NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
102
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
14.
INVESTMENTS IN SUBSIDIARIES (cont’d)
(b) Interest in subsidiary with material non-controlling interest (NCI) (cont’d)
Summarised balance sheet
Van der Horst (Shanghai)
Logistics Co., Ltd
As at May
2015
As at May
2014
$’000
$’000
Current
Assets
551
358
Liabilities
(2,142)
(1,682)
Net current liabilities
(1,591)
(1,324)
Non-current
Assets
19,537
18,438
Liabilities
(6,373)
(6,687)
Net non-current assets
13,164
11,751
Net assets
11,573
10,427
Summarised statement of comprehensive income
Van der Horst (Shanghai)
Logistics Co., Ltd
2015
2014
$’000
$’000
Revenue
1,336
486
Profit/(loss) before income tax expense
279
(267)
Income tax expense
–
(5)
Profit/(loss) after tax
279
(272)
Other comprehensive income
867
891
Total comprehensive income
1,146
619
