|
This item represents investments in associates operating in Palestine:
| |
|
Ownership |
|
Carrying Amount |
| |
|
% |
|
% |
|
U.S. $ 000's |
| Palestine Tourism Investment Company |
|
23.58 |
|
22.58 |
|
1,083 |
|
- |
| Wataniya Palestine Mobile Telecommunications Company
|
|
43 |
|
43 |
|
53,060 |
|
65,672 |
| |
|
|
|
|
|
54,143 |
|
65,672 |
Following is PIF's share in the associates' assets and liabilities:
| |
|
U.S. $ 000's |
| Non-current assets |
|
117,454 |
|
100,015 |
| Current assets |
|
11,677 |
|
5,280 |
| Non-current Liabilities |
|
(54,616) |
|
(22,837) |
| Current liabilities |
|
(20,372) |
|
(17,067) |
| Net assets |
|
54,143 |
|
65,391 |
PIF's share of associates' revenues and losses:
| Revenues |
|
2,470 |
|
801 |
| Loss for the year |
|
(13,558) |
|
(5,426) |
PIF's investment in Wataniya Palestine Mobile Telecommunication Company (the Company) is mortgaged for the benefit of banks against loans granted to the Company.
|
