FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 143 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 24 INTERESTS IN 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 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Opening net assets 108,028 107,106 88,484 94,345 196,512 201,451 Profit/(loss) for the financial year 1,307 9,322 (6,492) (1,807) (5,185) 7,515 Dividend (7,500) (8,400) (480) (904) (7,980) (9,304) Other comprehensive loss - - (4,511) (3,150) (4,511) (3,150) Closing net assets 101,835 108,028 77,001 88,484 178,836 196,512 Interest in associates 34.3% 34.3% 30% 30% 30%-34.3% 30%-34.3% Carrying value 34,960 37,086 23,100 26,545 58,060 63,631 Unrecognised share of loss - - - - - - 25 INTERESTS IN JOINT VENTURES Group 2023 RM’000 2022 RM’000 Share of net assets of joint ventures 593,623 567,412 The joint ventures’ revenue, Group’s share of results and capital commitments of its joint ventures are as follows: Group 2023 RM’000 2022 RM’000 Joint ventures’ revenue 7,057,799 9,539,137 Group’s share of results for the financial year 24,836 146,164 Share of capital commitments of joint ventures 97,365 53,022
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