184 348
Consolidated Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
184
Oman Cables
Kabeltrommel
Elkat Ltd.
Yangtze Optical Fibre
Industry (SAOG)
Gmbh & Co.K.G.
and Cable Joint
Stock Limited Company
31 December
31 December
31 December
31 December
31 December
31 December 30 September
31 December
2014
2013
2014
2013
2014
2013
2014
2013
Non-current assets
86
77
n.a
12
5
7
n.a
417
Current assets
257
238
n.a
17
23
33
n.a
196
Total Assets
343
315
n.a
29
28
40
785
613
Equity
179
136
14
14
25
31
254
184
Non-current liabilities
12
14
n.a
8
-
-
n.a
110
Current liabilities
152
165
n.a
7
3
9
n.a
319
Total Liabilities
164
179
n.a
15
3
9
531
429
2014
2013
2014
2013
2014
2013
2014
2013
Sales of goods and services
593
599
n.a
34
168
218
507
570
Net profit/(loss) for the year
39
36
n.a
6
6
6
43
51
Comprehensive income/(loss) for the year
39
36
n.a
6
6
6
n.a
n.a
Dividends received
5
4
n.a
3
-
1
n.a
n.a
The following table reports key financial figures for the major investments in associates:
As a result of its listing on the Hong Kong Stock Exchange,
Yangtze Optical Fibre and Cable Joint Stock Limited Company
has published its financial results for the first nine months
of 2014.
Investments in joint ventures
Information about the nature of the main investments in
joint ventures:
Company name
Registered office
% owned
Yangtze Optical Fibre and Cable (Shanghai) Co. Ltd
China
46.090%
Power Cables Malaysia Sdn Bhd
Malaysia
40.00%
Precision Fiber Optics Ltd.
Japan
50.00%
Yangtze Optical Fibre & Cable (Shanghai) Co. Ltd, formed
in 2002, is based in Shanghai (China) and is a joint venture
between Yangtze Optical Fibre and Cable Joint Stock Limited
Company and the Prysmian Group. The company specialises
in the manufacture and sale of optical fibre and cables,
offering a wide range of optical fibre cables and accessories,
services and FTTx solutions.
Power Cables Malaysia Sdn Bhd is a joint venture based in
Malaysia between the Prysmian Group and the Armed Forces
Fund Board (LTAT), a Malaysian government retirement
benefits fund. The company, a leader in the local market,
manufactures and sells power cables and conductors and is
mainly specialised in High Voltage products.
Lastly, Precision Fiber Optics Ltd., based in Japan, manufactu-
res and sells optical fibre cables in the local market.
(in millions of Euro)