N o t e s t o t h e f i n a n c i a l s t a t e m e n t s
Year ended 31 March 2015
19 Non-controlling interests
The following subsidiaries of the Group have material non-controlling interests (NCI):
Name of subsidiaries
Principal place of business
Effective equity
held by NCI
2015
2014
%
%
Emerald Assets Limited (under member’s
voluntary winding up)
Singapore
100
100
Ruby Assets Pte. Ltd.
Singapore
100
100
The following table summarises the financial information of each of the Group’s subsidiaries with material NCI, based on
their respective consolidated financial statements prepared in accordance with FRS, modified for fair value adjustments on
acquisition and differences in the Group’s accounting policies. The information is before inter-company eliminations with
other companies in the Group.
Ruby Assets
Emerald
Assets
Total
$’000
$’000
$’000
2015
Profit after tax and total comprehensive income
2
3
Attributable to NCI:
– Profit and total comprehensive income
2
3
5
Current assets
1,230
65
Non-current assets
366,024
–
Current liabilities
(1,220)
(36)
Non-current liabilities
(366,024)
–
Net assets
10
29
Net assets attributable to NCI
10
29
39
Cash flows used in operating activities
(6)
(52,660)
Cash flows generated from investing activities
– 395,000
Cash flows used in financing activities
– (342,465)
Net decrease in cash and cash equivalents
(6)
(125)
2014
Profit/(loss) after tax and total comprehensive income
4
(128)
Attributable to NCI:
– Profit/(loss) and total comprehensive income
4
(128)
(124)
Current assets
342,311 395,266
Current liabilities
(342,304)
(395,239)
Net assets
7
27
Net assets attributable to NCI
7
27
34
Cash flows used in operating activities
(8)
(1)
Cash flows used in financing activities
(6,800)
–
Net decrease in cash and cash equivalents
(6,808)
(1)
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
