FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 281 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 24 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in joint ventures. FISB Trurich FPG Insignificant in aggregate Total 2016 RM'000 2015 RM'000 (Restated) 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 (Restated) Opening net assets, as previously stated 298,154 268,308 376,901 390,492 470,874 565,479 182,562 184,396 1,328,491 1,408,675 Effects of correction in error due to fraud losses (73,638) (52,878) - - - - - - (73,638) (52,878) Opening net assets, as restated 224,516 215,430 376,901 390,492 470,874 565,479 182,562 184,396 1,254,853 1,355,797 Profit/(loss) for the year (64,456) 44,063 (22,821) (22,814) 20,028 55,395 9,145 2,377 (58,104) 79,021 Dividend - - - - (20,000) (150,000) (4,414) (4,211) (24,414) (154,211) Other comprehensive (loss)/income 2,926 (34,977) 6,383 9,223 - - - - 9,309 (25,754) Closing net assets before group adjustments 162,986 224,516 360,463 376,901 470,902 470,874 187,293 182,562 1,181,644 1,254,853 Opening group adjustments (44,167) (45,298) 19,110 17,376 116,505 131,037 84,361 90,161 175,809 193,276 Fair value adjustments - - - - (19,720) - 80,309 - 60,589 - Reversal of Impairment - - - - - - (5,800) - (5,800) Others 14,375 1,131 (6,260) 1,734 (7,208) (14,532) - - 907 (11,667) Closing group adjustments (29,792) (44,167) 12,850 19,110 89,577 116,505 164,670 84,361 237,205 175,809 Closing net assets 133,194 180,349 373,313 396,011 560,479 587,379 351,963 266,923 1,418,949 1,430,662 Interest in joint ventures 50% 50% 50% 50% 50% 50% 23%-51% 23%-51% - - Carrying value 66,597 90,175 186,657 198,006 280,240 293,690 94,577 79,476 628,071 661,347 Unrecognised share of loss - - - - - - (10,427) (7,674) (10,427) (7,674)