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17. inveStmentS in Jointly ContRolleD entitieS (Cont’D)
The Group’s aggregate share of the current assets, non-current assets, current liabilities, non-current liabilities, income and expenses
of the jointly controlled entities is as follows:
Assets and liabilities
2010 2009
Rm’000 Rm’000
Current assets 259,235 190,458
Non-current assets 698,519 621,353
Total assets 957,754 811,811
Current liabilities (230,019) (244,424)
Non-current liabilities (712,541) (595,071)
Total liabilities (942,560) (839,495)
Results
Revenue 303,526 245,629
Expenses, including finance costs and taxation (257,089) (291,348)
The Group has discontinued the recognition of its share of loss of BTL Sdn. Bhd. because the share of losses of this jointly controlled
entity has exceeded the Group’s interest in the jointly controlled entity. The Group’s unrecognised share of losses of this jointly
controlled entity for the current year and cumulatively was RM771 (2009: RM5,670) and RM47,169 (2009: RM46,398) respectively.
In financial year 2008, SapuraAcergy Assets Pte. Ltd. (“SAPL”) obtained a banking facility which consists of a seven year new term loan
of USD200,000,000 and Reducing Revolving Credit Facility of USD40,000,000 from a foreign financial institution in Singapore. In order
to hedge its exposure to interest risks arising from its term loans, SAPL enters into an interest rate swap contract with its lender.
The details on commitments relating to the Group’s interest in the jointly controlled entities are disclosed in Note 32.
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SapuraCrest Petroleum Berhad
Annual Report 2010