On 31 December 2016, the non-controlling interest of the Group is €76,465 thousand (31.12.2015: €118,391 thousand), of which €43,345 thousand (31.12.2015: €91,710 thousand) is for Alexandria Development Co Ltd and its subsidiaries and €26,928 thousand (31.12.2015: €26,625 thousand) is attributed to Titan Cement Cyprus Limited and its subsidiaries. The remaining non-controlling interest is not material.
The following table summarizes the financial information of subsidiaries, in which the non-controlling interests held significant portion (note 14).
| (all amounts in Euro thousands) |
Alexandria Development Co.Ltd -Consolidated * |
Titan Cement Cyprus Limited - Consolidated * |
| |
2016 |
2015 |
2016 |
2015 |
| Summarized statement of financial position as at 31 December |
|
| Non-current assets |
414,064 |
805,491 |
115,140 |
116,270 |
| Current assets |
73,474 |
119,614 |
63,528 |
62,934 |
| Total assets |
487,538 |
925,105 |
178,668 |
179,204 |
| Non-current liabilities |
148,293 |
227,419 |
4,029 |
4,146 |
| Current liabilities |
94,333 |
169,203 |
16,923 |
18,305 |
| Total liabilities |
242,626 |
396,622 |
20,952 |
22,451 |
| Equity |
244,912 |
528,483 |
157,716 |
156,753 |
| Attributable to: |
|
| Equity holders of the parent |
201,567 |
436,773 |
130,788 |
130,128 |
| Non-controlling interests |
43,345 |
91,710 |
26,928 |
26,625 |
| Summarized income statement and statement of comprehensive income for the year ended 31 December |
|
| Turnover |
244,341 |
240,749 |
134,101 |
127,850 |
| (Loss)/profit after taxes |
-21,018 |
-16,673 |
26,105 |
21,663 |
| Other comprehensive (losses)/income for the year |
-252,395 |
5,951 |
-374 |
-273 |
| Total comprehensive (losses)/income for the year net of tax |
-273,413 |
-10,722 |
25,731 |
21,390 |
| Total comprehensive (losses)/income attributable to non-controlling interests |
-48,660 |
-1,893 |
4,069 |
4,031 |
| Dividends distributed to non-controlling interest |
644 |
4,481 |
3,856 |
4,675 |
| Summarized cash flow information for the year ended 31 December |
|
| Cash flows from operating activities |
45,539 |
30,540 |
39,270 |
36,064 |
| Cash flows from investing activities |
-29,579 |
-53,768 |
-9,087 |
-5,762 |
| Cash flows from financing activities |
-9,330 |
23,513 |
-28,889 |
-26,930 |
| Net increase in cash and cash equivalents |
6,630 |
285 |
1,294 |
3,372 |
| Cash and cash equivalents at beginning of the year |
17,796 |
17,159 |
29,555 |
26,139 |
| Effects of exchange rate changes |
-13,380 |
352 |
-28 |
44 |
| Cash and cash equivalents at end of the year |
11,046 |
17,796 |
30,821 |
29,555 |
* Consolidated figures before elimination with the broader Group