Yinson Annual Report 2019

173 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting 20. INVESTMENT IN JOINT VENTURES (CONTINUED) (iii) Yinson ProductionWest Africa Limited 2019 2018 RM’000 RM’000 Summarised statement of financial position: Current assets* 84,280 48,991 Non-current assets 14,951 – Current liabilities (87,298) (45,111) Non-current liabilities (15,020) – Net assets (3,087) 3,880 Proportion of the Group’s ownership 49% 49% Carrying amount of the investment (1,513) 1,901 * Included in current assets is cash and bank balances of RM14,218,000 (2018: RM1,936,000). 2019 2018 RM’000 RM’000 Summarised statement of comprehensive income: Revenue 193,541 75,902 Cost of sales (184,149) (92,651) Other income 18 26,610 Administrative expenses (4,113) (1,739) Finance costs (5,526) (848) (Loss)/profit before tax (229) 7,274 Income tax expense (6,580) (4,060) (Loss)/profit for the financial year (6,809) 3,214 Other comprehensive income/(loss) 105 (398) Total comprehensive (loss)/income (6,704) 2,816 Group’s share of (loss)/profit for the financial year (3,336) 1,575 Group’s share of other comprehensive income/(loss) 51 (195) Group’s share of total comprehensive (loss)/income (3,285) 1,380 (iv) Investment in other joint ventures The summarised financial information of investment in other joint ventures are not presented as these investments are individually immaterial to the Group.