128 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 24 INTERESTS IN ASSOCIATES (CONTINUED) Summarised financial information for associates (continued) Summarised statements of comprehensive income Malacca Plantation Sdn. Bhd. Insignificant in aggregate Total 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Revenue 14,864 13,716 80,312 90,369 95,176 104,085 Profit/(loss) from continuing operations 9,322 9,672 (270) 3,533 9,052 13,205 Tax and zakat expense - - (1,537) (2,762) (1,537) (2,762) Profit from continuing operations 9,322 9,672 (1,807) 771 7,515 10,443 Other comprehensive (loss)/gain - - (3,150) 1,769 (3,150) 1,769 Total comprehensive gain/(loss) 9,322 9,672 (4,957) 2,540 4,365 12,212 Dividends received from associates 2,884 2,369 272 231 3,156 2,600 The information above reflects the figures after group adjustments on the amounts presented in the financial statements of the associates. 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 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Opening net assets 107,106 104,336 94,345 7,463 201,451 111,799 Profit/(loss) for the financial year 9,322 9,672 (1,807) 771 7,515 10,443 Dividend (8,400) (6,902) (904) (771) (9,304) (7,673) Other comprehensive (loss)/gain - - (3,150) 1,769 (3,150) 1,769 Transfer from assets held for sale - - - 85,113 - 85,113 Closing net assets 108,028 107,106 88,484 94,345 196,512 201,451 Interest in associates 34% 34% 30% 30% 30%-34% 30%-34% Carrying value 37,086 36,770 26,545 28,304 63,631 65,074 Unrecognised share of loss - - - - - -
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