INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
20.
INVESTMENT IN A JOINT VENTURE (CONT’D)
Summarised financial information in respect of CMAA based on its FRS financial statements, and reconciliation with
the carrying amount of the investment in the consolidated financial statements are as follows:
Summarised balance sheet
Group
2015
2014
Rp million
Rp million
Cash and cash equivalents
173,610
221,727
Other current assets
778,568
890,437
Current assets
952,178
1,112,164
Non-current assets
2,396,215
3,512,985
Total assets
3,348,393
4,625,149
Current liabilities
1,805,826
2,139,057
Non-current liabilities
1,069,900
1,612,438
Total non-current liabilities
1,069,900
1,612,438
Total liabilities
2,875,726
3,751,495
Net assets
472,667
873,654
Proportion of the Group’s ownership
50.0%
50.0%
Group’s share of net assets
236,333
436,827
Acquisition costs capitalised
52,405
52,405
Goodwill on acquisition
298,336
298,336
Foreign currency translation
19,977
13,585
Carrying amount of the investment
607,051
801,153
Summarised statement of comprehensive income
Group
2015
2014
Rp million
Rp million
Revenue
1,861,777
2,315,675
Depreciation and amortisation
(341,436)
(367,218)
Interest income
22,289
69,572
Interest expense
(332,716)
(415,776)
Other operating expenses
(1,494,414)
(1,532,703)
(Loss)/profit before tax
(284,500)
69,550
Income tax expense
(24,318)
(11,714)
(Loss)/profit after tax
(308,818)
57,836
Other comprehensive loss
(42,062)
(31,310)
Total comprehensive (loss)/income
(350,880)
26,526
