PRG Holdings Berhad Annual Report 2020

PRG HOLDINGS BERHAD 134 13. 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 2019 RM’000 RM’000 RM’000 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 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 2020 Share of net assets 1,414 - 1,414 Goodwill - - - Less: Impairment loss - - - Carrying amount in the statements of financial position - - 1,414 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 The joint ventures had no contingent liabilities and capital commitments as at 31 December 2020 and 31 December 2019. Notes to the Financial Statements 31 December 2020 cont’d