Notes to the Financial Statements
31 December 2015
13.
Investment in joint ventures (cont’d)
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Summarised balance sheets
Bukit Timah Green
Development Pte Ltd
HLE Management
Pte Ltd
2015
2014
2015
2014
S$’000
S$’000
S$’000
S$’000
Current assets
247,088 300,898
ȫ
66
Non-current assets
ȫ
730
ȫ
–
Total assets
247,088 301,628
ȫ
66
Current liabilities
235,292 104,897
ȫ
(6)
Non-current liabilities
ȫ 199,358
ȫ
–
Total liabilities
235,292 304,255
ȫ
(6)
Net assets/(liabilities)
11,796
(2,627)
ȫ
60
Proportion of the Group’s ownership
50%
50%
ȫ 50.01%
Group’s share of net assets/(liabilities)
5,898
(1,314)
ȫ
30
Adjustment for elimination of intra-group loan interest
income
(633)
ȫ
ȫ
ȫ
Carrying amount of the investment
5,265
–
ȫ
30
Carrying amount of the provision for Group’s share of
losses (Note 24)
ȫ
(1,314)
–
–
HOCK LIAN SENG HOLDINGS LIMITED
68
