133
ANNUAL REPORT 2016
NOTES TOTHE FINANCIAL STATEMENTS
30 JUNE 2016
(Continued)
11. INTERESTS IN ASSOCIATES (continued)
(b)
The reconciliation of net assets of the associates to the carrying amount of the investments in associates are as follows (continued):
2015
SGSB
RM’000
BVG
and
BBKG
RM’000
PRCG
RM’000
MBSB
RM’000
Total
RM’000
Share of net assets/(liabilities) of the Group
309
(5,730)
558
(82)
(4,945)
Loan to an associate
-
4,855
-
-
4,855
Goodwill
-
7,276
-
-
7,276
Gain on dilution of interest
-
-
(461)
-
(461)
Unrecognised share of other reserves
-
(1,805)
-
-
(1,805)
Unrecognised share of losses of associates
43
6,949
-
82
7,074
43
17,275
(461)
82
16,939
Less: Share by non-controlling interests
-
(2,456)
-
-
(2,456)
43
14,819
(461)
82
14,483
352
9,089
97
-
9,538
Less: Impairment losses
(352)
(9,089)
-
-
(9,441)
Carrying amount in the statement of financial
position
-
-
97
-
97
Share of results of the Group
Share of (loss)/profit of the Group
(306)
-
97
-
(209)
Share of other comprehensive income of the
Group
-
-
-
-
-
Share of total comprehensive (loss)/income of
the Group
(306)
-
97
-
(209)
Other information
Dividend received
-
-
-
-
-
(c)
During the financial year 2016, the cumulative unrecognised share of losses of associates amounted to RM1,213,000 (2015:
RM7,074,000), and the net decrease in unrecognised share of losses amounted to RM5,861,000 (2015: Net increase of RM1,787,000).
The Group has stopped recognising its share of losses since there is no further obligation in respect of those losses using the equity
method of accounting.
12. OTHER INVESTMENTS
Group
2016
RM’000
2015
RM’000
Non-current assets
Available-for-sale financial assets
- Club memberships
1,298
1,137
Information on the fair value hierarchy is disclosed in Note 37(d) to the financial statements.
