NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
107
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
16.
INVESTMENT IN JOINT VENTURE (cont’d)
Summarised balance sheet
Group
2015
2014
$’000
$’000
Current assets
–
–
Non-current assets
9,026
8,406
Total assets
9,026
8,406
Current liabilities
4
2
Non-current liabilities
–
–
Total liabilities
4
2
Net assets
9,022
8,404
Net assets excluding goodwill
9,022
8,404
Proportion of the Group’s ownership
50%
50%
Group’s share of net assets
4,511
4,202
Carrying amount of the investment
4,511
4,202
Summarised statement of comprehensive income
Group
2015
2014
$’000
$’000
Revenue
–
–
Operating expenses
(1)
(1)
Loss before tax
(1)
(1)
Income tax expense
–
–
Loss after tax
(1)
(1)
Other comprehensive income
–
–
Total comprehensive income
(1)
(1)
