100
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
Summarised financial information in respect of the Group’s associates are as follows:
2013
2012
$’000
$’000
Total assets
1,863,296 1,370,812
Total liabilities
(1,530,277) (1,077,961)
Net assets
333,019
292,851
Group’s share of associates’ net assets
90,637
74,627
Revenue
194,985
136,980
Profit for the year
38,670
9,618
Group’s share of associates’ profits for the year
15,560
3,488
The Group’s share of results of certain associates has been recognised to the extent of the carrying amount of
the investments as there is no obligation to contribute to any losses in excess of the amount of investment. The
accumulated unrecognised share of losses amounted to approximately $231,000 (2012 : $231,000).
11. ASSOCIATES (cont’d)
(a) Jointly controlled entity
12. JOINTLY CONTROLLED ENTITY
2013
2012
$’000
$’000
Unquoted equity shares at cost
-
600
Share of post-acquisition accumulated losses
-
(600)
Net
-
-
GROUP
