NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
107
ANNUAL REPORT 2015
19.
ASSOCIATES AND JOINT VENTURES (CONT’D)
19.1 ASSOCIATES (CONT’D)
Summarised statements of comprehensive income
ARA
FEHH GTOF
H3
$’000
$’000
$’000
$’000
2015
Revenue
156,027 149,285
1,523
18,696
Profit after tax
81,353
8,235
4,752
23,874
Other comprehensive income
(7,425)
15,366
– (16,636)
Total comprehensive income
73,928
23,601
4,752
7,238
Dividend received from the associate during the year
8,495
–
–
1,423
2014
Revenue
173,058 164,583
–
–
Profit/(loss) after tax
90,730
(881)
–
–
Other comprehensive income
20,132
8,298
–
–
Total comprehensive income
110,862
7,417
–
–
Dividend received from the associate during the year
8,495
–
–
–
Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interest
in associates:
ARA
FEHH GTOF
H3
$’000
$’000
$’000
$’000
Net assets at 31 December 2015
520,313
62,493
36,482 179,124
Interest in associates
20.1%
30% 47.5%
40%
Group’s share of net assets
104,583
18,748
17,329
71,650
Goodwill on acquisition
127,232
–
–
–
Intangible assets
107,258
10,534
–
–
Other adjustments
323
–
–
–
Carrying value of Group’s interest in associates
339,396
29,282
17,329
71,650
Net assets at 31 December 2014
341,354
38,890
–
–
Interest in associates
20.1%
30%
–
–
Group’s share of net assets
68,612
11,667
–
–
Goodwill on acquisition
127,232
–
–
–
Intangible assets
109,198
10,546
–
–
Carrying value of Group’s interest in associates
305,042
22,213
–
–
