Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 135 8 INVESTMENT IN ASSOCIATES (CONTINUED) The following table summarises the information of the Group’s material associates and reconciles the information to the carrying amount of the Group’s interest in the associates. The information have been adjusted to reflect the equity method of accounting, including fair value adjustments: Group Petra Energy Berhad RM’000 Atama Resources Inc. RM’000 Evraz Wasco Pipe Protection Corporation RM’000 Other individually immaterial associates RM’000 Total RM’000 2017 Summarised financial information As at 31 December Non-current assets 436,181 - 150,139 Current assets 390,704 - 68,344 Non-current liabilities (91,863) - - Current liabilities (384,377) - (34,735) Net assets 350,645 - 183,748 Financial year ended 31 December Revenue 462,604 - 41,877 Net (loss)/profit (33,270) - 18,544 Other comprehensive expense (13,611) - - Total comprehensive (expense)/income (46,881) - 18,544 Reconciliation of net assets to carrying amount As at 31 December Group’s share of net assets 94,324 - 90,037 794 185,155 Goodwill - - - 68 68 Carrying amount in statement of financial position 94,324 - 90,037 862 185,223 Group’s share of results Financial year ended 31 December Group’s share of (loss)/profit (8,950) (5,043) 9,087 43 (4,863) Dividend receivable/received 4,228 - - - 4,228