Tropicana Corporation Berhad Annual Report 2023

$%" INVESTMENTS#IN#JOINT#VENTURES Group +"+$ +"++ RM’""" RM’"""! Unquoted!shares&!at!cost !#))%+)$! !$11&"1+! Amount!due!from!a!joint!venture !#%'"&! !"&0"/! Share!of!post-acquisition!results!and!reserves !#,+%(',! !$0/&#$,! Dividend!received!from!joint!ventures !()(%'+() !(""&1%0) Unrealised!profits!arising!from!transaction!with!a!joint!venture !(+%',$) !(-&#+") !+..%$..! !"-#&1,0! Represented!by) Share!of!net!assets !+..%$..! !"-#&1,0! The!amount!due!from!a!joint!venture!represents!outstanding!amount!arising!from!the!Group’s!proportionate!share!in!the!advances!and! working!capital!to!the!joint!venture'!The!amount!due!from!the!joint!venture!is!unsecured&!non-interest!bearing!and!is!not!repayable!within! the!next!twelve!($")!months'!The!Group!views!these!advances!as!part!of!the!Group’s!investment!in!the!joint!venture' Details!of!the!joint!ventures!are!as!follows) Equity Country!of interest Name!of!joint!ventures incorporation Principal!activities held!(2) +"+$ +"++ Tropicana!Danga!Cove!Sdn!Bhd Malaysia Property!development!and!property!investment '" /# (“TDCSB”) Tropicana!Temokin!Sdn!Bhd! Malaysia Property!development '# /$ (“TTSB”) All!the!joint!ventures!have!been!accounted!for!using!the!equity!method!of!accounting' (a) Summarised!financial!information!of!joint!ventures!are!set!out!below'!The!summarised!financial!information!represents!the!amounts! in!the!financial!statements!of!the!joint!ventures!and!not!the!Group’s!share!of!those!amounts) (i)! Summarised!statements!of!financial!position TTSB TDCSB +"+$ +"++ +"+$ +"++ RM’""" RM’""" RM’""" RM’""" Non-current!assets !#"! !+0! !).#%(#.! !1,"&0%$! Current!assets !.$%$'#! !%-&-+1! !,)%)+'! !$+"&1/+! Non-current!liabilities !(#+%#+$) !($/&-00) (+.%)&,) !("$&1#%) Current!liabilities !(+#%,$&) !("-&+$#) !(+#%#.&) !(+,&#$$) Net!assets !),%$"+! !"1&%,1! !'+&%)..! !///&0-0! 249 FINANCIAL STATEMENTS & OTHER INFORMATION

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