Positioning for the Future | 153
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
8
JOINT VENTURES
(cont’d)
RCS
Trust
$’000
OTH
Group
$’000
CTM
Group
$’000
Other
individually
immaterial
joint ventures
$’000
Total
$’000
2013
Revenue
225,788
238,546
–
Promt/(Loss)
1
after tax
205,417
268,453
(10,007)
Other comprehensive income
–
2,625
42,903
Total comprehensive income
205,417
271,078
32,896
1
Includes
- depreciation and amortisation
(91)
(1,941)
(151)
- interest income
42
306
8
- interest expense
(33,843)
(26,165)
–
- tax expense
–
(26,222)
–
Current assets
2
14,472
103,058
547,260
Non-current assets
3,018,792
3,015,164
496,253
Current liabilities
3
(82,338)
(63,584)
(8,297)
Non-current liabilities
4
(1,019,738)
(1,644,581)
–
Net assets
1,931,188
1,410,057
1,035,216
2
Includes cash and cash equivalents
6,447
57,135
39,910
3
Includes current mnancial liabilities
(excluding trade and other
payables and provisions)
–
(13,099)
–
4
Includes non-current mnancial liabilities
(excluding trade and other
payables and provisions)
(1,000,729)
(1,644,581)
–
Carrying amount of interest in
joint venture at beginning of
the year
1,107,984
714,990
490,825
Additions during the year
8,378
–
135,625
Group’s share of
- Promt/(Loss)
123,250
134,227
(6,254)
65,457
316,680
- Other comprehensive income
–
1,312
26,814
9,882
38,008
- Total comprehensive income
123,250
135,539
20,560
75,339
354,688
Dividends received during the year
(80,899)
(145,500)
–
Carrying amount of interest in
joint venture at end of the year
1,158,713
705,029
647,010
445,560
2,956,312
(e) The Group’s share of the capital commitments of the joint ventures is $578.8 million (2013 $655.1 million).
(f) The Group’s share of the contingent liabilities of the joint ventures is $15.7 million (2013 $19.5 million).
