152 | CapitaLand Limited Annual Report 2014
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
8
JOINT VENTURES
(cont’d)
The following summarises the mnancial information of each of the Group’s material joint ventures based on their
respective consolidated mnancial statements prepared in accordance with FRS, modimed for fair value adjustments
on acquisition and differences in the Group’s accounting policies. The table also includes summarised mnancial
information for the Group’s interest in immaterial joint ventures, based on the amounts reported in the Group’s
consolidated mnancial statements.
RCS
Trust
$’000
OTH
Group
$’000
CTM
Group
$’000
Other
individually
immaterial
joint ventures
$’000
Total
$’000
2014
Revenue
232,493
256,138
–
Promt/(Loss)
1
after tax
194,418
257,181
(2,672)
Other comprehensive income
–
(149)
38,769
Total comprehensive income
194,418
257,032
36,097
1
Includes
- depreciation and amortisation
(114)
(1,539)
(190)
- interest income
9
189
244
- interest expense
(34,474)
(25,173)
–
- tax expense
–
(28,172)
–
Current assets
2
16,590
100,254
637,239
Non-current assets
3,110,389
3,138,781
546,161
Current liabilities
3
(81,574)
(71,559)
(29,287)
Non-current liabilities
4
(1,044,089) (1,650,387)
–
Net assets
2,001,316
1,517,089
1,154,113
2
Includes cash and cash equivalents
9,163
60,757
66,086
3
Includes current mnancial liabilities
(excluding trade and other
payables and provisions)
–
(28,740)
–
4
Includes non-current mnancial
liabilities (excluding trade and
other payables and provisions)
(1,026,209)
(1,637,287)
–
Carrying amount of interest in
joint venture at beginning of
the year
1,158,713
705,029
647,010
Additions during the year
8,663
–
51,750
Group’s share of
- Promt/(Loss)
116,651
128,590
(1,670)
99,536
343,107
- Other comprehensive income
–
(75)
24,231
12,735
36,891
- Total comprehensive income
116,651
128,515
22,561
112,271
379,998
Dividends received during the year
(83,237)
(75,000)
–
Carrying amount of interest in
joint venture at end of the year
1,200,790
758,544
721,321
718,062
3,398,717
