FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 258 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 23 INTERESTS IN ASSOCIATES (CONTINUED) Summarised financial information for associates (continued) Summarised statements of comprehensive income Taiko Insignificant in aggregate Total 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 Revenue 300,400 458,930 159,304 184,722 459,704 643,652 Profit from continuing operations (6,142) 110,728 (35,620) 19,192 (41,762) 129,920 Tax and zakat income/(expense) (16,841) (37,090) 23 1,312 (16,818) (35,778) Post-tax profit from continuing operations (22,983) 73,638 (35,597) 20,504 (58,580) 94,142 Other comprehensive loss - (9,271) - - - (9,271) Total comprehensive income (22,983) 64,367 (35,597) 20,504 (58,580) 84,871 Dividends received from associate - - 824 806 824 806 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 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 Opening net assets 567,962 503,595 360,130 347,654 928,092 851,249 (Loss)/profit for the financial year (22,983) 73,638 (35,597) 20,504 (58,580) 94,142 Dividend - - (2,424) (8,028) (2,424) (8,028) Other comprehensive loss - (9,271) - - - (9,271) Disposal (544,979) - - - (544,979) - Closing net assets - 567,962 322,109 360,130 322,109 928,092 Interest in associates - 30.0% 7% - 34% 7% - 34% - - Carrying value - 170,389 101,082 105,089 101,082 275,478 Unrecognised share of loss - - - - - -