PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 135 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 (continued): TNV PRGA Total 2018 RM’000 RM’000 RM’000 Results Revenue 3,884 3,084 6,968 Profit/(Loss) before tax 782 (106) 676 Tax expense (117) (208) (325) Profit/(Loss) after tax 665 (314) 351 Other comprehensive loss (8) - (8) Total comprehensive income/(loss) 657 (314) 343 Share of results by the Group for the financial year Share of profit/(loss) by the Group for the financial year 333 (173) 160 Share of other comprehensive loss by the Group for the financial year (4) - (4) 329 (173) 156 Other information Dividend income 291 - 291 The reconciliation of net assets of the joint ventures to the carrying amount of the investments in joint ventures are as follows: TNV PRGA Total RM’000 RM’000 RM’000 2019 Share of net assets/(liabilities) 1,111 (36) 1,075 Goodwill - 3,939 3,939 Less: Impairment loss - (3,903) (3,903) Carrying amount in the statements of financial position 1,111 - 1,111 2018 Share of net assets 1,146 14 1,160 Goodwill - 3,939 3,939 Carrying amount in the statements of financial position 1,146 3,953 5,099 The joint ventures had no contingent liabilities and capital commitments as at 31 December 2019 and 31 December 2018.