FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 267 24 INTERESTS IN JOINT VENTURES (Cont’d.) Summarised financial information for joint ventures (Cont’d.) Summarised statement of comprehensive income FISB Trurich FPG Bunge Etgo Insignificant in aggregate Total 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue 5,320,967 4,414,920 133,245 153,771 1,180,240 - 1,659,821 3,063,072 493,411 - 8,787,684 7,631,763 Depreciation and amortisation (35,338) (40,264) (15,328) (17,879) (19,440) - - - - - (70,106) (58,143) Interest income 8,903 10,219 1,303 4 10,244 - - - - - 20,450 10,223 Interest expense (58,183) (43,758) (17,669) (9,757) (11) - (1,418) (10,582) - - (77,281) (64,097) (Loss)/profit from continuing operations (31,110) (4,139) (53,382) (9,045) 94,688 - (55,381) 59,658 27,360 - (17,825) 46,474 Tax (expense)/income (12,559) 611 732 (3,628) (22,747) - - - (9,961) - (44,535) (3,017) Post-tax (loss)/profit from continuing operations (43,669) (3,528) (52,650) (12,673) 71,941 - (55,381) 59,658 17,399 - (62,360) 43,457 Post-tax loss from discontinued operations - (79,964) - - - - - - - - - (79,964) Other comprehensive income/(loss) 73,211 (36,598) (43,906) (10,823) - - - (1,350) - - 29,305 (48,771) Total comprehensive income/(loss) 29,542 (120,090) (96,556) (23,496) 71,941 - (55,381) 58,308 17,399 - (33,055) (85,278) Dividends received from joint ventures - - - - - - - - - - - - The information above reflects the amounts presented in the financial statements of the joint ventures (and not Group’s share of those amounts) adjusted for differences in accounting policies between the Group and 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 Trurich FPG Bunge Etgo Insignificant in aggregate Total 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Opening net assets 141,853 218,585 310,194 328,791 - - 219,496 154,417 - - 671,543 701,793 Acquisition of subsidiary - - - - 600,827 - - - 181,938 - 782,765 - (Loss)/profit for the year (43,669) (83,492) (54,650) (12,673) - - (55,381) 59,658 - - (153,700) (36,507) Other comprehensive income 73,211 (36,598) (43,906) (10,823) - - - (1,350) - - 29,305 (48,771) Impairment (87,314) (20,600) - - - - - - - - (87,314) (20,600) Dissolution - - - - - - (164,115) - - - (164,115) - Fair value adjustments - - - - - - - - 61,328 - 61,328 - Others 5,012 63,958 14,774 4,899 - - - 6,771 - - 19,786 75,628 Closing net assets 89,093 141,853 226,412 310,194 600,827 - - 219,496 243,266 - 1,159,598 671,543 Interest in associates 50% 50% 50% 50% 50% - 49% 49% 30%-50% - - - Goodwill - - - - - - - - - - - - Carrying value 44,547 70,927 113,206 155,097 300,414 - - 107,553 89,397 - 547,564 333,577 Unrecognised share of loss - - - - - - - - 3,029 - 3,029 -