7. Investment in joint ventures and associates
Group
Company
2015 2014 2015 2014
$’000 $’000 $’000 $’000
Interest in joint ventures
Unquoted equity shares,
at cost
997
997
–
–
Share of post-acquisition reserves
2,034
(392)
–
–
Exchange differences
(170)
(174)
–
–
2,861
431
–
–
Interest in associates
Unquoted equity shares,
at cost
9,231 9,231
1,558
1,558
Share of post-acquisition
reserves
5,528 4,291
–
–
Impairment loss
–
–
(1,558)
(1,558)
Exchange differences
488
(578)
–
–
15,247 12,944
–
–
Total interest in joint ventures
and associates
18,108 13,375
–
–
Investment in joint ventures
The Group’s material investments in joint ventures are as follows:
Group
2015 2014
$’000 $’000
Sindo-Econ Pte. Ltd. and its subsidiary
2,716
382
Other joint ventures
145
49
2,861
431
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
116
