FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 259 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 24 INTERESTS IN JOINT VENTURES Group 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 Share of net assets of joint ventures 499,525 595,773 635,627 Accumulated impairment losses (11,350) (10,000) (7,556) 488,175 585,773 628,071 The joint ventures’ revenue, Group’s share of results and capital commitments of its joint ventures are as follows: 2018 RM’000 2017 RM’000 Revenue 5,326,294 7,624,256 Group’s share of results for the financial year (29,324) 6,188 Share of capital commitments of joint ventures 4,446 8,814 During the financial year, the Group fully impaired its investment in MyBiomass Sdn. Bhd. amounting to RM1,350,000 (2017: RM2,444,000).