FGV Annual Report 2015

280 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (c) Incorporation and acquisitions of subsidiaries in previous financial year (continued) (i) The effects of the acquisition of GP is as follows: (continued) The effects of the acquisition of GP on the financial results of the Group in previous financial year, and had the acquisition taken effect at the beginning of the previous financial year is shown below: RM’000 Revenue 3,195 Cost of sales (28) Gross profit 3,167 Administrative expenses (6,493) Finance income 172 Finance costs (15) Loss before taxation (3,169) Taxation 62 Loss after taxation (3,107) (ii) The effects of the acquisition of PT TAA is as follows: Carrying value Fair value RM’000 RM’000 Intangible assets under development 80 26,445 Biological assets 7,510 1,931 Property, plant and equipment 1,260 1,260 Cash and cash equivalents 1,018 1,018 Other receivables 142 142 Trade payables (18,223) (13) Other payables (28) (28) Deferred tax liabilities - (5,093) Total net liabilities/assets acquired (8,241) 25,662 Non-controlling interests 419 (1,255) (7,822) 24,407