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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
158
Name of subsidiaries
Country of
incorporation
Proportion of
ownership interest
Principal activities
2020
2019
%
%
Subsidiary of FCB Plantation Holdings Sdn. Bhd. (cont’d.)
R.N.E. Plantation Sdn. Bhd. (i)
Malaysia
70
70
Oil palm plantation.
FCB Eastern Plantations Sdn. Bhd. (i)
Malaysia
100
100 Oil palm plantation.
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 Ernst & Young PLT.
(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
2020
2019
RM’000
RM’000
Non-current assets - Property, plant and equipment
13,498
49,103
Non-current assets - Right-of-use assets
12,208
-
Non-current assets - Others
2,299
2,594
Current assets - Cash and cash equivalents
27,188
27,984
Current assets - Others
47,031
45,488
Total assets
102,224
125,169
Current liabilities
10,981
15,360
Non-current liabilities
1,596
1,338
Total liabilities
12,577
16,698
Net assets
89,647
108,471
Equity attributable to equity holders of the Company
89,647
108,471
17. Investments in subsidiaries (cont’d.)
(a) Details of subsidiaries are as follows: (cont’d.)