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Annual Report 2020
183
Notes to the Financial Statements
As at 31 March 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
17. Investment in subsidiaries
Company
2020
RM’000
2019
RM’000
Unquoted ordinary shares, at cost
In Malaysia
160,913
160,913
Outside Malaysia
44,415
44,415
205,328
205,328
Redeemable preference shares
202,321
-
Advances to subsidiaries
12,167
14,399
419,816
219,727
Less: Accumulated impairment losses
(22,238)
(21,855)
397,578
197,872
Details of the subsidiaries are described in Note 44.
The summarised financial information (before intra-group elimination) for Fima Corporation Berhad and its subsidiaries
(“FCB Group”) and International Food Corporation Limited (“IFC”) that has non-controlling interest that are material to
the Group are as follows:
(i)
Summarised statement of financial position
FCB Group
IFC
2020
RM’000
2019
RM’000
2020
RM’000
2019
RM’000
Non-current assets
276,854
292,615
41,029
35,846
Cash and cash equivalents
47,551
57,855
49,312
15,587
Other current assets
306,270
323,257
61,314
75,261
Total assets
630,675
673,727
151,655
126,694
Non-current liabilities
(20,878)
(23,502)
(6,615)
(1,952)
Current liabilities
(43,807)
(53,067)
(61,690)
(54,297)
Total liabilities
(64,685)
(76,569)
(68,305)
(56,249)
Net assets
565,990
597,158
83,350
70,445
Equity attributable to equity holders of the
company
547,243
573,775
83,350
70,445
(ii) Summarised statement of comprehensive income
Revenue
243,127
244,720
126,170
124,013
Profit for the financial year
8,807
65,326
9,959
4,666
Other comprehensive (loss)/income
(8,535)
1,953
-
-
Total comprehensive income
272
67,279
9,959
4,666
Dividends paid to non-controlling interests
11,560
15,488
-
-