Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 220 For the year ended 31 March 2019 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 19. INTERESTS IN ASSOCIATES (continued) Summarised financial information of material associates Destination Brisbane Consortium Integrated Resort Holdings Pty Ltd (“DBC”) is regarded as the material associate of the Group at the end of the reporting period and is accounted for using the equity method in the consolidated financial statements. The summarised financial information in respect of this associate is set out below and represents amounts shown in the associate’s consolidated financial statements prepared in accordance with IFRSs, equivalent to HKFRSs. The summarised financial information regarding the assets and liabilities of DBC for the year ended 31 March 2019 was as follows: 2019 2018 HK$’000 HK$’000 Current assets 742,238 746,959 Non-current assets 2,856,811 2,350,960 Current liabilities (121,389) (48,829) Non-current liabilities (317,476) (449,250) 2019 2018 HK$’000 HK$’000 Revenue – – Loss after tax (4,874) (11,006) Total comprehensive expense for the year (4,874) (11,006) Reconciliation of the above summarised financial information to the carrying amount of the interest in the associate recognised in the consolidated financial statements: 2019 2018 HK$’000 HK$’000 Net assets of the associate 3,160,184 2,599,840 Proportion of the Group’s ownership interest in the associate 25% 25% Carrying amount of the Group’s interest in the associate 790,046 649,960 Aggregate information of associates that are not individually material: 2019 2018 HK$’000 HK$’000 The Group’s share of profit after tax 19,022 12,570 The Group’s share of total comprehensive income 19,022 12,570 Aggregate carrying value of the Group’s interest in these associates 271,680 293,924