FGV Annual Report 2015

290 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 24 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures Set out belows are details of the joint ventures of the Group as at 31 December 2015. The joint ventures as listed below have share capital consisting solely of ordinary shares and have financial years ending 31 December, except where stated and are measured by way of equity accounting other than Kuala Muda Joint Venture, which is based on their share of net assets. Country of Group’s effective interest Nature of Name of companies incorporation 2015 (%) 2014 (%) business Indirect joint ventures Joint ventures of FGVD Felda Iffco Sdn. Bhd. Malaysia 50.0 50.0 (i) FGV Lipid Venture Sdn. Bhd. .^ Malaysia - 40.0 (ii) Joint ventures of Felda Global Ventures Livestocks Sdn. Bhd. Felda Iffco Allana (Malaysia) Sdn. Bhd. Malaysia 50.0 50.0 (iii) Joint venture of Felda Global Ventures Kalimantan Sdn. Bhd. Trurich Resources Sdn. Bhd. Malaysia 50.0 50.0 (iv) Joint ventures of FHB FPG Oleochemicals Sdn. Bhd. Malaysia 50.0 50.0 (v) Malaysia Pakistan Venture Sdn. Bhd. (30 June) α Malaysia 37.5 37.5 (vi) Mapak Edible Oils (Pvt) Ltd α (30 June) Pakistan 30.0 30.0 (vii) MEO Trading Sdn. Bhd. α Malaysia 30.0 30.0 (viii) FTJ Biopower Sdn. Bhd. α Malaysia 43.0 43.0 (ix) ProXcel Sdn. Bhd. α Malaysia 40.0 40.0 (x) Sahabat Renewable Fuel Ventures Sdn. Bhd. α Malaysia 36.7 36.7 (xi) MyBiomass Sdn. Bhd α Malaysia 23.1 23.1 (xii) FGV Pho La Min Co. Ltd. α Myanmar 51.0 51.0 (xiii) Indirect joint operation Kuala Muda Estate Joint Venture Malaysia 50.0 50.0 (xiv) There are no material contingent liabilities relating to the Group’s interest in the joint ventures.