Discontinued Operations

In December 2013, the Group ceased operations of its wholly owned subsidiary, FHL Logistics Limited.
The subsidiary was classified as a discontinued operation from the 2014 financial year and this continued into the 2015 financial year.

On 5th February 2015, Fiji Television Limited announced that it had signed a sale and purchase agreement with Telikom PNG Ltd for the sale of 100% of its wholly owned subsidiary, Media Niugini Limited.

The subsidiary was not previously classified as held-for-sale or as a discontinued operation. The comparative consolidated statement of comprehensive income has been restated to show the discontinued operation separately from continuing operations

Annual-Report-2015-39_06

FHL News Letter – March 2021

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