JCET and its subsidiaries
In accordance with IAS 39, the group applies the equity method accounted for its investments in JCET on one quarter lag basis since the annual financial report of JCET were not available as of December 31, 2017.
|
|
|
09/30/17 |
|
|
|
USD’000 |
|
Current assets |
|
1,401,575 |
|
Non-current assets |
|
3,305,615 |
|
Current liabilities |
|
(1,639,114) |
|
Non-current liabilities |
|
(1,661,532) |
|
Net assets |
|
1,406,544 |
|
Equity attributable to owners of the associate |
|
1,385,372 |
|
Non-controlling interests |
|
21,172 |
|
Net assets |
|
1,406,544 |
|
|
|
Three months |
|
|
|
ended |
|
|
|
09/30/17 |
|
|
|
USD’000 |
|
Total revenue |
|
958,087 |
|
Profit attributable to owners of the associate |
|
11,480 |
|
Profit attributable to the non-controlling interests |
|
628 |
|
Profit for the period |
|
12,108 |
|
Other comprehensive loss for the period |
|
(19,986) |
|
Total comprehensive loss for the period |
|
(7,878) |
|
Total comprehensive loss attributable to owners of the associate |
|
(8,496) |
|
Total comprehensive income attributable to the non-controlling interests |
|
618 |
|
Total comprehensive loss for the period |
|
(7,878) |
|
Dividends received from the associate during the period |
|
— |
Reconciliation of the above summarized financial information to the carrying amount of the interest in the associate recognized in the consolidated financial statements:
|
|
|
12/31/17 |
|
|
|
|
USD’000 |
|
|
Equity attributable to owners of the associate |
|
1,385,372 |
|
|
Proportion of the Group’s ownership interest in JCET |
|
14.3 |
% |
|
|
|
197,832 |
|
|
Valuation premium |
|
340,561 |
|
|
Carrying amount of the Group’s interest in JCET |
|
538,393 |
|