FGV Audited Financial Statements 2019

155 01 S E C T I O N NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 AUDITED FINANCIAL STATEMENTS 2019 26 INTERESTS IN JOINT VENTURES Group 2019 RM’000 2018 RM’000 Share of net assets of joint ventures 448,414 499,525 Accumulated impairment losses (11,350) (11,350) 437,064 488,175 The joint ventures’ revenue, Group’s share of results and capital commitments of its joint ventures are as follows: 2019 RM’000 2018 RM’000 Joint ventures’ revenue 5,103,365 5,562,097 Group’s share of results for the financial year 14,858 (29,324) Share of capital commitments of joint ventures 11,197 4,446 In previous financial year, the Group fully impaired its investment in MyBiomass Sdn. Bhd. amounting to RM1,350,000.