Yinson Annual Report 2019

Yinson Holdings Berhad ANNUAL REPORT 2019 172 20. INVESTMENT IN JOINT VENTURES (CONTINUED) (ii) PTSC Asia Pacific Pte. Ltd. 2019 2018 RM’000 RM’000 Summarised statement of financial position: Current assets* 146,290 342,361 Non-current assets 374,720 399,100 Current liabilities (1,783) (50,030) Net assets 519,227 691,431 Proportion of the Group’s ownership 49% 49% Group’s share of net assets 254,421 338,801 Accumulated impairment loss (12,892) – Carrying amount of the investment 241,529 338,801 * Included in current assets is cash and bank balances of RM76,297,000 (2018: RM216,596,000). 2019 2018 RM’000 RM’000 Summarised statement of comprehensive income: Revenue 70,265 173,984 Cost of sales (50,498) (103,931) Other income 1,951 – Administrative expenses (1,352) (379) Finance costs – (39,992) Profit before tax 20,366 29,682 Income tax expense (224) (13) Profit for the financial year 20,142 29,669 Other comprehensive income/(loss) 35,731 (93,504) Total comprehensive income/(loss) 55,873 (63,835) Group’s share of profit for the financial year 9,870 14,538 Group’s share of other comprehensive income/(loss) 17,508 (45,817) Group’s share of total comprehensive income/(loss) 27,378 (31,279) Dividend received from joint venture 29,530 – Capital repayment from joint venture 80,919 – For the financial year ended 31 January 2019 Notes to the financial statements (cont’d)