Yinson Annual Report 2020

269 Annual Report 2020 20. Investment in joint ventures Group 2020 2019 RM’000 RM’000 Unquoted shares at cost - Outside Malaysia 121,018 121,018 Share of post acquisition reserves 278,638 282,456 Share of foreign currency translation reserve 91,794 92,458 Accumulated impairment loss (12,892) (12,892) Share of net assets of joint ventures 478,558 483,040 Company 2020 2019 RM’000 RM’000 Unquoted shares at cost: - Outside Malaysia 119,526 119,526 Details of joint ventures are as follows: Name of joint ventures Countries of incorporation Proportion (%) of ownership interest Principal activities 2020 2019 PTSC Asia Pacific Pte. Ltd. (a) Singapore 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction PTSC South East Asia Pte. Ltd. (a) Singapore 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through Yinson Production Pte. Ltd.: Yinson Production West Africa Limited (a) Ghana 49 49 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry