Asia-Pacific Strategic Investments Limited - Annual Report 2021

Notes to the Financial Statements For the financial year ended 30 June 2021

18

Investments in subsidiary corporations (continued)

Summarised statement of comprehensive income

Huzhou Agriculture Co

Grand Canal Group

2021

2021

2020

2020

S$’000

S$’000

S$’000

S$’000

-

1,190

Revenue

-

479

Loss before income tax

(822)

(3,892)

(401)

(3,446)

-

16

Income tax credit

-

11

(822)

(3,876)

Net loss

(401)

(3,435)

884

419

Other comprehensive income

15

4

Total comprehensive income/(loss)

62

(3,457)

(386)

(3,431)

Total comprehensive income/(loss) allocated to non-controlling interests

17

(933)

(108)

(961)

Summarised statement of cash flows

Huzhou Agriculture Co

Grand Canal Group

2021

2021

2020

2020

S$’000

S$’000

S$’000

S$’000

Net cash provided by/(used in) operating activities Net cash used in investing activities Net cash (used in)/provided by financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of financial year Effect of currency translation on cash and cash equivalents Cash and cash equivalents at end of financial year

1,601

(6,000)

(6,494)

5,959 (8,969)

(1)

(8)

(38)

(1,848)

6,559

5,143

1,971

(248)

551

(1,389)

(1,039)

358

116

1,795

1,220

(95)

(121)

(48)

(65)

15

546

358

116

ANNUAL REPORT 2021

91