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Annual Report 2014 | S P SETIA BERHAD GROUP | 155

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

8. INVESTMENTS IN JOINTLY CONTROLLED ENTITIES (CONT’D)

The Group’s shares of operating lease commitments, capital commitments and contingent liabilities of the jointly controlled entities at

the reporting date are as below:

2014

2013

RM’000

RM’000

Non-cancellable operating lease commitments:

- Not later than one year

844

812

- Later than one year but not later than five years

2,308

3,045

3,152

3,857

Capital commitments:

- Commitments in relation to development work

867,885

36,146

- Purchase of development land

111,401

-

Contingent liabilities:

- Guarantees given to banks for performance bonds granted

7,500

7,500

Summarised financial information in respect of the Group’s material jointly controlled entity is set out below. The summarised financial

information below represents amounts shown in the jointly controlled entity’s financial statements prepared in accordance with the

Group accounting policies.

Battersea Project Holding Company Limited Group

2014

2013

RM’000

RM’000

Non-current assets

2,354,169

1,971,901

Current assets

2,393,875

1,255,486

Non-current liabilities

(1,912,258)

(1,514,823)

Current liabilities

(1,253,526)

(683,465)

Net assets

1,582,260

1,029,099

Revenue

-

-

Loss for the year

(112,811)

(32,883)

Other comprehensive income for the year

-

-

Total comprehensive loss for the year

(112,811)

(32,883)