6. Investment in subsidiaries (cont’d)
b.
Interest in subsidiaries with material non-controlling interest (NCI)
The Group has the following subsidiaries that have NCI that are material to the Group:
Name of jointly-
controlled entities
Place of
incorporation
and business
Proportion
(%) of
ownership
held by non-
controlling
interest
Profit/(loss)
allocated to
NCI during
the reporting
period
Accumulated
NCI at the
end of
reporting
period
%
$’000
$’000
30 June 2015
ASL Triaksa Offshore
Pte. Ltd.
Singapore
40
(3)
1,991
Hongda Investment
Pte. Ltd.
Singapore
40
(879)
(1,075)
PT. Cipta Nusantara
Abadi
Indonesia
25
1,031
3,583
30 June 2014
ASL Triaksa Offshore
Pte. Ltd.
Singapore
40
10
1,848
Hongda Investment
Pte. Ltd.
Singapore
40
(2,460)
(157)
PT. Cipta Nusantara
Abadi
Indonesia
25
1,118
2,426
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
114
