FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 310 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 58 SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD On 9 February 2018, the Board of Directors announced that the Joint Venture and Shareholders’ Agreement (“JVSA”) between Felda Global Ventures Downstream Sdn. Bhd. and Lipid Venture Sdn. Bhd. dated 13 November 2013 has been mutually terminated and shall have no further effect. The termination of this JVSA would not have any financial impact on the Company and its subsidiaries. 59 RESTATEMENT OF STATEMENTS OF COMPREHENSIVE INCOME During the financial year ended 31December 2017, the cocoa business which hadbeen classified as discontinuedoperation in the previous financial year, is no longer deemed as discontinued operation by the Group. Hence, the statements of comprehensive income for the financial year ended 31 December 2016 has been restated. 60 APPROVAL OF FINANCIAL STATEMENTS The financial statements have been approved for issue in accordance with a resolution of the Board of Directors on 16 April 2018.