FGV Annual Report 2015

346 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 58 ADJUSTMENT TO PURCHASE PRICE ALLOCATION FOR ACQUISITION OF SUBSIDIARY During the financial year, the Company completed the purchase price allocation of the assets and liabilities of Asian Plantations Limited, a wholly-owned subsidiary acquired in previous financial year. The effects of prior year restatement on the Group’s financial statements are as follows: As previously reported Effect of prior year restatement As restated RM’000 RM’000 RM’000 Statements of financial position as at 31 December 2015 Non-current assets Property, plant and equipment 6,348,754 (38,430) 6,310,324 Intangible assets 1,534,397 12,919 1,547,316 Biological assets 2,777,245 14,724 2,791,969 Non-current liability Deferred tax liabilities (734,185) 10,787 (723,398) 59 APPROVAL OF FINANCIAL STATEMENTS The financial statements have been approved for issue in accordance with a resolution of the Board of Directors on 29 March 2016.