FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 273 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 23 INTERESTS IN ASSOCIATES Group 2016 RM'000 2015 RM'000 Share of net assets of associates 260,700 239,640 Summarised financial information in respect of the Group's share of revenue, profit, assets and liabilities of its associates is set out below: Group 2016 RM'000 2015 RM'000 Revenue 570,262 553,318 Group's share of results for the financial year 29,767 19,036 Share of capital commitments of associates 23,016 35,734 Set out below are details of the associates of the Group as at 31 December 2016. 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 company Place of business/ country of incorporation Group's effective interest Nature of business 2016 % 2015 % 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) FKW Global Commodities (PVT) Limited Malaysia 30.0 30.0 (iv) Title Winner Sdn. Bhd. Malaysia - 7.3 (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) Commodity trading (v) Dissolved on 14 June 2016 (vi) Investment holding and cultivation of oil palm There are no material contingent liabilities relating to the Group's interests in the associates.