NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
85
Datasonic Group Berhad
(Company No. 809759-X)
7.
INVESTMENT IN AN ASSOCIATE (CONT’D)
The details of the associate are as follows:-
Name of Subsidiary
Country of
Incorporation
Effective Equity
Interest
Principal Activities
31.3.2015 31.12.2013
Electric Vehicle
Automotive (M) Sdn. Bhd.
(“EVAM”)
Malaysia
30%
–
Dormant.
(a) The share of results in the associate is based on the unaudited financial statements for the period
ended 31 March 2015.
(b) The summarised unaudited financial information for the associate, EVAM that is immaterial to
the Group is as follows:-
31.3.2015
RM’000
Financial period ended 31 March
Group’s share of loss for the financial period
(90)
(c) The Group has not recognised losses relating to EVAM, where its share of losses exceeds the
Group’s cost of investment in this associate. The Group’s cumulative share of unrecognised
losses at the end of the financial period was RM6,000, of which the entire amount was the share
of the current financial period’s losses. The Group has no obligation in respect of these losses.
8.
OTHER INVESTMENT
Group
31.3.2015
31.12.2013
RM’000
RM’000
Investment in club membership, at fair value
110
110
This investment is designated as available-for-sale financial asset and is measured at fair value.
