123 AUDITED FINANCIAL STATEMENTS 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 25 INTERESTS IN ASSOCIATES (CONTINUED) Summarised financial information for associates (continued) Summarised statements of comprehensive income Malacca Plantation Sdn Bhd Insignificant in aggregate Total 2021 2020 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue 13,716 7,303 90,369 39,029 104,085 46,332 Profit from continuing operations 9,672 2,281 3,533 4,141 13,205 6,422 Tax and zakat expense – – (2,762) (2,333) (2,762) (2,333) Post-tax profit from continuing operations 9,672 2,281 771 1,808 10,443 4,089 Other comprehensive gain – – 1,769 9 1,769 9 Total comprehensive gain 9,672 2,281 2,540 1,817 12,212 4,098 Dividends received from associates 2,369 3,348 231 89 2,600 3,437 The information above reflects the figures after group adjustments on the amounts presented in the financial statements of the associates. Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interests in associates. Malacca Plantation Sdn Bhd Insignificant in aggregate Total 2021 2020 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Opening net assets 104,336 111,809 7,463 5,942 111,799 117,751 Profit for the financial year 9,672 2,281 771 1,808 10,443 4,089 Dividend (6,902) (9,754) (771) (296) (7,673) (10,050) Other comprehensive gain – – 1,769 9 1,769 9 Transfer from assets held for sale – – 85,113 – 85,113 – Closing net assets 107,106 104,336 94,345 7,463 201,451 111,799 Interest in associates 34% 34% 30% 30% 30%-34% 30%-34% Carrying value 36,770 35,819 28,304 2,239 65,074 38,058 Unrecognised share of loss – – – – – –
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