FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 264 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 24 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in joint ventures. FISB Trurich FPG Insignificant in aggregate Total 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 2018 RM’000 2017 RM’000 Opening net assets 140,524 133,194 274,374 373,313 607,599 560,479 163,715 171,392 1,186,212 1,238,378 Profit/(loss) for the financial year 28,157 23,295 (144,791) (97,514) 48,302 97,120 9,694 (7,677) (58,638) 15,224 Dividend (13,859) (7,000) - - (70,000) (50,000) - - (83,859) (57,000) Other comprehensive loss (25,912) (8,965) (231) (1,425) - - 459 - (25,684) (10,390) Closing net assets 128,910 140,524 129,352 274,374 585,901 607,599 173,868 163,715 1,018,031 1,186,212 Interest in joint ventures 50% 50% 50% 50% 50% 50% 23%-51% 23%-51% - - Carrying value 64,455 70,262 64,676 137,187 292,951 303,800 66,093 74,524 488,175 585,773 Unrecognised share of loss - - - - - - (8,290) (1,622) (8,290) (1,622)