Sustainability and Governance Report
Notes to the FINANCIAL STATEMENTS
[Not
15. Investment in associated company (cont'd)
Net assets
Proportion of the Group's ownership
Carrying amount of the investment
Results:
Revenue
Profit for the year
Other comprehensive income
Total comprehensive income for the year
Group
2020
$'000
2019
$'000
64,338
62,070
40%
40%
25,735
24,828
10,000
11,900
(133)
(1,298)
9,867
10,602
4,000
4,760
Group's share of profit for the year
During the financial year ended 31 March 2020, dividends of $3,040,000 (2019: $2,720,000) were received from the Group's associated company, Harvey Norman Ossia
(Asia) Pte Ltd.
The following information relates to the associated company:
Name
Held by the Company
Harvey Norman Ossia (Asia) Pte Ltd (1)
Held by associated company
Pertama Holdings Pte Ltd (1)
(1) Audited by Ernst & Young LLP, Singapore.
77
Principal activities
(Country of incorporation
and place of business)
Proportion
of ownership
interest
Cost of
Investment
2020
2019
2020
2019
%
%
$'000
$'000
Investment holding
(Singapore)
40.0
40.0
13,252
13,252
Investment holding
19.8
19.8
(Singapore)View entire presentation