Hi Daquan Case

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Hi Daquan,

Currently, the financial statement is prepared on going concern assumption with the financial support from the holding company. If there is recognition of NCI in Jat’s book, in order for FS to be prepared in going concern basis, we will need to request for the financial support letter from Mr. Jat and assess the financial ability of Mr. Jet; if Mr. Jet is unable to undertakes the NCI portion, the FS couldn’t prepared on going concern basis.

Understand from your team that there is net amount owing from Mr. Jat for SGD 241K which allowance for doubtful debts has been provided for in FY2015. This indicates that the financial ability of Mr. Jet is in doubt.

Hence, we still do not think that recognition of NCI portion in Jat’s book

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