83
ANNUAL REPORT 2014
NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
31 Non-controlling interests
The following summarises the financial information of each of the Group’s subsidiaries with material non-
controlling interests, based on their respective financial statements prepared in accordance with FRS.
VNS
Manufacturing
Pte. Ltd.
VNS
Switchgear
(India) Pvt.
Ltd.
Other
individually
immaterial
subsidiaries
Total
$
$
$
$
NCI percentage
19% 49%
2014
Revenue
6,135,461 1,045,174
–
Loss for the year
(56,090)
(79,996)
(4,187)
Other comprehensive income
–
7,331
51
Total comprehensive income
(56,090)
(72,665)
(4,136)
Attributable to NCI:
- Loss for the year
(10,657)
(39,198)
(1,339)
(51,194)
- Other comprehensive income
–
3,592
13
3,605
Total comprehensive income
(10,657)
(35,606)
(1,326)
(47,589)
Non-current assets
57,680
456,423
–
Current assets
4,009,053 1,641,244
80,641
Non-current liabilities
–
(22,076)
–
Current liabilities
(3,718,907)
(1,814,008)
(2,622)
Net assets
347,826
261,583
78,019
Net assets attributable to NCI
72,147*
128,176
27,428
227,751
Cash flows (used in)/generated
from operating activities
(500,378)
294,465
(1,524)
Cash flows used in investing activities
(46,236)
(49,280)
–
Cash flows generated from/(used in)
financing activities, before dividends
to NCI
714,377
(335,900)
–
Net increase/(decrease) in cash
and cash equivalents
167,763
(90,715)
(1,524)
