12.
INVESTMENT IN SUBSIDIARIES (CONTINUED)
(c)
Summarised financial information about subsidiaries with material NCI
Summarised financial information including goodwill on acquisition and consolidation
adjustments but before intercompany eliminations of subsidiaries with material non-controlling
interests are as follows:
Summarised balance sheets
Niho (Singapore)
Pte Ltd
Jin Heng Li Hardware
Sdn Bhd
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Current
Assets
79
872
1,288
2,752
Liabilities
(34)
(918)
(626)
(1,129)
Net current assets
45
(46)
662
1,623
Non-current
Assets
–
216
466
581
Liabilities
–
–
–
(15)
Net non-current assets
–
216
466
566
Net assets
45
170
1,128
2,189
Summarised statement of comprehensive income
Niho (Singapore)
Pte Ltd
Jin Heng Li Hardware
Sdn Bhd
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Revenue
–
2,448
–
–
Loss before income tax
(125)
(933)
(831)
(736)
Income tax credit
–
–
–
65
Loss after tax – continuing
operations
(125)
(933)
(831)
(671)
Other comprehensive income
–
–
–
–
Total comprehensive income
(125)
(933)
(831)
(671)
Other summarised
information
Net cashflows (used in)/from
operations
(909)
1,037
444
1,466
88
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
