7. Investment in joint ventures and associates (cont’d)
The summarised financial information in respect of PT. Hafar Capitol Nusantara and PT.
Capitol Nusantara Indonesia, based on its FRS financial statements and a reconciliation
with the carrying amount of the investment in the consolidated financial statements are
as follows:
Summarised balance sheet
PT. Hafar Capitol
PT. Capitol
Nusantara Nusantara Indonesia
2015 2014 2015 2014
$’000 $’000 $’000 $’000
Current assets
18,364 10,077 21,652 21,846
Non-current assets
47,044 29,787 87,838 90,500
Total assets
65,408 39,864 109,490 112,346
Current liabilities
14,984 5,839 75,348 64,381
Non-current liabilities
29,373 21,764 20,141 28,397
Total liabilities
44,357 27,603 95,489 92,778
Net assets
21,051 12,261 14,001 19,568
Proportion of the Group’s ownership
49% 49% 36% 36%
Group’s share of net assets
10,315 6,008
5,040
7,044
Other adjustments
–
–
(108)
(108)
Carrying amount of the investment
10,315 6,008
4,932
6,936
Summarised statement of comprehensive income
PT. Hafar Capitol
PT. Capitol
Nusantara Nusantara Indonesia
2015 2014 2015 2014
$’000 $’000 $’000 $’000
Revenue
13,737 12,426 13,309 22,476
Cost of sales
(4,812)
(3,061)
(17,036)
(18,452)
Gross profit
8,925 9,365 (3,727)
4,024
Other operating income
155
25
307
409
Administrative expenses
(629)
(85)
(2,035)
(1,388)
Other operating expenses
–
–
–
(878)
Finance costs
(642)
(496)
(844)
(1,279)
Profit/(loss) before tax
7,809 8,809 (6,299)
888
Income tax expenses
(226)
(179)
(588)
(298)
Profit/(loss) after tax
7,583 8,630 (6,887)
590
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
120
