FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 275 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 23 INTERESTS IN ASSOCIATES (CONTINUED) Summarised financial information for associates (continued) Summarised statements of comprehensive income Taiko Insignificant in aggregate Total 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Revenue 393,900 373,242 176,362 180,076 570,262 553,318 Interest expense (3,477) (4,370) (309) (309) (3,786) (4,679) Profit from continuing operations 77,685 79,057 21,779 20,698 99,464 99,755 Tax and zakat expense (22,888) (23,507) 115 (2,554) (22,773) (26,061) Post-tax profit from continuing operations 54,797 55,550 21,894 18,144 76,691 73,694 Other comprehensive (loss)/income (8,891) 18,043 - - (8,891) 18,043 Total comprehensive income 45,906 73,593 21,894 18,144 67,800 91,737 Dividends received from associate 10,000 - 9,988 900 19,988 900 The information above reflects the amounts presented in the financial statements of the associates (and not the Group's share of those amounts) adjusted for differences in accounting policies between the Group and the associates. Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interests in associates. Taiko Insignificant in aggregate Total 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Opening net assets 434,421 360,828 342,969 325,725 777,390 686,553 Profit for the year 54,797 55,550 21,894 18,144 76,691 73,694 Dividend (10,000) - (9,988) (900) (19,988) (900) Other comprehensive (loss)/income (8,891) 18,043 - - (8,891) 18,043 Closing net assets before group adjustments 470,327 434,421 354,875 342,969 825,202 777,390 Opening group adjustments 170,227 140,321 82,032 82,032 252,259 222,353 Others 58,885 29,906 (450) - 58,435 29,906 Closing group adjustments 229,112 170,227 81,582 82,032 310,694 252,259 Closing net assets 699,439 604,648 436,457 425,001 1,135,896 1,029,649 Interest in associates 21.6% 21.6% 7%-34% 7%-34% - - Carrying value 151,079 130,604 109,621 109,037 260,700 239,640 Unrecognised share of loss - - - (1,048) - (1,048)