FGV Annual Report 2014

23 Interests in Associates (continued) Set out below are details of the associates of the Group as at 31 December 2014. The associates as listed below have share capital consisting solely of ordinary shares, which are held directly and indirectly by the Group, have financial years ending 31 December, unless otherwise stated and are measured by way of equity accounting. Name of companies Place of business/ country of incorporation Group’s effective interest Nature of the business 2014 % 2013 % INDIRECT ASSOCIATES Associates of FHB Taiko Clay Chemicals Sdn. Bhd. Malaysia 21.6 21.6 (i) Paragon Yield Sdn. Bhd. Malaysia 30.0 30.0 (ii) Nilai Education Sdn. Bhd. Malaysia 30.0 30.0 (iii) Title Winner Sdn. Bhd. Malaysia 7.3 7.3 (iv) FKW Global Commodities (PVT) Limited Malaysia 30.0 – (v) Associates of PUP Malacca Plantation Sdn. Bhd. Malaysia 34.33 34.33 (vi) (i) Manufacturing and sale of activated bleaching earth (ii) Investment holding (iii) Management of an educational institute (iv) Under liquidation (v) Commodity trading (vi) Investment holding and cultivation of oil palm There are no material contingent liabilities relating to the Group’s interest in the associates. Felda Global Ventures Holdings Berhad pg 266 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014