FGV Annual Report 2014

23 Interests in Associates Group 2014 RM’000 2013 RM’000 (Restated) Share of net assets of associates 215,754 213,118 Company 2014 RM’000 2013 RM’000 Interests in associates, at cost: At 1 January – 1,775,226 Disposal^ – (207,614) Transfer to investment in subsidiaries ß (Note 22) – (1,567,612) At 31 December – – ^ In the previous financial year, the Company disposed of its 20% equity interest in Tradewinds (M) Berhad for a total consideration of RM551.43 million, which resulted in a gain on disposal of RM26.67 million for the Group and RM343.82 million for the Company. ß In the previous financial year, the Company acquired the remaining 51% equity interest in Felda Holdings Bhd. (“FHB”) for a purchase consideration of RM2.20 billion. Consequently, the Company’s effective interest in FHB increased from 49% to 100% and FHB become a wholly-owned subsidiary. Summarised financial information in respect of the Group’s share of revenue, profit, assets and liabilities of its associates is set out below: Group 2014 RM’000 2013 RM’000 Revenue 470,707 16,873,944 Group’s share of results for the financial year 9,320 83,368 Share of capital commitments of associates 28,624 38,331 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 265