notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
10 INVESTMENT IN JOINT VENTURES (CONTINUED)
The following table summarises the information of the Group’s material joint ventures and reconciles the information to the carrying amount of the Group’s interest in
the joint ventures (continued):
Group
Alam-PE
Holdings
(L) Inc.
Bayou
Wasco
Insulation, LLC
Boustead
Wah Seong
Sdn. Bhd.
Other individually
immaterial
joint ventures
Total
RM'000
RM'000
RM'000
RM'000
RM'000
2014 (continued)
Reconciliation of net assets to
carrying amount
As at 31 December
Group’s share of net assets
104,561
3,793
12,892
13,618
134,864
Goodwill
12,400
-
-
1,072
13,472
Less: Elimination of unrealised profits
-
(5,422)
-
-
(5,422)
Reclassification to other payables
-
1,629
-
-
1,629
Less: Accumulated impairment loss
-
-
-
(7,794)
(7,794)
Carrying amount in statement of
financial position
116,961
-
12,892
6,896
136,749
Group’s share of results
Financial year ended 31 December
Group’s share of profit or loss
2,475
(4,517)
(1,235)
(3,630)
(6,907)
Group’s share of other comprehensive
(expense)/income
(164)
(209)
1,204
(2,862)
(2,031)
Group’s share of total comprehensive
income/(expense)
2,311
(4,726)
(31)
(6,492)
(8,938)
Dividend received
-
-
-
1,475
1,475
112
Wah Seong Corporation Berhad • Annual Report 2014
