FGV Annual Report 2015

287 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 23 INTERESTS IN ASSOCIATES Group 2015 2014 RM’000 RM’000 Share of net assets of associates 239,640 215,754 Summarised financial information in respect of the Group’s share of revenue, profit, assets and liabilities of its associates is set out below: Group 2015 2014 RM’000 RM’000 Revenue 553,318 470,707 Group’s share of results for the financial year 19,036 9,320 Share of capital commitments of associates 35,734 28,624 Set out below are details of the associates of the Group as at 31 December 2015. The associates as listed below have share capital consisting solely of ordinary shares, which are held directly and indirectly by the Group, have financial years ending 31 December, unless otherwise stated and are measured by way of equity accounting. Name of companies Place of business/ country of incorporation Group’s effective interest Nature of business 2015 (%) 2014 (%) Indirect associates Associates of FHB Taiko Clay Chemicals Sdn. Bhd. Malaysia 21.6 21.6 (i) Paragon Yield Sdn. Bhd. Malaysia 30.0 30.0 (ii) Nilai Education Sdn. Bhd. Malaysia 30.0 30.0 (iii) Title Winner Sdn. Bhd. Malaysia 7.3 7.3 (iv) FKW Global Commodities (PVT) Limited Malaysia 30.0 30.0 (v) Associate of PUP Malacca Plantation Sdn. Bhd. Malaysia 34.33 34.33 (vi) (i) Manufacturing and sale of activated bleaching earth (ii) Investment holding (iii) Management of an educational institute (iv) Under liquidation (v) Commodity trading (vi) Investment holding and cultivation of oil palm There are no material contingent liabilities relating to the Group’s interest in the associates.