87
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
17.
Investment in joint venture (cont’d)
The aggregate amounts of total assets and total liabilities, income and expenses related to the Group’s interests in the joint
venture are as follows:
Group
2014
2013
$’000
$’000
Assets and liabilities:
Total assets
8,241
–
Total liabilities
3,254
–
Income and expenses:
Income
909
–
Expenses
773
–
18.
Investment in an associate
Details of the Group’s associate are:
Name of company
(Country of incorporation and business)
Principal
activities
Effective equity interest
held by the Group
2014
2013
%
%
Held through subsidiary
Synergy MFG Pte Ltd
(Singapore)*
Moulding
20
20
*
The company is dormant as at 31 December 2014 and 2013 and the accounts are not audited.
19.
Inventories
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Plastic products:
Finished goods
42,891
29,628
4,632
4,383
Raw materials
26,991
19,371
609
707
Mould fabrication:
Work-in-progress
39,304
27,571
1,290
1,832
109,186
76,570
6,531
6,922
Inventories are stated after deducting allowance for
inventories obsolescence/foreseeable losses
5,424
4,079
80
148
