FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 261 23 INTERESTS IN ASSOCIATES (Cont’d.) Set out below are details of the associates of the Group as at 31 December 2013. The associates as listed below have share capital consisting solely of ordinary shares, which are held directly and indirectly by the Group, have financial years ending 31 December, unless otherwise stated. Place of Group’s effective business/ interest country of 2013 2012 Nature of Measurement Name of companies incorporation % % the relationship method Direct associates Felda Holdings Bhd. Malaysia - 49.0 Note 1 Equity accounting Tradewinds (M) Berhad Malaysia - 20.0 Note 2 Equity accounting Indirect associates Paragon Yield Sdn. Bhd. Malaysia 30.0 - Note 3 Equity accounting PK Education Sdn. Bhd. Malaysia 30.0 - Note 4 Equity accounting Taiko Clay Chemicals Sdn. Bhd. Malaysia 21.6 - Note 5 Equity accounting Title Winner Sdn. Bhd. Malaysia 7.3 - Note 6 Equity accounting Malacca Plantation Sdn. Bhd. Malaysia 34.33 - Note 7 Equity accounting Note 1: Investment holding Note 2: Provisions of management services and investment holding Note 3: Investment holding Note 4: Management of an educational institute Note 5: Manufacturing and sale of activated bleaching earth Note 6: Under liquidation Note 7: Investment holding and cultivation of oil palm The associates above are private companies and have no quoted market price available for their shares. There are no material contingent liabilities relating to the Group’s interest in the associates. Summarised financial information for associates Set out below are the summarised financial information for Felda Holdings Bhd. (“FHB”) and Tradewinds (M) Berhad (“Tradewinds”) which are accounted for using the equity method: Summarised statement of financial position FHB Tradewinds Insignificant in aggregate Total 2013 2012 2013 2012 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Current Cash and cash equivalents - 1,788,036 - 834,194 43,299 - 43,299 2,622,230 Other current assets (excluding cash) - 2,893,989 - 2,846,416 348,678 - 348,678 5,740,405 Total current assets - 4,682,025 - 3,680,610 391,977 - 391,977 8,362,635 Financial liabilities (excluding trade payables) - (2,620,329) - (2,060,121) (38,680) - (38,680) (4,680,450) Other current liabilities (including trade payables) - (370,499) - (249,529) (64,121) - (64,121) (620,028) Total current liabilities - (2,990,828) - (2,309,650) (102,801) - (102,801) (5,300,478)