FGV Audited Financial Statements 2020

25 INTERESTS IN ASSOCIATES (CONTINUED) Summarised financial information for associates (continued) Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interests in associates Malacca Plantation Sdn. Bhd. Insignificant in aggregate Total 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Opening net assets 111,809 112,255 5,942 209,854 117,751 322,109 Profit/(loss) for the financial year 2,281 2,554 1,808 (8,878) 4,089 (6,324) Dividend (9,754) (3,000) (296) (456) (10,050) (3,456) Other comprehensive gain/(loss) - - 9 (3,522) 9 (3,522) Disposal - - - (101,378) - (101,378) Transfer to assets held for sale - - - (89,678) - (89,678) Closing net assets 104,336 111,809 7,463 5,942 111,799 117,751 Interest in associates 34% 34% 30% 30% 30%-34% 30%-34% Carrying value 35,819 37,974 2,239 1,783 38,058 39,757 Unrecognised share of loss - - - - - - 26 INTERESTS IN JOINT VENTURES Group 2020 RM’000 2019 RM’000 Share of net assets of joint ventures 452,896 448,414 Accumulated impairment losses (11,350) (11,350) 441,546 437,064 134 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020