Tropicana Corporation Berhad Annual Report 2019

20. INVESTMENTS IN JOINT VENTURES (CONT’D.) (a) Summarised financial information of joint venture that is material to the Group is set out below. The summarised financial information represents the amounts in the financial statements of the joint venture and not the Group’s share of those amounts. The other joint venture is not material to the Group. (i) Summarised statement of financial position TDCSB 2019 2018 RM’000 RM’000 Non-current assets 468,313 464,192 Current assets 157,978 74,339 Non-current liabilities (48,019) (16,844) Current liabilities (68,108) (41,257) Net assets 510,164 480,430 (ii) Summarised statement of comprehensive income TDCSB 2019 2018 RM’000 RM’000 Revenue 88,974 16,709 Profit before tax 23,836 3,216 Profit after tax, representing total comprehensive income 23,084 2,689 (iii) Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interest in joint venture: TDCSB 2019 2018 RM’000 RM’000 Net assets as at 1 January 480,430 467,241 Profit for the financial year 23,084 2,689 503,514 469,930 Issuance of redeemable preference shares 6,650 10,500 Net assets as at 31 December 510,164 480,430 Interests in joint ventures 50% 50% Carrying amount of Group’s interests in joint ventures 255,082 240,215 pg 199 Tropicana Corporation Berhad Annual Report 2019 Sustainability at Tropicana What We’ve Governed Financial Statements & Other Information