FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 261 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 24 INTERESTS IN JOINT VENTURES (CONTINUED) Name of company Country of incorporation Group’s effective interest Nature of business 31.12.2018 % 31.12.2017 % 1.1.2017 % Indirect joint operation Kuala Muda Estate Joint Venture Malaysia 50.0 50.0 50.0 (xii) There are no material contingent liabilities relating to the Group’s interest in the joint ventures. (i) Refining, processing and packing of palm oil based products (ii) Oil palm plantation operation (iii) Processing and selling of oleochemical products (iv) Investment holding (v) Manufacturing and marketing of finished customer and industrial palm oil products (vi) Futures trading (vii) Developing, constructing, operating and maintaining a power plant (viii) Under liquidation (ix) Disposed on 22 March 2017. The disposal effect is immaterial to the Group. (x) Aggregation of biomass, identification of the technology to convert palm-based biomass into High Value Green Chemicals/Products and commercialisation of the technologies (xi) Technical advisory services in agriculture sector (xii) Cultivation of oil palms # The Group treated these entities as joint ventures as the shareholder agreements require unanimous consent over decisions about relevant activities among the partners. The joint venture companies above are private companies and have no quoted market price available for their shares. There are no material contingent liabilities relating to the Group’s interest in the joint ventures.