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Annual Report 2017
173
Notes to the
financial statements
31 march 2017
17.
Investment in associates
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Unquoted shares, at cost
12,251
12,251
2,251
2,251
Share of post acquisition results
34,265
34,408
-
-
46,516
46,659
2,251
2,251
Details of the associates are described in Note 40.
The financial statements of the associates are coterminous with those of the Group, except for Giesecke & Devrient Malaysia
Sdn. Bhd. (“G&D”) which 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
2016 have been used and appropriate adjustments have been made for the effects of transactions between 31 December 2016
and 31 March 2017.
Summarised financial information in respect of Marushin Canneries (Malaysia) Sdn. Bhd. (“Marushin”) and G&D are set out
below. The summarised financial information represents the amounts in the financial statements of the associates and not the
Group’s share of those amounts.
(i)
Summarised statement of financial position
Marushin
G&D
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Assets and liabilities
Current assets - Inventories
35,329
38,094
38,060
56,619
Current assets - Others
10,029
12,572
32,975
17,471
Non-current assets
- Property, plant and equipment
1,865
2,086
207,978
191,285
Non-current assets - Others
344
397
-
4,171
Total assets
47,567
53,149
279,013
269,546
Current liabilities
24,831
27,933
1,061
44,377
Non-current liabilities
574
510
72,643
23,976
Total liabilities
25,405
28,443
73,704
68,353
Net assets
22,162
24,706
205,309
201,193