MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 237 Financial Statements 17. INVESTMENTS IN JOINT VENTURES (CONT'D.) GKL RM'000 MDFT RM'000 As at 31 December 2016 Non-current assets - 1,775,234 Current assets - 2,209 Cash and cash equivalents - 11,136 Current liabilities - (15,297) Net assets - 1,773,282 Year ended 31 December 2016 Profit after taxation/Total comprehensive income 137,783 259,113 Included in the total comprehensive income is: Revenue 176,450 474,878 Depreciation and amortisation - (199,733) Interest income 50 6 Interest expense - (961) Income tax expense (5) (21) Group 2017 MDFT RM'000 MVOT RM'000 Others* RM'000 Total RM'000 Reconciliation of net assets to carrying amount As at 31 December Group’s share of net assets 719,410 181,941 350,171 1,251,522 Elimination of unrealised profits (31,922) (31) (91,772) (123,725) Carrying amount in the statement of financial position 687,488 181,910 258,399 1,127,797 Group’s share of results Year ended 31 December Group’s share of profit after taxation 124,821 33,190 35,704 193,715 Group’s share of other comprehensive income - - 464 464 Group’s share of total comprehensive income 124,821 33,190 36,168 194,179 * Other individually immaterial joint ventures.