| 15. | Investments accounted for using the equity method |
The tables below provide summarised financial information for the Group’s associate. The information disclosed reflects the amounts presented in the financial statement of the associate and not the Group’s share of those amounts. They have been amended to reflect adjustments made by the Group when using the equity method, including modifications for differences in accounting policy. (The summarised financial information is presented in USD):
| Ownership | Current assets |
Non-current assets |
Total assets |
Current liabilities |
Non-current liabilities |
Non-controlling interest |
Equity attributable to the parent |
Total liabilities and equity |
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|
31 December 2015 |
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|
Fintur (associate) |
41.45 | % | 770,402 | 923,237 | 1,693,639 | 316,504 | 482,668 | 189,441 | 705,026 | 1,693,639 | ||||||||||||||||||||||||||
| Revenue | Profit for the year* |
Other comprehensive loss for the year (*) |
Total comprehensive loss for the year (*) |
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|
2015 |
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|
Fintur (associate) |
1,325,535 | 327,194 | (592,741 | ) | (265,547 | ) | ||||||||||
| (*) | Attributable to the parent. |
Reconciliation of the summarized financial information to the carrying amount in the consolidated financial statements:
| 2015 | ||||
|
Net assets of Fintur |
2,049,934 | |||
|
The Group’s share |
849,697 | |||
|
Goodwill |
132,242 | |||
|
|
|
|||
|
Carrying amount |
981,939 | |||
|
|
|
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As at 1 October 2016, Fintur has been classified as asset held for sale and reported as a discontinued operation (Note 16).