HAW PAR CORPORATION LIMITED
82
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
12. INVESTMENT IN ASSOCIATED COMPANIES
(CONTINUED)
The financial year end for HHBP is 30 June. The above summarised statements of financial position and comprehensive
income were presented based on the audited accounts for the year ended 30 June 2014 and unaudited six months
results to 31 December 2014 as announced on the overseas stock exchange, adjusted for differences in accounting
policies between the Group and the associated company.
Reconciliation of summarised financial information
As at 31 December
2014
2013
$’000
$’000
Net assets
At 1 January
760,640
681,560
Profit for the year
64,062
42,668
Other comprehensive income
466
25,335
Dividends received/receivable
–
(65,439)
Other transactions with owners
70,526
54,839
Currency translation differences
36,951
21,677
At 31 December
932,645
760,640
Interest in associated company (2014: 14.39%; 2013: 15.23%)
134,208
115,845
Add:
Carrying value of other associated company
3,482
3,252
Carrying value of Group’s interest in associated companies
137,690
119,097
For the year ended
31 December
2014
2013
$’000
$’000
Dividends received/receivable from HHBP
–
10,335
Investments in associated companies at 31 December 2014 include intangible assets of $1,853,000 (2013:
$1,880,000).
Details of associated companies are set out in Note 28.
