Page 152 - S P Setia Annual Report 2016
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150   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          8.   INVESTMENTS IN SUBSIDIARY COMPANIES (CONT’D.)

              Subsidiaries that have material non-controlling interests

              Details of the Group’s subsidiaries that have material non-controlling interests at the end of the reporting period are as follows:

                                               Proportion of
                                            ownership interests
                                  Place of       held by            Profit allocated to
                                incorporation  non-controlling      non-controlling            Carrying amount of
               Name of subsidiary  and operation  interests            interests             non-controlling interests
                                                                 1.1.2016 to   1.11.2014 to
                                              2016    2015       31.12.2016    31.12.2015         2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000

               Bandar Eco-Setia
                 Sdn Bhd          Malaysia    50%      50%          45,855         32,075       337,746       300,529
               Setia Eco Glades
                 Sdn Bhd          Malaysia    30%      30%           8,063         15,810       49,648         43,145
               Kesas Kenangan
                 Sdn Bhd          Malaysia    30%      30%           1,326         6,997         44,611        43,285
               Individually immaterial subsidiaries with non-controlling interests                (275)           49
                                                                                                431,730       387,008

              Summarised financial information of the Group’s subsidiaries that have material non-controlling interests (amounts before intra-group
              elimination) is as follows:


                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Bandar Eco-Setia Sdn Bhd
               Non-current assets                                                              391,800        359,170
               Current assets                                                                   431,987       359,463
               Non-current liabilities                                                          (16,577)      (15,400)
               Current liabilities                                                             (131,718)      (102,176)
               Net assets                                                                      675,492        601,057
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