149 / 188
145
NOTES TO THE FINANCIAL STATEMENTS
F i m a C o r p o r at i o n B e r h a d ( 2 1 1 8 5 - P ) •
A n n u a l R e p o r t 2 0 1 8
17. INVESTMENT IN ASSOCIATE
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Unquoted shares, at cost
10,000
10,000
10,000
10,000
Share of post acquisition results
30,845
31,061
-
-
40,845
41,061
10,000
10,000
Details of the associate, which is incorporated in Malaysia, are as follows:
Group’s effective interest
Name of Associate
2018
2017 Principal Activities
%
%
Giesecke & Devrient Malaysia Sdn. Bhd.
20
20
Production and sale of bank notes
The financial statements of Giesecke & Devrient Malaysia Sdn. Bhd. (“G&D”) is not coterminous with those of the Group as
G&D has a financial year end of 31 December to conform with its holding company’s financial year end. For the purpose of
applying the equity method of accounting, the financial statements of G&D for the year ended 31 December 2017 have been
used and appropriate adjustments have been made for the effects of transactions between 31 December 2017 and 31 March
2018.
Summarised financial information in respect of G&D is set out below. The summarised financial information represents the
amounts in the financial statements of the associate and not the Group’s share of those amounts.
(i)
Summarised statement of financial position
2018
2017
RM’000
RM’000
Assets and liabilities
Current assets
79,654
71,035
Non-current assets
189,977
207,978
Total assets
269,631
279,013
Current liabilities
32,762
44,374
Non-current liabilities
32,643
29,330
Total liabilities
65,405
73,704
Net assets
204,226
205,309