notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
8 INVESTMENT IN SUBSIDIARIES (CONTINUED)
Non-controlling interests in subsidiaries (continued)
The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows (continued):
Group
Mackenzie
Industries
Sdn. Bhd.
Atama
Resources
Inc.
Group
Wasco
Coatings
Malaysia
Sdn. Bhd.
Petro-Pipe
(Sabah)
Sdn. Bhd.
Other
individually
immaterial
subsidiaries
Total
RM'000
RM'000
RM'000
RM'000
RM'000
RM'000
2013
NCI percentage of ownership interest and
voting interest
40%
49%
30%
40%
Carrying amount of NCI
9,798
67,633
75,011
10,749
9,148
172,339
Total comprehensive income/(expense)
allocated to NCI
3,632
(3,286)
8,884
(5,684)
1,539
5,085
Summarised financial information
before intra-group elimination
As at 31 December
Non-current assets
3,469
159,628
60,930
110,053
Current assets
64,774
15,367
478,089
22,892
Current liabilities
(43,749)
(36,965)
(288,980)
(106,076)
Net assets
24,494
138,030
250,039
26,869
Financial year ended 31 December
Revenue
87,439
-
250,060
51,536
Net profit or loss
9,081
(16,954)
29,918
(14,211)
Other comprehensive income
-
10,248
-
-
Total comprehensive income/(expense)
9,081
(6,706)
29,918
(14,211)
104
Wah Seong Corporation Berhad • Annual Report 2014
