FGV Annual Report 2014

24 Interests in Joint Ventures (continued) Summarised financial information for joint ventures (continued) Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in joint ventures. FISB Trurich FPG Bunge Etgo Insignificant in aggregate Total 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Opening net assets 231,087 201,545 243,632 343,593 599,134 – – 219,496 181,939 164,540 1,255,792 929,174 (Loss)/profit for the year (7,468) (43,669) (7,861) (56,055) 41,345 – – (55,381) 21,750 17,399 47,766 (137,706) Dividend – – – – (75,000) – – – (19,293) – (94,293) – Other comprehensive income 44,689 73,211 (5,279) (43,906) – – – – – – 39,410 29,305 Acquisition/(disposal) – – 160,000 – – 599,134 – (164,115) – – 160,000 435,019 Closing net assets before group adjustments 268,308 231,087 390,492 243,632 565,479 599,134 – – 184,396 181,939 1,408,675 1,255,792 Opening group adjustments (141,994) (62,935) (17,220) (19,692) 153,385 – – – 103,951 – 98,122 (82,627) Fair value adjustments – – – – (19,720) 151,692 – – – 103,951 (19,720) 255,643 Impairment 137,314 (87,314) – – – – – – – – 137,314 (87,314) Others (40,618) 8,255 34,596 2,472 (2,628) 1,693 – – (13,790) – (22,440) 12,420 Closing group adjustments (45,298) (141,994) 17,376 (17,220) 131,037 153,385 – – 90,161 103,951 193,276 98,122 Closing net assets 223,010 89,093 407,868 226,412 696,516 752,519 – – 274,557 285,890 1,601,951 1,353,914 Interest in associates 50% 50% 50% 50% 50% 50% – – 23%-51% 23%-51% – – Goodwill – – – – – – – – – – – – Carrying value 111,505 44,547 203,934 113,206 348,258 376,260 – – 81,345 100,749 745,042 634,762 Unrecognised share of loss – – – – – – – – (7,854) 3,029 (7,854) 3,029 Felda Global Ventures Holdings Berhad pg 274 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014