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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