b'< NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2019SUMMARISED FINANCIAL INFORMATIONSummarised financial information of the subsidiary with non-controlling interests that are material to the consolidated entity are shown below. LAO CAI INTERNATIONAL HOTEL JOINT VENTURE COMPANY2019 2018$ $Summarised statement of financial positionCurrent assets 14,661,485 18,440,168Non-current assets 69,241,051 68,654,062Total assets 83,902,536 87,094,230Current liabilities 20,912,194 20,065,651Non-current liabilities 5,258,106 11,816,389Total liabilities 26,170,300 31,882,040Net assets 57,732,236 55,212,190Summarised statement of profit or loss and other comprehensive incomeRevenue 21,558,264 25,963,606Expenses (16,551,017) (17,078,032)Profit before income tax expense 5,007,247 8,885,574Income tax expense (608,126) (1,035,477)Profit after income tax expense 4,399,121 7,850,097Statement of cash flowsNet cash from operating activities 8,597,554 6,077,364Net cash used in investing activities (570,287) (1,529,638)Net cash used in financing activities (10,831,838) (7,652,100)Net decrease in cash and cash equivalents (2,804,571) (3,104,374)Other financial informationProfit attributable to non-controlling interests 219,956 261,944Accumulated non-controlling interests at the end of reporting period 2,019,946 1,799,990DONACO INTERNATIONAL LIMITED 2019 ANNUAL REPORT 79'