NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
101
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
14.
INVESTMENTS IN SUBSIDIARIES (cont’d)
(b) Interest in subsidiary with material non-controlling interest (NCI)
The Group has the following subsidiary that has NCI that is material to the Group.
Name of Subsidiary
Principal
place of
business
Proportion of
ownership
interest held
by non-
controlling
interest
Profit/(loss)
allocated to
NCI during
the reporting
period
Accumulated
NCI at the
end of
reporting
period
Dividends
paid to NCI
$’000
$’000
$’000
31 May 2015:
Van der Horst (Shanghai)
Logistics Co., Ltd.
People’s
Republic of
China
35%
97
4,051
–
31 May 2014:
Van der Horst (Shanghai)
Logistics Co., Ltd.
People’s
Republic of
China
35%
(95)
3,650
–
Summarised financial information about subsidiary with material NCI
Summarised financial information including consolidation adjustments but before intercompany
eliminations of the subsidiary with material non-controlling interests are as follows:
