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Notes To The
Financial Statements
As at 31 March 2019
16. Investment in associate
Group
Company
2019
2018
2019
2018
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
21,274
30,845
-
-
31,274
40,845
10,000
10,000
Details of the associate, which is incorporated in Malaysia, are as follows:
Name of associate
Group’s effective
interest
Principal activities
2019
%
2018
%
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 2018 have been used and appropriate adjustments have been made for the effects of
transactions between 31 December 2018 and 31 March 2019.
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
2019
2018
RM’000
RM’000
Assets and liabilities
Current assets
76,225
79,654
Non-current assets
191,501
189,977
Total assets
267,726
269,631
Current liabilities
41,592
32,762
Non-current liabilities
69,763
32,643
Total liabilities
111,355
65,405
Net assets
156,371
204,226
financial
statements
153