FGV Audited Financial Statements 2019

160 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 26 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in joint ventures. FISB Trurich FPG Insignificant in aggregate Total 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Opening net assets 128,910 140,524 129,352 274,374 585,901 607,599 173,868 163,715 1,018,031 1,186,212 Profit/(loss) for the financial year 32,726 28,157 (112,712) (144,791) 67,623 48,302 22,219 9,694 9,856 (58,638) Dividend (10,000) (13,859) - - (70,000) (70,000) (7,610) - (87,610) (83,859) Other comprehensive (loss)/gain (6,041) (25,912) (16,640) (231) - - (73,321) 459 (96,002) (25,684) Acquisition - - - - - - 21,948 - 21,948 - Closing net assets 145,595 128,910 - 129,352 583,524 585,901 137,104 173,868 866,223 1,018,031 Interest in joint ventures 50% 50% 50% 50% 50% 50% 23%-50% 23%-51% - - Carrying value 72,798 64,455 - 64,676 291,762 292,951 72,504 66,093 437,064 488,175 Unrecognised share of loss - - (22,924) - - - (1,243) (8,290) (24,167) (8,290)