24 INTERESTS IN ASSOCIATES (CONTINUED) Summarised financial information for associates Set out below are the summarised financial information for Malacca Plantation Sdn. Bhd. and the aggregate of other associate (“insignificant in aggregate”) which are accounted for using the equity method: Summarised statements of financial position Malacca Plantation Sdn. Bhd. Insignificant in aggregate Total 2024 2023 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Current Cash and cash equivalents 29,839 21,323 2,403 1,475 32,242 22,798 Other current assets (excluding cash) 12,565 13,779 26,314 24,262 38,879 38,041 Total current assets 42,404 35,102 28,717 25,737 71,121 60,839 Financial liabilities (excluding trade payables) (833) (404) – – (833) (404) Other current liabilities (including trade payables) (311) (156) (51,842) (44,635) (52,153) (44,791) Total current liabilities (1,144) (560) (51,842) (44,635) (52,986) (45,195) Non-current Assets 51,943 67,293 93,994 96,013 145,937 163,306 Financial liabilities – – (571) (114) (571) (114) Total non-current liabilities – – (571) (114) (571) (114) Net assets 93,203 101,835 70,298 77,001 163,501 178,836 Summarised statements of comprehensive income Malacca Plantation Sdn. Bhd. Insignificant in aggregate Total 2024 2023 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue 12,816 11,181 46,687 75,305 59,503 86,486 Profit/(loss) before zakat and taxation 369 1,307 (5,655) (3,609) (5,286) (2,302) Tax and zakat expense – – (1,108) (2,883) (1,108) (2,883) Profit/(loss) for the financial year 369 1,307 (6,763) (6,492) (6,394) (5,185) Other comprehensive income/(loss) – – 1,083 (4,511) 1,083 (4,511) Total comprehensive income/(loss) 369 1,307 (5,680) (11,003) (5,311) (9,696) Dividends received from associates 3,090 2,575 307 144 3,397 2,719 The information above reflects the figures after group adjustments on the amounts presented in the financial statements of the associates. FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 130
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