PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 134 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 12. INVESTMENTS IN JOINT VENTURES (continued) The summarised financial information of the joint ventures, adjusted for any differences in accounting policies, are as follows: TNV PRGA Total 2019 RM’000 RM’000 RM’000 Assets and liabilities Non-current assets 134 36 170 Current assets 2,585 276 2,861 Current liabilities (498) (377) (875) Net assets/(liabilities) 2,221 (65) 2,156 Proportion of the ownership of the Group 50% 55% Carrying amount of the investments in joint ventures (including goodwill) 1,111 - 1,111 Results Revenue 4,050 5,569 9,619 Profit/(Loss) before tax 693 (90) 603 Tax expense (104) - (104) Profit/(Loss) after tax 589 (90) 499 Other comprehensive loss (42) - (42) Total comprehensive income/(loss) 547 (90) 457 Share of results by the Group for the financial year Share of profit/(loss) by the Group for the financial year 294 (49) 245 Share of other comprehensive loss by the Group for the financial year (21) - (21) 273 (49) 224 Other information Dividend income 309 - 309 2018 Assets and liabilities Non-current assets 164 50 214 Current assets 2,803 1,986 4,789 Current liabilities (674) (2,012) (2,686) Net assets 2,293 24 2,317 Proportion of the ownership of the Group 50% 55% Carrying amount of the investments in joint ventures (including goodwill) 1,146 3,953 5,099