Yinson Annual Report 2018

20. INVESTMENT IN JOINT VENTURES (CONTINUED) (i) PTSC South East Asia Pte. Ltd. (continued) 2018 2017 RM’000 RM’000 Summarised statement of comprehensive income: Revenue 94,154 147,654 Cost of sales (27,326) (28,352) Administrative expenses (979) (116) Finance costs (4,160) (8,149) Profit before tax 61,689 111,037 Income tax expense (3,115) (3,187) Profit for the financial year 58,574 107,850 Other comprehensive (loss)/income (71,580) 37,276 Total comprehensive (loss)/income (13,006) 145,126 Group’s share of profit for the financial year 28,701 52,847 Group’s share of other comprehensive (loss)/income (35,074) 18,265 Group’s share of total comprehensive (loss)/income (6,373) 71,112 Dividend received from joint venture 20,046 – (ii) PTSC Asia Pacific Pte. Ltd. 2018 2017 RM’000 RM’000 Summarised statement of financial position: Current assets* 342,361 294,569 Non-current assets 399,100 1,498,433 Current liabilities (50,030) (30,616) Non-current liabilities** – (1,007,121) Net assets 691,431 755,265 Proportion of the Group’s ownership 49% 49% Carrying amount of the investment 338,801 370,080 * Included in current assets is cash and bank balances of RM216,596,000 (2017: RM211,753,000). ** The borrowings are secured by property, plant and equipment of the Company and bear interest at LIBOR + 2.5% (2017: LIBOR + 2.5%) per annum. The loan was fully repaid during the financial year. Corporate Overview Stewardship Governance Accountability 151 Yinson Holdings Berhad Annual Report 2018