7. Investment in joint ventures and associates (cont’d)
Details of the joint ventures are as follows:
Name of joint ventures
Principal
activities
Place of
incorporation
and business
Proportion (%) of
ownership interest
2015
%
2014
%
Held through subsidiaries
HKR-ASL Joint Venture
Limited
2, (a)
Chartering of
vessels
Hong Kong
50
50
Sindo-Econ Pte. Ltd.
1
Investment
holding
Singapore
50
50
PT. Sindomas Precas
3
Manufacture
of reinforced
concrete
piles and
precast
components
Indonesia
50
50
1
Audited by Ernst and Young LLP, Singapore
2
Audited by other firms of auditors
3
Not required to be audited
(a)
The company is dormant during the financial year
Aggregate information about the Group’s investments in joint ventures that are not
individually material are as follows:
2015 2014
$’000 $’000
Profit/(loss) after tax
92
(10)
Other comprehensive income
4
(1)
Total comprehensive income
96
(11)
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
117
