NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
109
ANNUAL REPORT 2015
19.
ASSOCIATES AND JOINT VENTURES (CONT’D)
19.2 JOINT VENTURES (CONT’D)
(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
2015
2014
$’000
$’000
Cash and cash equivalents
11,638
12,970
Other current assets
52,670
52,353
Current assets
64,308
65,323
Non-current assets
8,900
9,183
Total assets
73,208
74,506
Current liabilities (excluding trade, other payables and provisions)
–
206
Trade, other payables and provisions
1,141
3,225
1,141
3,431
Non-current liabilities (excluding trade, other payables and provisions)
31
5
Other non-current liabilities
794
4,043
Total non-current liabilities
825
4,048
Total liabilities
1,966
7,479
Net assets
71,242
67,027
Summarised statement of comprehensive income
KMR Group
2015
2014
$’000
$’000
Revenue
11
14,970
Depreciation and amortisation expenses
(5)
(3)
Interest income
49
76
Finance costs
–
(34)
Loss before tax
(306)
(5,112)
Income tax expense
–
(181)
Loss after tax
(306)
(5,293)
Other comprehensive income
14,296
9,981
Total comprehensive income
13,990
4,688
Dividend received from the joint venture during the year
–
11,379
