FGV Annual Report 2014

24 Interests in Joint Ventures Group 2014 RM’000 2013 RM’000 (Restated) Share of net assets of joint ventures 745,042 634,762 The Group’s share of the results of the joint ventures are as follow: 2014 RM’000 2013 RM’000 Revenue 6,118,126 8,787,684 Group’s share of results for the financial year 21,375 (85,596) Share of capital commitments of joint ventures 116,318 173,345 Summarised financial information for joint ventures Set out belows are details of the joint ventures of the Group as at 31 December 2014. The joint ventures as listed below have share capital consisting solely of ordinary shares and have financial years ending 31 December, except where stated and are measured by way of equity accounting other than Kuala Muda Joint Venture, which is based on their share of net assets. Name of companies Country of incorporation Group’s effective interest Nature of the business 2014 % 2013 % INDIRECT JOINT VENTURES Joint ventures of FGVD Felda Iffco Sdn. Bhd. Malaysia 50.0 50.0 (i) FGV Lipid Venture Sdn. Bhd. Malaysia 40.0 40.0 (ii) Joint ventures of Felda Global Ventures Livestocks Sdn. Bhd. Felda Iffco Allana (Malaysia) Sdn. Bhd. Malaysia 50.0 50.0 (iii) Joint venture of Felda Global Ventures Kalimantan Sdn. Bhd. Trurich Resources Sdn. Bhd. Malaysia 50.0 50.0 (iv) Felda Global Ventures Holdings Berhad pg 270 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014