FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 251 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 23 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 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Opening net assets 133,194 224,516 373,313 376,901 560,479 470,874 351,963 182,562 1,418,949 1,254,853 Profit/(loss) for the financial year 23,295 (94,248) (97,514) (9,971) 97,120 109,605 (54,983) 173,815 (32,082) 179,201 Dividend (7,000) - - - (50,000) (20,000) - (4,414) (57,000) (24,414) Other comprehensive (loss)/income (8,965) 2,926 (1,425) 6,383 - - - - (10,390) 9,309 Closing net assets 140,524 133,194 274,374 373,313 607,599 560,479 296,980 351,963 1,319,477 1,418,949 Interest in joint ventures 50% 50% 50% 50% 50% 50% 23%-51% 23%-51% - - Carrying value 70,262 66,597 137,187 186,657 303,800 280,240 74,524 94,577 585,773 628,071 Unrecognised share of loss - - - - - - (1,622) (10,427) (1,622) (10,427)