Yinson Annual Report 2018

20. INVESTMENT IN JOINT VENTURES Group 2018 2017 RM’000 RM’000 Unquoted shares at cost - Outside Malaysia 201,935 298,388 Share of post acquisition reserves 330,864 284,404 Share of foreign currency translation reserve 62,144 142,753 Share of net assets of joint ventures 594,943 725,545 Company 2018 2017 RM’000 RM’000 Unquoted shares outside Malaysia, at cost: At 1 February 200,445 197,255 Addition – 3,190 At 31 January 200,445 200,445 Advances to joint ventures: At 1 February – 3,190 Reclassed as additional investment in joint ventures – (3,190) At 31 January – – 200,445 200,445 Details of joint ventures are as follows: Proportion (%) of Name of Countries of ownership interest joint ventures incorporation 2018 2017 Principal activities PTSC AsiaPacific Pte. Ltd. (a) Singapore 49 49 Leasing of a FPSO unit PTSC South Singapore 49 49 Leasing of a floating, storage East Asia Pte. Ltd. (a) and offloading unit (“FSO”) Held through Yinson Production Pte. Ltd.: Yinson Production Ghana 49 49 Business of operating a FPSO unit West Africa Limited (a) Held through Yinson Nereus Ltd: Yinson Gazania Ghana 49 49 Operate and manage offshore Operations Limited (a) support and supply vessels (formerly known as OY Offshore Limited) Corporate Overview Stewardship Governance Accountability 149 Yinson Holdings Berhad Annual Report 2018

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