TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
73
Notes to the financial statements
For the financial year ended 31 March 2016
16.
Interest in subsidiaries (cont’d)
(B)
Interest in subsidiaries with material non-controlling interest (“NCI”)
The Group has the following subsidiaries that have NCI that are material to the Group.
Name of Subsidiary
Principal
place of
business
Proportion
of ownership
interest held
by NCI
Profit/(loss)
allocated to
NCI during
the reporting
period
Accumulated
NCI at the
end of the
reporting
period
Dividends
paid to NCI
Fair value
adjustment
on interest-
free loans
from NCI in
subsidiaries
$
$
$
$
31 March 2016:
Club Chinois Pte Ltd Singapore
25% 193,410
347,210
200,000
–
McBistro Pte Ltd
Singapore
30% 302,161
42,542
–
12,878
Tung Lok Xihe
Restaurant Pte Ltd
Singapore
40% 248,227
(152,706)
–
41,210
31 March 2015:
Club Chinois Pte Ltd Singapore
25% 248,020
353,800
200,000
–
McBistro Pte Ltd
Singapore
30% 477,403
(272,497)
–
–
Tung Lok Xihe
Restaurant Pte Ltd
Singapore
40% (630,934)
(442,143)
–
–
There are no significant restrictions on the Group’s ability to use or access assets and settle liabilities of the
subsidiaries with material NCI.
Summarised financial information about subsidiaries with material NCI
The following summarised financial information is based on the subsidiaries’ financial statements prepared in
accordance with FRS.
Summarised balance sheets
2016
2015
$
$
Current
Assets
3,862,351
4,887,264
Liabilities
(3,809,434)
(7,422,321)
Net current assets/(liabilities)
52,917
(2,535,057)
Non-current
Assets
2,925,241
2,843,603
Liabilities
(1,823,266)
(907,027)
Net non-current assets
1,101,975
1,936,576
Net assets/(liabilities)
1,154,892
(598,481)
