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 (continued)
Reconciliation of net assets to carrying amount
As at 31 December
Group’s share of net assets
8,116
12,922
17,505
38,543
Goodwill
-
-
1,008
1,008
Less: Elimination of unrealised profits
(5,286)
-
-
(5,286)
Carrying amount in statement of financial position
2,830
12,922
18,513
34,265
Group’s share of results
Financial year ended 31 December
Group’s share of profit or loss
(2,476)
652
(1,178)
(3,002)
Group’s share of other comprehensive (expense)/income
(70)
1,232
93
1,255
Group’s share of total comprehensive (expense)/income
(2,546)
1,884
(1,085)
(1,747)
Dividend received
-
-
2,147
2,147
11 AVAILABLE-FOR-SALE FINANCIAL ASSETS
Unquoted shares
in Malaysia
Quoted shares
in Malaysia
Total
RM’000
RM’000
RM’000
Group
2014
At cost
1,050
-
1,050
At fair value
-
13
13
1,050
13
1,063
Market value of quoted investments
-
13
13
114
Wah Seong Corporation Berhad • Annual Report 2014
