146 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 25 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) Summarised statements of comprehensive income FISB FPG Insignificant in aggregate Total 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Revenue 4,815,425 6,123,646 1,535,018 2,689,540 707,356 725,951 7,057,799 9,539,137 Depreciation and amortisation (18,660) (23,949) (17,066) (16,431) - - (35,726) (40,380) Interest expense (25,756) (40,364) (2,187) (5,875) - - (27,943) (46,239) Profit before taxation 24,022 153,142 32,050 177,613 61,631 63,161 117,703 393,916 Tax expense (19,094) (16,105) (9,188) (47,697) (24,840) (21,033) (53,122) (84,835) Profit for the financial year 4,928 137,037 22,862 129,916 36,791 42,128 64,581 309,081 Other comprehensive gain/(loss) 55,906 7,867 - - (47,662) (36,304) 8,244 (28,437) Total comprehensive income/(loss) 60,834 144,904 22,862 129,916 (10,871) 5,824 72,825 280,644 Dividends received from joint ventures 10,001 20,001 - - 2,324 6,427 12,325 26,428 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 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Opening net assets 242,998 138,097 755,038 625,122 250,427 262,127 1,248,463 1,025,346 Profit for the financial year 4,928 137,037 22,862 129,916 36,791 42,128 64,581 309,081 Dividend (20,002) (40,003) - - (7,747) (17,524) (27,749) (57,527) Other comprehensive gain/(loss) 55,906 7,867 - - (47,662) (36,304) 8,244 (28,437) Closing net assets 283,830 242,998 777,900 755,038 231,809 250,427 1,293,539 1,248,463 Interest in joint ventures 50% 50% 50% 50% 30%-50% 30%-50% 30%-50% 30%-50% Carrying value 141,914 121,499 388,950 377,519 62,759 68,394 593,623 567,412 Unrecognised share of loss - - - - - - - -
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