$’000
$’000
2014
Current assets
146,351
61,638
Non-current assets
281,285 584,566
Total assets
427,636 646,204
Current liabilities
(78,023)
(324,427)
Non-current liabilities
(1,479)
(282,887)
Total liabilities
(79,502)
(607,314)
Net assets
348,134
38,890
Non-controlling interest
(6,780)
–
341,354
38,890
