FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 255 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (d) Summarised financial information on subsidiaries with material non-controlling interests (continued) Set out below are the summarised financial information for each subsidiary that has non-controlling interests that are material to the Group (other subsidiaries that have non-controlling interests are individually not significant). (continued) Summarised statements of cash flows MSM Malaysia Holdings Berhad Group Felda Palm Industries Sdn. Bhd. 31.12.2018 RM’000 31.12.2017 RM’000 31.12.2018 RM’000 31.12.2017 RM’000 Cash flow generated from/(used in) operations 172,001 (13,371) 163,176 131,941 Retirement benefits paid - - (1,457) (491) Zakat paid (1,500) - (1,612) (2,383) Income tax (paid)/refund (12,109) (18,348) 570 (20,277) Net cash generated from/(used in) operating activities 158,392 (31,719) 160,677 108,790 Net cash (used in)/generated from investing activities (297,573) (561,238) 127,874 (158,021) Net cash generated from/(used in) financing activities 86,983 434,202 (108,920) (52,521) Net (decrease)/increase in cash and cash equivalents (52,198) (158,755) 179,631 (101,752) Effect of foreign exchange rate changes 209 (9,029) - - Cash and cash equivalents at beginning of financial year 154,923 322,707 83,648 185,400 Cash and cash equivalents at end of financial year 102,934 154,923 263,279 83,648 23 INTERESTS IN ASSOCIATES Group 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 Share of net assets of associates 101,082 275,478 260,700