74
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
14 OTHER RESERVES
Group
2016
2015
$
$
Foreign currency translation reserve
97,712 170,984
Revaluation reserve
12,539,508 22,735,731
12,637,220 22,906,715
Foreign currency translation reserve
The translation reserve comprises all foreign currency differences arising from the
translation of the financial statements of foreign operations.
Revaluation reserve
Group
2016
2015
$
$
At beginning of the year
22,735,731 20,823,593
Gains on revaluation of properties in property, plant
and equipment
– 2,971,207
Deferred tax thereon
– (505,105)
Disposal of property, plant and equipment
(9,734,979)
–
Transfer to retained earnings
(461,244)
(553,964)
At end of the year
12,539,508 22,735,731
The revaluation reserve arises from the revaluation of properties held under property,
plant and equipment. It is not distributable until it is transferred to retained earnings
upon the disposal of the properties.
15 NON-CONTROLLING INTERESTS
The following subsidiary has material non-controlling interests.
Name of subsidiary
Principal places of
business/Country
of incorporation
Operating
segment
Ownership interests
held by non-
controlling interests
2016 2015
%
%
TEHO-SBG
Development Co.,
Ltd. (“TEHO-SBG”)
Cambodia
Property
development
51.0
51.0
The following summarised financial information for the above subsidiary are prepared in
accordance with International Financial Reporting Standards. The financial information
presented below represents the amounts before any inter-company eliminations with
other companies in the Group.
