FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 300 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 36 ASSETS HELD FOR SALE The details of assets held for sale are as follows: Group 2016 RM'000 2015 RM'000 Assets Property, plant and equipment 21,936 16,420 Intangible assets 22,772 - Receivables 1,393 - Deposits, cash and bank balances 2,031 - Assets held for sale 48,132 16,420 Liabilities Payables 1,076 - Deferred tax liabilities 4,521 - Liabilities related to assets held for sale 5,597 - During the financial year, assets held for sale with carrying value of RM4,121,000 had been disposed off for a total consideration of RM5,535,000, resulting in a gain on disposal of RM1,414,000. During the financial year, the Board of the Company had approved a proposed divestment of the 70% equity interest in FGV Cambridge Nanosystems Limited ("FGV CNS"), an indirect subsidiary of the Company (Note 59(f)) which is expected to be completed in 2017.