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267

UEM EDGENTA BERHAD

2016 ANNUAL REPORT

ABOUT

UEM EDGENTA

STRIVING

FOR GROWTH

PERFORMANCE

REVIEW

CORPORATE

FRAMEWORK

LEADERSHIP

SUSTAINABILITY

STATEMENT

TRANSPARENCY

FINANCIAL

REVIEW

ACCOUNTABILITY

18. INVESTMENT IN JOINT VENTURES AND ASSOCIATES

(a) Investment in joint ventures

Group

2016

RM’000

2015

RM’000

Unquoted shares, at cost

12,167

12,167

Share of post-acquisition reserves

(7,895)

(8,464)

4,272

3,703

Less: Accumulated impairment loss

(3,910)

Exchange differences

2,031

2,111

2,393

5,814

All joint ventures have been determined to be individually not material to the Group. Further details of the joint

ventures are disclosed in Note 44.

The summarised financial information of the aggregated joint ventures, not adjusted for the proportion of

ownership interest held by the Group, is as follows:

2016

RM’000

2015

RM’000

Asset and liabilities

Current assets

54,408

65,056

Non-current assets

5,554

6,127

Total assets

59,962

71,183

Current liabilities

52,411

58,637

Non-current liabilities

7,239

6,295

Total liabilities

59,650

64,932

Net asset

312

6,251

Carrying value of Group’s interest in joint venture

2,393

5,814

Results

Revenue

219,462

220,502

Profit/(loss) for the year

5,179

(6,058)

Group’s share of profit/(loss) for the year

1,132

(4,269)