FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 294 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 38 ASSETS HELD FOR SALE The details of assets held for sale are as follows: Group 31.12.2018 RM’000 31.12.2017 RM’000 1.1.2017 RM’000 Assets Property, plant and equipment 1,073 21,126 21,936 Intangible assets 2,027 48,905 22,772 Receivables 842 754 1,393 Deposits, cash and bank balances 887 1,454 2,031 Assets held for sale 4,829 72,239 48,132 Liabilities Payables 985 954 1,076 Deferred tax liabilities - 21,524 4,521 Liabilities related to assets held for sale 985 22,478 5,597 During the financial year, the assets held for sale relating to FGV Cambridge Nanosystems Ltd. ( “ FGVCNS ” ), an indirect subsidiary of the Company, of RM52,080,000 had been fully impaired and recognised in impairment of non-financial assets. The offers previously received for the sale of FGVCNS would unlikely to proceed as the financial ability of the potential buyers is now uncertain (31.12.2017 and 1.1.2017: no impairment on assets held for sale).