AUDITED FINANCIAL STATEMENTS 2022 131 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 25 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) Summarised statements of comprehensive income FISB FPG Insignificant in aggregate Total 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Revenue 6,123,646 4,645,743 2,689,540 1,835,023 725,951 694,638 9,539,137 7,175,404 Depreciation and amortisation (23,949) (29,182) (16,431) (14,962) - - (40,380) (44,144) Interest expense (40,364) (26,268) (5,875) (1,928) - - (46,239) (28,196) Profit before taxation 153,142 16,133 177,613 53,665 63,161 69,877 393,916 139,675 Tax expense (16,105) (11,409) (47,697) (13,746) (21,033) (23,595) (84,835) (48,750) Profit for the financial year 137,037 4,724 129,916 39,919 42,128 46,282 309,081 90,925 Other comprehensive gain/(loss) 7,867 (4,011) - - (36,304) 4,230 (28,437) 219 Total comprehensive income 144,904 713 129,916 39,919 5,824 50,512 280,644 91,144 Dividends received from joint ventures 20,001 - - 15,000 6,427 2,986 26,428 17,986 The information above reflects the figures after group adjustments on the amounts presented in the financial statements of the joint ventures. Reconciliation of summarised financial information Reconciliation of the summarised financial information presented to the carrying amount of its interest in joint ventures. FISB FPG Insignificant in aggregate Total 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Opening net assets 138,097 137,384 625,122 615,203 262,127 226,760 1,025,346 979,347 Profit for the financial year 137,037 4,724 129,916 39,919 42,128 46,282 309,081 90,925 Dividend (40,003) - - (30,000) (17,524) (9,953) (57,527) (39,953) Other comprehensive loss 7,867 (4,011) - - (36,304) 4,230 (28,437) 219 Dissolvement - - - - - (5,192) - (5,192) Closing net assets 242,998 138,097 755,038 625,122 250,427 262,127 1,248,463 1,025,346 Interest in joint ventures 50% 50% 50% 50% 37.5%- 50% 37.5%- 50% 37.5%- 50% 37.5%- 50% Carrying value 121,499 69,049 377,519 312,561 68,394 73,104 567,412 454,714 Unrecognised share of loss - - - - - - - -
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