FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 264 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 24 INTERESTS IN JOINT VENTURES (Cont’d.) The Group’s share of the assets and liabilities in the joint ventures are as follow: 2013 2012 RM’000 RM’000 Share of capital commitments of joint ventures 173,345 204,611 The Group’s share of the results of the joint ventures are as follow: 2013 2012 RM’000 RM’000 Revenue 8,787,684 7,631,763 Group’s share of results for the financial year (85,596) (60,676) Summarised financial information for joint ventures Set out belows are details of the joint ventures of the Group as at 31 December 2013 The joint ventures as listed below have share capital consisting solely of ordinary shares and have financial years ending 31 December, except where stated. Country of Group’s effective Nature of of Measurement Name of companies incorporation interest relationship method 2013 2012 % % Indirect joint ventures Felda Iffco Sdn. Bhd. Malaysia 50.0 50.0 Note 1 Equity accounting Felda Iffco Allana (Malaysia) Sdn. Bhd. Malaysia 50.0 50.0 Note 2 Equity accounting Trurich Resources Sdn. Bhd. Malaysia 50.0 50.0 Note 3 Equity accounting Bunge ETGO G.P. α Canada - 49.0 Note 4 Equity accounting Bunge ETGO L.P. α Canada - 49.0 Note 5 Equity accounting FGV Lipid Venture Sdn. Bhd. Malaysia 50.0 - Note 6 Equity accounting FPG Oleochemicals Sdn. Bhd. Malaysia 50.0 - Note 7 Equity accounting Malaysia Pakistan Joint Venture Sdn. Bhd. α Malaysia 37.5 - Note 8 Equity accounting Voray Holdings Ltd (30 September) α Hong Kong 45.0 - Note 8 Equity accounting Mapak Edible Oils (Pvt) Ltd α (30 June) Pakistan 30.0 - Note 9 Equity accounting Kuala Muda Estate Malaysia 50.0 - Note 10 Equity accounting MEO Trading Sdn. Bhd. α Malaysia 30.0 - Note 11 Equity accounting