FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 245 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 22 INTERESTS IN ASSOCIATES (CONTINUED) Summarised financial information for associates (continued) Summarised statements of comprehensive income Taiko Insignificant in aggregate Total 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Revenue 458,930 393,900 184,722 176,362 643,652 570,262 Profit from continuing operations 110,728 110,953 34,424 55,549 145,152 166,502 Tax and zakat expense (37,090) (22,888) 1,312 115 (35,778) (22,773) Post-tax profit from continuing operations 73,638 88,065 35,736 55,664 109,374 143,729 Other comprehensive (loss)/income (9,271) (8,891) - - (9,271) (8,891) Total comprehensive income 64,367 79,174 35,736 55,664 100,103 134,838 Dividends received from associate - 3,000 806 3,360 806 6,360 The information above reflects the figures after group adjustments on the amounts presented in the financial statements of 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 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Opening net assets 503,595 434,421 436,457 390,781 940,052 825,202 Profit for the financial year 73,638 88,065 35,736 55,664 109,374 143,729 Dividend - (10,000) (8,027) (9,988) (8,027) (19,988) Other comprehensive (loss)/income (9,271) (8,891) - - (9,271) (8,891) Closing net assets 567,962 503,595 464,166 436,457 1,032,128 940,052 Interest in associates 30.0% 30.0% 7%-34% 7%-34% - - Carrying value 170,389 151,079 105,089 109,621 275,478 260,700 Unrecognised share of loss - - - - - -