Wah Seong Corporation Berhad Annual Report 2018

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 (continued): Evraz Wasco Other Petra Pipe individually Energy Protection immaterial Berhad Corporation associates Total Group RM’000 RM’000 RM’000 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) 9,087 (5,000) (4,863) Dividend receivable/received 4,228 - - 4,228 * Group’s share of (loss)/profit for the financial year ended 31 December 2017 included share of loss from Atama Resources Inc., which amounted to RM5,043,000. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 WAH SEONG CORPORATION BERHAD 132