FGV Annual Report 2012

79 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n 23 INTERESTS IN JOINTLY CONTROLLED ENTITIES Goup 2012 2011 RM’000 RM’000 Share of net assets of jointly controlled entities 333,577 349,353 Company 2012 2011 RM’000 RM’000 Interests in jointly controlled entities, at cost: At 1 January 131,831 160,845 Disposal (131,831) – Impairment loss – (29,014) At 31 December – 131,831 On 21 May 2012, the Company disposed its jointly controlled entity, Felda Iffco Sdn Bhd (“FISB”) to Felda GlobalVentures Downstream Sdn Bhd (“FGVD”), a subsidiary of FGVH, for a sale consideration of RM94,941,000 which resulted in a loss on disposal of RM36,890,000. The Group’s share of the assets and liabilities in the jointly controlled entities are as follow: 2012 2011 RM’000 RM’000 Non-current assets 626,378 522,139 Current assets 920,273 878,494 Non-current liabilities (406,390) (274,428) Current liabilities (806,684) (776,852) Net assets 333,577 349,353 Share of capital commitments of jointly controlled entities 204,611 196,755 The Group’s share of the results of the jointly controlled entities are as follow: 2012 2011 RM’000 RM’000 Revenue 7,874,181 6,901,019 Group’s share of results for the financial year (28,125) (53,964)