Wah Seong Corporation Berhad Annual Report 2019

149 ANNUAL REPORT 2019 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 12 INVESTMENT IN JOINT VENTURES (CONTINUED) The following table summarises the information of the Group’s material joint ventures and reconciles the information to the carrying amount of the Group’s interest in the joint ventures. The information has been adjusted to reflect the equity method of accounting, including fair value adjustments (continued): Alam-PE Holdings (L) Inc. Bayou Wasco Insulation, LLC Boustead Wah Seong Sdn. Bhd. Welspun Wasco Coatings Private Limited Other individually immaterial joint ventures Total Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2018 (continued) Group’s share of results Financial year ended 31 December Group’s share of (loss)/profit (15,972) (1,401) 753 (4,267) 1,427 (19,460) Group’s share of other comprehensive income/ (expense) - 489 347 (312) (441) 83 Group’s share of total comprehensive (expense)/ income (15,972) (912) 1,100 (4,579) 986 (19,377) Dividend receivable/received - - - - 412 412 13 FINANCE LEASE RECEIVABLES Group 2019 2018 RM’000 RM’000 Minimum lease receivables: Not later than 1 year 12,942 15,648 Later than 1 year and not later than 2 years 5,550 13,099 Later than 2 years and not later than 5 years - 5,617 18,492 34,364 Less: Future finance income (666) (1,942) Present value of finance lease assets 17,826 32,422 Present value of finance lease receivables: Not later than 1 year 12,352 14,380 Later than 1 year and not later than 2 years 5,474 12,502 Later than 2 years and not later than 5 years - 5,540 Present value of finance lease assets 17,826 32,422