FGV Annual Report 2014
15 Loss from Discontinued Operations (continued) Financial year ended 31 December 2014 (continued) (iv) The cash flows of the discontinued operations are as follows: 2014 2013 RM’000 RM’000 Net cash generated from operating cash flows 32,835 – Net cash generated from investing cash flows 708 – Net cash used in financing cash flows (30,797) – Net increase in cash and cash equivalents 2,746 – Cash and cash equivalents at beginning of financial year 4,546 – Cash and cash equivalents at end of financial year 7,292 – (v) The results of the discontinued operations are as follows: 2014 2013 RM’000 RM’000 Revenue 28,062 – Cost of sales (35,296) – Gross profit (7,234) – Other operating income 142 – Other operating expenses (19,086) – Finance costs (3,066) – Share of results from associates – (28,753) Loss after tax (29,244) (28,753) Financial year ended 31 December 2013 In 2013, Twin Rivers Technologies Enterprise De Transformation De Graines Oleagineuses Du Quebec Inc. (“TRT ETGO”) terminated its joint venture with Bunge Ventures Canada L.P. (“Bunge”). As at 31 December 2013, the results of Bunge ETGO recognised as a loss from discontinuing operations of RM28,753,000 in the statements of comprehensive income. The discontinued operations were part of the Downstream reportable segment as disclosed in Note 18. Felda Global Ventures Holdings Berhad pg 220 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014
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