FGV Annual Report 2015

283 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES 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) (iii) The effects of the acquisition of APL is as follows: (continued) The effects of the acquisition of APL on the financial results of the Group in previous financial year is shown below: RM’000 Revenue 11,219 Cost of sales (13,798) Gross loss (2,579) Other operating income 209 Administrative expenses (1,168) Other operating expenses (8,170) Finance costs (4,272) Loss before taxation (15,980) Taxation 46 Loss after taxation (15,934) The effect of the acquisition of APL on the financial results of the Group in previous financial year had the acquisition taken effect at the beginning of the previous financial year is shown below: RM’000 Revenue 113,117 Cost of sales (127,726) Gross loss (14,609) Other operating income 709 Administrative expenses (19,554) Other operating expenses (31,907) Finance costs (39,726) Loss before taxation (105,087) Taxation 4,163 Loss after taxation (100,924) (iv) The total net cash outflows on acquisitions of subsidiaries in previous financial year are as follows: RM’000 GP 29,693 PT TAA 14,331 APL 548,994 593,018