Yinson Annual Report 2020

272 Notes to the financial statements (cont’d) For the financial year ended 31 January 2020 Yinson Holdings Berhad SECTION 7 ACCOUNTABILITY 20. Investment in joint ventures (continued) (ii) PTSC Asia Pacific Pte. Ltd. (continued) Summarised statement of comprehensive income: 2020 RM’000 2019 RM’000 Revenue 75,224 70,265 Cost of sales* (73,119) (50,498) Other income** 6,228 1,951 Administrative expenses (1,357) (1,352) Profit before tax 6,976 20,366 Income tax expense (186) (224) Profit for the financial year 6,790 20,142 Other comprehensive (loss)/income (684) 35,731 Total comprehensive income 6,106 55,873 Group’s share of profit for the financial year 3,327 9,870 Group’s share of other comprehensive (loss)/income (335) 17,508 Group’s share of total comprehensive income 2,992 27,378 Dividend received from joint venture - 29,530 Capital repayment from joint venture - 80,919 * Included in cost of sales is depreciation of RM44,995,000 (2019: RM44,024,000). ** Included in other income is interest income of RM1,416,000 (2019: RM1,951,000). (iii) Yinson Production West Africa Limited Summarised statement of financial position: 2020 RM’000 2019 RM’000 Current assets* 115,849 84,280 Non-current assets 15,531 14,951 Current liabilities (103,734) (87,298) Non-current liabilities (15,752) (15,020) Net assets/(liabilities) 11,894 (3,087) Proportion of the Group’s ownership 49% 49% Carrying amount of the investment 5,828 - * Included in current assets is cash and bank balances of RM15,280,000 (2019: RM14,218,000).