notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
10 INVESTMENT IN JOINT VENTURES (CONTINUED)
The following table summarises the information of the Group’s material joint ventures and reconciles the information to the carrying amount of the Group’s interest in
the joint ventures (continued):
Group
Bayou
Wasco
Insulation, LLC
Boustead
Wah Seong
Sdn. Bhd.
Other individually
immaterial
joint ventures
Total
RM'000
RM'000
RM'000
RM'000
2013
Summarised financial information
As at 31 December
Non-current assets
71,986
61,604
Current assets
376
5,066
Cash and cash equivalents
2,821
5,338
Non-current liabilities
-
(8,844)
Current liabilities
(58,620)
(15,408)
Current financial liabilities (excluding trade
and other payables and provisions)
-
(1,106)
Financial year ended 31 December
Net loss or profit
(5,053)
1,303
Other comprehensive (expense)/income
(139)
2,464
Total comprehensive (expense)/income
(5,192)
3,767
Included in the total comprehensive (expense)/ income are:
Revenue
-
8,667
Depreciation and amortisation
(354)
(2,517)
Interest expense
(866)
-
113
Wah Seong Corporation Berhad • Annual Report 2014
