FGV Annual Report 2015

289 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 (CONTINUED) Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in associates. Taiko Insignificant in aggregate Total 2015 2014 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Opening net assets 360,828 332,710 325,725 305,034 686,553 637,744 Profit for the year 55,550 33,769 18,144 21,591 73,694 55,360 Dividend - (10,000) (900) (900) (900) (10,900) Other comprehensive income 18,043 4,349 - - 18,043 4,349 Closing net assets before group adjustments 434,421 360,828 342,969 325,725 777,390 686,553 Opening group adjustments 140,321 - 82,032 98,252 222,353 98,252 Others 29,906 140,321 - (16,220) 29,906 124,101 Closing group adjustments 170,227 140,321 82,032 82,032 252,259 222,353 Closing net assets 604,648 501,149 425,001 407,757 1,029,649 908,906 Interest in associates 21.6% 21.6% 7%-34% 7%-34% - - Carrying value 130,604 108,248 109,037 107,506 239,640 215,754 Unrecognised share of loss - - (1,048) (1,046) (1,048) (1,046) 24 INTERESTS IN JOINT VENTURES Group 2015 2014 RM’000 RM’000 Share of net assets of joint ventures 698,166 745,042 The Group’s share of the results of the joint ventures are as follow: 2015 2014 RM’000 RM’000 Revenue 5,195,210 6,118,126 Group’s share of results for the financial year 50,402 21,375 2015 2014 RM’000 RM’000 Share of capital commitments of joint ventures 28,381 116,318