Condensed financial information with respect to the statement of financial position
|
|
ZIM
|
Qoros*
|
|||||||||||||||
|
As at December 31
|
||||||||||||||||
|
2017
|
2016
|
2017
|
2016
|
|||||||||||||
|
$ thousands
|
||||||||||||||||
|
Principal place of business
|
International
|
China
|
||||||||||||||
|
Proportion of ownership interest
|
32
|
%
|
32
|
%
|
50
|
%
|
50
|
%
|
||||||||
|
Current assets
|
579,595
|
465,892
|
235,237
|
259,804
|
||||||||||||
|
Non-current assets
|
1,222,743
|
1,237,740
|
1,259,762
|
1,273,862
|
||||||||||||
|
Current liabilities
|
(686,693
|
)
|
(530,842
|
)
|
(884,025
|
)
|
(773,946
|
)
|
||||||||
|
Non-current liabilities
|
(1,209,137
|
)
|
(1,273,447
|
)
|
(817,895
|
)
|
(695,484
|
)
|
||||||||
|
Non-controlling interests
|
(6,509
|
)
|
(3,125
|
)
|
-
|
—
|
||||||||||
|
Total net assets attributable to the Group
|
(100,001
|
)
|
(103,782
|
)
|
(206,921
|
)
|
64,236
|
|||||||||
|
Share of Group in net assets
|
(32,000
|
)
|
(33,210
|
)
|
(89,627
|
)
|
32,118
|
|||||||||
|
Adjustments:
|
||||||||||||||||
|
Write back/(impairment) of assets and investments
|
28,758
|
(72,263
|
)
|
—
|
—
|
|||||||||||
|
Excess cost
|
123,242
|
187,216
|
—
|
—
|
||||||||||||
|
Loans
|
—
|
—
|
61,645
|
55,798
|
||||||||||||
|
Financial guarantee
|
—
|
—
|
29,676
|
29,677
|
||||||||||||
|
Book value of investment
|
120,000
|
81,743
|
1,694
|
117,593
|
||||||||||||
| * |
Qoros is a joint venture (See Note 10.C.b). The current assets include cash and cash equivalent of $12 million (2016: $67 million). The current and non-current liabilities excluding trade and other payables and provisions amount to $1 billion (2016: $1.1 billion). In January 2018, the Group’s equity interest in Qoros was reduced to 24% (see Note 33.2.A). |