80
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
17.
Investment in joint venture
Group
2014
2013
$’000
$’000
Equity investment at cost
Beginning and end of financial year
881
881
Name of company
Principal activities
Country of
business/
incorporation
Effective
equity holding
2014
%
2013
%
Towell Top Great Engineering Services
LLC
(a)
Inactive
Sultanate
of Oman
50
50
(a)
Audited by HC Shah & Co, Sultanate of Oman.
The joint venture is regarded by the Directors as not material to the Group.
