FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 265 24 INTERESTS IN JOINT VENTURES (Cont’d.) Summarised financial information for joint ventures (Cont’d.) Set out belows are details of the joint ventures of the Group as at 31 December 2013 The jointly contolled entities as listed below have share capital consisting solely of ordinary shares and have financial year ending 31 December, except where stated. Country of Group’s effective Nature of of Measurement Name of companies incorporation interest relationship method 2013 2012 % % FTJ Biopower Sdn. Bhd. α Malaysia 43.0 - Note 12 Equity accounting ProXcel Sdn. Bhd. α Malaysia 40.0 - Note 13 Equity accounting Sahabat Renewable Fuel Ventures Sdn. Bhd. α Malaysia 36.7 - Note 14 Equity accounting MyBiomass Sdn. Bhd α Malaysia 23.1 - Note 15 Equity accounting Note 1: Refining, processing and packing of palm oil based products Note 2: Dormant Note 3: Developing and establishing commercial oil palm plantation operation Note 4: Sole general partner of Bunge ETGO L.P. including having management and control of the partnership Note 5: Originating oilseeds, causing such oilseeds to be processed, marketing the resulting oil, meals, hulls and other by-products from such processing Note 6: Producing of tocotrienol from refined bleached palm oil Note 7: Processing and selling of oleochemical products Note 8: Investment holding Note 9: Manufacturing and marketing of finished customer and industrial palm oil products Note 10: Rubber and oil palm plantation and sale of rubber and oil palm products Note 11: Futures trading Note 12: Developing, constructing, operating and maintaining power plant Note 13: Dormant Note 14: Development, construction, fabrication and operation of a biomass conversion plant Note 15: Aggregation of biomass, identification of the technology to convert palm-based biomass into High Value Green Chemicals/Products and commercialisation of the technologies. α The Group treated these entities as joint ventures as the shareholder agreements require unanimous consent over decisions about relevant activities among the partners. The joint venture companies 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 joint ventures