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Notes To The
Financial Statements
As at 31 March 2019
15. Investments in subsidiaries (cont’d.)
(a) Details of subsidiaries are as follows: (cont’d.)
Name of company
Country of
incorporation
Proportion of
ownership interest
Principal activities
2019
%
2018
%
Subsidiary of Next Oasis Sdn. Bhd.
Taka Worldwide Trading Sdn. Bhd. (i)
Malaysia
100
100 Oil palm plantation.
Etika Gangsa Sdn. Bhd. (i)
Malaysia
100
100 Oil palm plantation.
Subsidiary of FCB Eastern Plantations
Sdn. Bhd.
Ladang Bunga Tanjong Sdn. Bhd. (i)
Malaysia
80
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
(b) Financial information of a material subsidiary, PT Nunukan Jaya Lestari (“PTNJL”), 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
2019
2018
RM’000
RM’000
Non-current assets - Property, plant and equipment
49,103
27,695
Non-current assets - Others
2,594
3,550
Current assets - Cash and cash equivalents
27,984
31,809
Current assets - Others
45,488
43,411
Total assets
125,169
106,465
Current liabilities
15,360
19,500
Non-current liabilities
1,338
1,291
Total liabilities
16,698
20,791
Net assets
108,471
85,674
Equity attributable to equity holders of the company
108,471
85,674
financial
statements
149