FGV Annual Report 2014

22 Investment in Subsidiaries (continued) (b) Incorporation and acquisitions of subsidiaries during the financial year (continued) (i) The effects of the acquisition of GP is as follows: (continued) The effects of the acquisition of GP on the financial results of the Group during the financial year, and had the acquisition taken effect at the beginning of the financial year is shown below: RM’000 Revenue 3,195 Cost of sales (28) Gross profit 3,167 Administrative expenses (6,493) Finance income 172 Finance costs (15) Loss before taxation (3,169) Taxation 62 Loss after taxation (3,107) (ii) The effects of the acquisition of PT TAA is as follows: Carrying value Provisional Fair value RM’000 RM’000 Intangible assets under development 80 26,445 Biological assets 7,510 1,931 Property, plant and equipment 1,260 1,260 Cash and cash equivalents 1,018 1,018 Other receivables 142 142 Trade payables (18,223) (13) Other payables (28) (28) Deferred tax liabilities – (5,093) Total net liabilities/assets acquired (8,241) 25,662 Non-controlling interests 419 (1,255) (7,822) 24,407 Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 251