25 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) Summarised statements of comprehensive income FISB FPG Insignificant in aggregate Total 2024 2023 2024 2023 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue 4,566,264 4,815,425 1,797,601 1,535,018 524,573 707,356 6,888,438 7,057,799 Depreciation and amortisation (13,744) (18,660) (19,381) (17,066) – – (33,125) (35,726) Interest expense (13,514) (25,756) (2,796) (2,187) – – (16,310) (27,943) Profit/(loss) before taxation 77,311 24,022 (6,618) 32,050 27,750 61,631 98,443 117,703 Tax (expense)/income (20,923) (19,094) 4,509 (9,188) (11,836) (24,840) (28,250) (53,122) Profit/(loss) for the financial year 56,388 4,928 (2,109) 22,862 15,914 36,791 70,193 64,581 Other comprehensive (loss)/income (4,814) 55,906 – – 15,031 (47,662) 10,217 8,244 Total comprehensive income/(loss) 51,574 60,834 (2,109) 22,862 30,945 (10,871) 80,410 72,825 Dividends received from joint ventures 15,021 10,001 – – 10,433 2,324 25,454 12,325 The information above reflects the figures after group adjustments on the amounts presented in the financial statements of the joint ventures. Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in joint ventures. FISB FPG Insignificant in aggregate Total 2024 2023 2024 2023 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Opening net assets 283,830 242,998 777,900 755,038 231,809 250,427 1,293,539 1,248,463 Profit/(loss) for the financial year 56,388 4,928 (2,109) 22,862 15,914 36,791 70,193 64,581 Dividend (30,042) (20,002) – – (28,185) (7,747) (58,227) (27,749) Other comprehensive (loss)/income (4,814) 55,906 – – 15,031 (47,662) 10,217 8,244 Closing net assets 305,362 283,830 775,791 777,900 234,569 231,809 1,315,722 1,293,539 Interest in joint ventures 50% 50% 50% 50% 30%-50% 30%-50% 30%-50% 30%-50% Carrying value 152,681 141,914 387,895 388,950 61,749 62,759 602,325 593,623 Unrecognised share of loss – – – – – – – – FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 134
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