NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
Financial Statements
117
Annual Report 2014
21.
Investments in subsidiaries
(continued)
Summarised profit or loss
2014
2013
$’000
$’000
Sales
4,192,177
3,435,978
Profit before income tax
18,546
65,283
Income tax credit/(expense)
9,832
(13,851)
Net profit
28,378
51,432
Other comprehensive income
45,603
112,042
Total comprehensive income
73,981
163,474
Dividends paid to non-controlling interests
(11,393)
(249)
Summarised cash flows
2014
2013
$’000
$’000
Net cash used in operating activities
(1,442,873)
(141,929)
Net cash used in investing activities
(45,344)
(14,053)
Net cash provided by financing activities
977,358
464,556
Net (decrease)/increase in cash and cash equivalents
(510,859)
308,574
Cash and cash equivalents at beginning of year
1,890,364
1,510,167
Effects of currency translation on cash and cash equivalents
47,465
71,623
Cash and cash equivalents at end of year
1,426,970
1,890,364
22.
Investment properties
The Group
2014
2013
$’000
$’000
Cost
Beginning of financial year
15,916
16,083
Currency translation differences
105
271
Reclassification from/(to) property, plant and equipment (Note 23)
12
(438)
End of financial year
16,033
15,916
Accumulated depreciation
Beginning of financial year
4,623
4,353
Currency translation differences
31
61
Depreciation charge
389
384
Reclassification to property, plant and equipment (Note 23)
–
(175)
End of financial year
5,043
4,623
Net book value
10,990
11,293
Fair values
21,715
21,667
