Yinson Annual Report 2019

Yinson Holdings Berhad ANNUAL REPORT 2019 174 21. INVESTMENT IN ASSOCIATES Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Unquoted shares, at cost: - Outside Malaysia 157 267 – – - In Malaysia – 30 – 30 157 297 – 30 Share of post-acquisition reserves 2,500 2,350 – – Share of foreign currency translation reserve (939) (698) – – 1,718 1,949 – 30 Details of associates are as follows: Proportion (%) of Name of Countries of ownership interest associates incorporation 2019 2018 Principal activities Yinson Energy Malaysia – 30 Provision of oil and gas Sdn. Bhd. (d) engineering and marine support services and consultancy services Held through Yinson Production AS: Floating Operations Nigeria 40 40 Provision of operations and & Production maintenance of floating marine West Africa Ltd (a) assets to the offshore oil and gas industry Held through Yinson Dynamic Ltd: OY Genesis Republic of the – 49 Dormant Ltd (b)(d) Marshall Islands OY Jasper Republic of the – 49 Dormant Ltd (b)(d) Marshall Islands OY Topaz Republic of the – 49 Dormant Ltd (b)(d) Marshall Islands Held through Yinson Acacia Ltd: Yinson Operations Nigeria – 40 Provision of operations and & Production maintenance of floating marine West Africa Limited (c)(d) assets to the offshore oil and gas industry (a) Audited by a firm other than member firm of PricewaterhouseCoopers International Limited and PricewaterhouseCoopers PLT. (b) Company not required to be audited under the laws of the country of incorporation. (c) Auditor not appointed yet. (d) 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)