79
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
16.
Investments in subsidiaries
(continued)
Summarised financial information of subsidiary with material non-controlling interests
Set out below are the summerised financial information for the subsidiary that has non-controlling
interests that are material to the Group. These are presented before inter-company eliminations.
There were no transaction with non-controlling interests for the financial years ended 31 December
2014 and 2013.
Summarised Balance Sheet
Vac-Tech
2014
2013
$’000
$’000
Current
Assets
9,448
5,268
Liabilities
(7,926)
(4,697)
Total current net assets
1,522
571
Non-current
Assets
11,739
9,078
Liabilities
(3,683)
(2,536)
Total non-current net assets
8,056
6,542
Net assets
9,578
7,113
Summarised Income Statement
Vac-Tech
2014
2013
$’000
$’000
Revenue
14,486
8,843
Profit before income tax
2,744
1,137
Income tax expense
(279)
(49)
Total comprehensive income, representing net profit
2,465
1,088
Total comprehensive income allocated to non-controlling interests
739
315
Summarised Cash Flows
Vac-Tech
2014
2013
$’000
$’000
Cash flows from operating activities
Cash generated from operations
2,917
2,543
Income tax refunded
–
101
Net cash generated from operating activities
2,917
2,644
Net cash used in investing activities
(1,114)
(1,785)
Net cash used in financing activities
(1,150)
(830)
Net increase in cash and cash equivalents
653
29
Cash and cash equivalents at beginning of year
1,776
1,747
Cash and cash equivalents at end of year
2,429
1,776
