Tropicana Corporation Berhad Annual Report 2019

20. INVESTMENTS IN JOINT VENTURES (CONT’D.) (b) Aggregate information of joint ventures that are individually not material are as follow: 2019 2018 RM’000 RM’000 The Group’s share of loss before tax (284) – The Group’s share of loss after tax, representing total comprehensive loss (284) – Carrying amount of the Group’s interest 9,903 128 (c) The joint ventures had no contingent liabilities as at 31 December 2019 and 31 December 2018. (d) On 26 October 2018, Tropicana Development (Penang) Sdn Bhd (“ TDPSB ”), a wholly-owned subsidiary of the Company, entered into a Share Sale Agreement with Hemat Tuah Sdn Bhd to dispose entire 55% equity interest in Tropicana Ivory Sdn Bhd for a total cash consideration of RM70,700,000. The disposal was completed on 13 November 2018. Prior to the completion of the disposal, TDPSB has redeemed the redeemable preference shares at a total consideration of RM145,695,000. 21. OTHER INVESTMENTS Group and Company 2019 2018 RM’000 RM’000 At FVTPL: Transferable corporate golf club memberships 312 312 For the financial year ended 31 December 2019 Notes to the Financial Statements Tropicana Corporation Berhad Annual Report 2019 pg 200 About Tropicana Our Strategic Performance Our Leadership