FGV Annual Report 2015

240 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 15 PROFIT/(LOSS) FROM DISCONTINUED OPERATIONS Financial year ended 31 December 2015 (i) Disposal of Twin Rivers Technologies Enterprises De Transformation De Graines Oleagineuses Du Quebec Inc. (“TRT ETGO”) On 3 November 2015, the Group had disposed Twin Rivers Technologies Enterprises De Transformation De Graines Oleagineuses Du Quebec Inc. (“TRT ETGO”), an indirect wholly-owned subsidiary of the Group for a total consideration of CAD172.15 million (RM567.1 million) which resulted in a gain on disposal of RM13.02 million (Note 22(b)(iii)). (ii) Cessation of Malaysia Cocoa Manufacturing Sdn. Bhd. In 2013, the Group approved a proposal to exit the cocoa business of its wholly-owned subsidiary company, Malaysia Cocoa Manufacturing Sdn. Bhd. (“MCM”). Operations ceased with effect from 1 September 2014 and certain property, plant and equipment were reclassified as assets held for sale. (iii) The results of the discontinued operations are as follows: 2015 2014 RM’000 RM’000 (Restated) Revenue 913,136 1,139,172 Cost of sales (960,169) (1,230,277) Gross loss (47,033) (91,105) Reversal of impairment loss on property, plant and equipment 133,392 - Other operating income 14,062 142 Administrative expenses (11,792) (41,082) Other operating expenses (87) (905) Other losses – net (6,344) (4,009) Finance costs (7,556) (4,594) Finance income 14 21 Profit/(loss) before taxation 74,656 (141,532) Taxation (13) - Profit/(loss) for the financial year 74,643 (141,532)