15. Investments in subsidiaries (cont’d.) c. The net effect of the above disposal to the Group’s cash flows and carrying amount of assets and liabilities disposed are as follows: Carrying amount at disposal date RM’000 Property, plant and equipment 222,272 Non-current assets 74,967 Current assets 230,622 Current liabilities (223,778) Non-current liabilities (19,729) Net assets disposed 284,354 Gain on disposal of subsidiary Sale consideration 357,989 Net assets disposed (284,354) Gain on disposal of subsidiary 73,635 The effect of the disposal on cash flows is as follows: Sale consideration received 324,000 Less: Cash and cash equivalents disposed (32,494) Net cash flow on disposal 291,506 d. An impairment review of the carrying amounts of investments in subsidiaries at the reporting date was undertaken by comparing it to the respective recoverable amounts. The Corporation did not record any impairment loss on investments in subsdiaries in the current financial year (2015: RM375,657,000). Details of the subsidiaries are disclosed in Note 39. MISC BERHAD • Annual Report 2016 242 notes to the financial statements - 31 december 2016
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