117 AUDITED FINANCIAL STATEMENTS 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 24 INVESTMENT IN SUBSIDIARIES (CONTINUED) (c) Acquisitions, incorporation and disposal of subsidiaries in previous financial year (continued) (vi) The effects of the acquisition of FGVDF Group in previous financial year were as follows: (continued) The goodwill on acquisition was as follows: RM’000 Purchase consideration 10,050 Fair value of net assets acquired (4,013) Goodwill on acquisition (Note 23) 6,037 The Group recognised the non-current controlling interest in FGVDF Group at the non-controlling interest’s proportionate share of the recognised amounts of FGVDF Group’s identifiable net assets. The effect of the acquisition of FGVDF Group on the financial results of the Group in previous financial year was shown below: RM’000 Revenue 5,159 Cost of sales (4,958) Gross profit 201 Operating expenses (1,927) Finance cost (35) Loss after taxation (1,761) The effect of the acquisition of FGVDF Group on the financial results of the Group in previous financial year had the acquisition taken effect at the beginning of previous financial year was shown below: RM’000 Revenue 5,216 Cost of sales (5,174) Gross profit 42 Operating expenses (2,345) Finance cost (428) Loss after taxation (2,731)
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