FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
88
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
15 INVESTMENTS IN ASSOCIATED COMPANIES
The Group
2015
$’000
2014
$’000
At beginning and end of financial year
132
132
Less : Accumulated impairment at beginning and end of financial year
132
132
Carrying value at beginning and end of financial year
-
-
The details of the associated companies are as follows:
Name of associate
Country of
incorporation/
place of
business
Effective equity
interest
held by the Group Principal activities
2015
%
2014
%
Held by Juken (H.K.) Co. Limited
Hishiya Seiko International
Company Limited
Hong Kong
40
40 Dormant
Held by Hishiya Seiko International
Company Limited
Hishiya (Zhuhai) Company Limited
People’s Republic
of China
40
40 Dormant
Held by NTZ International
Holding B.V.
NTZ Manufacturing USA LLC
USA
33
33 Manufacturing and sales
of filters
16 FINANCIAL ASSET, AVAILABLE-FOR-SALE
Available-for-sale financial asset is analysed as follows:
Group and Company
2015
$’000
2014
$’000
Unquoted security, at cost
- Equity security - Singapore
At beginning/end of financial year
6,400
6,400
Less : Accumulated impairment:
Beginning of financial year
2,028
1,493
Impairment loss (Note 9(v))
240
535
End of financial year
2,268
2,028
Carrying value at end of financial year
4,132
4,372
The investment in unquoted equity represent investment in a company that is engaged in the investment of healthcare
companies. The above investment held by the Group is stated at cost less impairment as a reasonable estimate of fair
value could not be made.
