ANNUAL%20REPORT%202015%20eng

Notes to Consolidated Financial Statements
17 INTERESTS IN SUBSIDIARIES (Continued)
Name of company
Place of
incorporation
and business
Particulars of
issued and paid
up capital
Equity attributable
to the Company
Direct Indirect
Principal activities
Energy Resources Mining LLC Mongolia 72,001,000 shares
of USD1 each
— 100% Mining and technical
management
*Tianjin Zhengcheng Import
and Export Trade Co., Ltd.
China
2,035,998 shares
of RMB1 each
— 51% Trading of coals and
machinery equipment
Tavan Tolgoi Power Plant
Water Supply LLC
Mongolia
1,000 shares
of MNT1,000 each
— 100% Overseas Trading
* Company not audited by KPMG. The financial statements of the subsidiary not audited by KPMG reflect total net
assets and total revenue constituting approximately 0.2% (2014: 0.1%) and 27.5% (2014: 7.0%) respectively of the
corresponding consolidated totals.
The following table lists out the information relating to Tianjin Zhengcheng Import and Export Trade Co.,Ltd,
the only subsidiary of the Group which has material non-controlling interest (NCI). Tianjin Zhengcheng
Import and Export Trade Co.,Ltd is a sino-foreign equity joint venture established under the PRC law.
The summarised financial information presented below represents the amounts before any inter-company
elimination.
2015 2014
USD’000 USD’000
NCI percentage 49% 49%
Current assets 1,619 13,475
Non-current assets 6 8
Current liabilities (1,233) (12,888)
Non-current liabilities — —
Net assets 392 595
Carrying amount of NCI 342 292
Revenue 27,322 23,131
Profit for the year 101 270
Total comprehensive income (203) 263
Profit allocated to NCI 50 132
Dividend paid to NCI — —
Cash flows from operating activities 323 3,249
Cash flows from investing activities — (6)
Cash flows from financing activities — 331
Annual Report 2015
161