146 / 188
142
NOTES TO THE FINANCIAL STATEMENTS
F I N A N C I A L S TAT E M E N T S
16. INVESTMENTS IN SUBSIDIARIES (CONT’D.)
(a)
Details of subsidiaries are as follows (Cont’d.):
Proportion of
Country of
ownership interest
Name of Company
Incorporation
2018
2017
Principal Activities
%
%
Subsidiary of Next Oasis Sdn.
Bhd.
Taka Worldwide Trading
Sdn. Bhd. (i)
Malaysia
100
89 Oil palm plantation.
Etika Gangsa Sdn. Bhd. (i)
Malaysia
100
89 Oil palm plantation.
Subsidiary of FCB Eastern
Plantations Sdn. Bhd.
Ladang Bunga Tanjong
Sdn. Bhd. (iii)
Malaysia
80
-
Oil palm plantation.
(i)
Audited by Hanafiah Raslan & Mohamad, a member of Ernst & Young Global
(ii)
Audited by member firms of Ernst & Young Global in Jakarta
(iii)
Audited by firm other than member of Ersnt & Young Global
(iv) Formerly known as Java Plantations Sdn. Bhd. (“JPSB”)
(b)
Financial information of a material subsidiary, PT Nunukan Jaya Lestari, which has a non-controlling interests is set out
below. The summarised financial information presented below is the amount before inter-company elimination.
(i)
Summarised statement of financial position
2018
2017
RM’000
RM’000
Non-current assets - Biological assets
9,437
12,692
Non-current assets - Others
21,808
25,819
Current assets - Cash and cash equivalents
31,809
51,797
Current assets - Others
41,280
39,608
Total assets
104,334
129,916
Current liabilities
19,500
17,708
Non-current liabilities
1,291
1,319
Total liabilities
20,791
19,027
Net assets
83,543
110,889
Equity attributable to equity holders of the company
83,543
110,889