MISC Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 289 MISC BERHAD ANNUAL REPORT 2018 288 18. INVESTMENTS IN JOINT VENTURES (CONT'D.) Group (cont'd.) 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 - - 444 444 Group’s share of total comprehensive income 124,821 33,190 36,148 194,159 * Other individually immaterial joint ventures 19. OTHER FINANCIAL ASSETS AND FINANCIAL LIABILITIES (a) Other non-current financial assets Group Corporation 2018 RM'000 FVTPL 2017 RM'000 AFS 2018 RM'000 FVTPL 2017 RM'000 AFS Unquoted equity investments (Note 37) 73,864 45,552 73,850 45,538 Quoted equity investments (Note 37) 47,786 63,714 47,786 63,714 Total equity instruments 121,650 109,266 121,636 109,252 Group Corporation 2018 RM'000 Amortised cost 2017 RM'000 Loans and receivables 2018 RM'000 Amortised cost 2017 RM'000 Loans and receivables Long term receivables (Note 37) 122,964 128,481 - - Loans and advances: Subsidiaries - - 1,232,872 1,922,091 Associates 2,487 2,436 2,487 2,436 2,487 2,436 1,235,359 1,924,527 Less: Impairment on loans to associates (2,487) (2,436) (2,487) (2,436) (2,487) (2,436) (2,487) (2,436) Net loans and advances (Note 22) - - 1,232,872 1,922,091 Total long term receivables 122,964 128,481 1,232,872 1,922,091 Add: Total equity instruments 121,650 109,266 121,636 109,252 Total other non-current financial assets 244,614 237,747 1,354,508 2,031,343 Long term receivables relate to a subsidiary's accrued revenue earned but not invoiced. The loans and advances to subsidiaries are unsecured and bear interest ranging from 2.27% to 4.70% (2017: 1.50% to 4.25%) per annum.