MISC BERHAD - Annual Report 2014 p 306 39. Joint arrangements and activities (cont’d.) (a) Joint ventures and activities (cont’d.) The financial statements of the above joint ventures are coterminous with those of the Group, except for these joint ventures: Financial year end Centralised Terminals Sdn. Bhd. 30 June Langsat Terminal (One) Sdn. Bhd. 30 June Langsat Terminal (Two) Sdn. Bhd. 30 June Langsat Terminal (Three) Sdn. Bhd. 30 June For the above entities, the audited financial statements up to the financial year ended 30 June 2014 and management accounts up to 31 December 2014 have been used to apply the equity method of accounting. (b) Joint operation and activities Details of the Group’s joint operations are as follows: % of ownership interest Name held by the Group 2014 2013 Technip MMHE (Malikai) Joint Venture 50% 50% Technip MMHE (SK316) Joint Venture 50% 50% Technip MMHE (Malikai) Joint Venture and Technip MMHE (SK316) Joint Venture are unincorporated joint venture between the subsidiary, MMHE and Technip Geoproduction (M) Sdn. Bhd. to undertake specific engineering, procurement and construction, installation and commissioning projects. NOTESTOTHE FINANCIAL STATEMENTS - 31 December 2014
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