Yinson Annual Report 2019

Yinson Holdings Berhad ANNUAL REPORT 2019 170 20. INVESTMENT IN JOINT VENTURES Group 2019 2018 RM’000 RM’000 Unquoted shares at cost - Outside Malaysia 121,018 201,935 Share of post acquisition reserves 282,456 330,864 Share of foreign currency translation reserve 92,458 62,144 Accumulated impairment loss (12,892) – Share of net assets of joint ventures 483,040 594,943 Company 2019 2018 RM’000 RM’000 Unquoted shares, at cost: - Outside Malaysia 119,526 200,445 Details of joint ventures are as follows: Proportion (%) of Name of Countries of ownership interest joint ventures incorporation 2019 2018 Principal activities PTSC Asia Pacific Singapore 49 49 Provision of floating marine assets Pte. Ltd. (a) for chartering and service activities incidental to oil and gas extraction PTSC South East Asia Singapore 49 49 Provision of floating marine assets Pte. Ltd. (a) for chartering and service activities incidental to oil and gas extraction Held through Yinson Production Pte. Ltd.: Yinson Production Ghana 49 49 Provision of operations and West Africa maintenance of floating marine Limited (a) assets to the offshore oil and gas industry Held through Yinson Ghacacia Ltd: Yinson Gazania Ghana 49 49 Provision of operations and Operations Limited (a)(b) maintenance of floating marine assets to the offshore oil and gas industry Held through Yinson Clover Ltd: PTSC Ca Rong Do Ltd Republic of the 49 49 Provision of floating marine assets Marshall Islands for chartering and service activities incidental to oil and gas extraction (a) Audited by member firms of PricewaterhouseCoopers International Limited, which are separate and independent legal entities from PricewaterhouseCoopers PLT. (b) The changes in the effective equity interest/reclassification of these companies in the Group are as disclosed in Note 46. For the financial year ended 31 January 2019 Notes to the financial statements (cont’d)