notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
8 INVESTMENT IN SUBSIDIARIES (CONTINUED)
Non-controlling interests in subsidiaries (continued)
The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows (continued):
Group
Mackenzie
Industries
Sdn. Bhd.
Atama
Resources
Inc.
Group
Wasco
Coatings
Malaysia
Sdn. Bhd.
Petro-Pipe
(Sabah)
Sdn. Bhd.
RM'000
RM'000
RM'000
RM'000
2014 (continued)
Summarised financial information
before intra-group elimination
As at 31 December
Non-current assets
4,111
154,013
56,896
101,775
Non-current liabilities
-
(17,515)
-
-
Current assets
107,807
11,253
542,533
40,341
Current liabilities
(81,875)
(13,923)
(239,759)
(131,087)
Net assets
30,043
133,828
359,670
11,029
Financial year ended 31 December
Revenue
113,429
-
519,547
36,098
Net profit or loss
9,182
(19,653)
120,648
(16,879)
Other comprehensive loss
-
(8,751)
(21,533)
(537)
Total comprehensive income/(expense)
9,182
(28,404)
99,115
(17,416)
Cash flows used in operating activities
(2,218)
(4,455)
(8,237)
(11,566)
Cash flows from/(used in) investing activities
11,496
(2,262)
(20,562)
(1,240)
Cash flows (used in)/from financing activities
(6,911)
6,290
(37,133)
20,905
Net change in cash and cash equivalents
2,367
(427)
(65,932)
8,099
Dividends paid/payable to NCI
1,453
-
3,827
-
103
Wah Seong Corporation Berhad • Annual Report 2014
