119 / 152
Notes to the
financial statements
For the financial year ended 31 December 2018
117
A N N U A L R E P O R T
2 0 1 8
13.
Investment in associates (cont’d)
Summarised statement of comprehensive income
PT Bahtera
Nusantara
Indonesia
27.8.2018
to
31.12.2018
$’000
Revenue
2,318
Operating expenses
(7,806)
Interest expense
(287)
Loss before tax
(5,775)
Aggregate information on immaterial associates
The other associates of the Group were inactive between 27 August 2018 to 31 December 2018. The
accumulated losses of these associates in excess of the Group’s interest which was not included in
these financial statements using the equity method of accounting amounted to $18,000.
14.
Loan to associate
Group
31.12.2018
$’000
Loan to associated company
9,268
Less: Due within 12 months
(5,862)
3,406
The loan to associated company is unsecured which bears effective interest rate of 4.26% per
annum at the end of reporting period.