Yinson Annual Report 2018

47. DISCONTINUED OPERATIONS (CONTINUED) Assets and liabilities of disposal group classified as held for sale The major classes of assets and liabilities of the disposal group as at date of disposal (26 July 2016) are as follows: Group At date of disposal RM’000 Assets Property, plant and equipment 52,667 Investment properties 35,609 Intangible assets 132 Land use rights 4,252 Investment in associate 33,712 Deferred tax assets 2,004 Inventories 356 Trade and other receivables 247,193 Other current assets 49,802 Tax recoverable 5,627 Cash and bank balances 25,402 Fixed deposits (pledged) 367 457,123 Liabilities Loans and borrowings (200,048) Bank overdraft (2,391) Trade and other payables (89,960) Tax payables – Deferred tax liabilities (3,066) (295,465) Net assets 161,658 Less: Non-controlling interests (1,499) Net assets disposed of 160,159 Transfer from foreign exchange reserve 2,450 Net disposal proceeds (including transaction costs incurred) (159,098) Total loss on disposal of subsidiaries and associate to the Group 3,511 The net cash flows on disposal is determined as follows: Total net proceeds from disposal - cash consideration 159,098 Cash and cash equivalents of subsidiaries disposed of (excluding fixed deposits pledged, net of bank overdraft) (23,011) Cash inflow to the Group on disposal 136,087 The following amounts are recognised in profit or loss as at date of disposal (26 July 2016) by the Company: Company At date of disposal RM’000 Investments in subsidiaries and associate 154,183 Total proceeds from disposal - cash consideration (159,366) Gain on disposal of subsidiaries and associate (Note 8) (5,183) Corporate Overview Stewardship Governance Accountability 187 Yinson Holdings Berhad Annual Report 2018