2018 UEM Edgenta Annual Report

17. INVESTMENT IN SUBSIDIARIES (CONT’D.) (e) Prior year disposal of a subsidiary (cont’d.) The value of the assets and liabilities disposed on 4 December 2017 are as follows: RM’000 Property, plant and equipment 75,847 Other intangible assets 10,194 Goodwill 191,375 Deferred tax assets 30,372 Receivables and other assets 394,258 Cash, bank balances and deposits 63,005 Borrowings (176,150) Payables and other liabilities (261,644) Total value of net assets disposed 327,257 Less: Non-controlling interest (108,447) Group’s share of net assets disposed 218,810 Cumulative foreign exchange differences reclassified to profit or loss 30,720 Consideration received, satisfied in cash 462,999 Gain on disposal of a subsidiary 274,909 The effect of the disposal on cash flows is as follows: RM’000 Consideration received, satisfied in cash 462,999 Less: Cash and cash equivalents of subsidiary disposed (58,002) Net cash inflows from disposal of a subsidiary 404,997 Summarised financial information Summarised financial information of KFM and Rimbunan Melati Sdn. Bhd. (“Rimbunan Melati”), which have non-controlling interests that are material to the Group, is set out below. The summarised financial information presented below is the amount before inter-company elimination. The non-controlling interests in respect of other entities within the Group are not material to the Group. (i) Summarised statements of financial position Rimbunan Melati KFM Total 2018 2017 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Non-current assets – 1 139,539 139,070 139,539 139,071 Current assets 24,339 25,179 123,889 113,144 148,228 138,323 Total assets 24,339 25,180 263,428 252,214 287,767 277,394 Non-current liabilities – – 105,975 108,181 105,975 108,181 Current liabilities 11,594 4,595 52,938 53,336 64,532 57,931 Total liabilities 11,594 4,595 158,913 161,517 170,507 166,112 Net assets 12,745 20,585 104,515 90,697 117,260 111,282 Equity attributable to owners of the Company 7,010 11,322 104,515 90,697 111,525 102,019 Non-controlling interests 5,735 9,263 – * –* 5,735 9,263 * At each reporting date, the non-controlling interest is derecognised against the equity arising from the put option issued to the non-controlling interest as if it was acquired at that date (Note 35(a)). Financial Review Stakeholder Information AGM Information 205 Governance Review of Sustainability Activities