MISC Annual Report 2019

18. INVESTMENTS IN JOINT VENTURES (CONT’D.) Group 2019 MDFT MVOT Others* Total RM’000 RM’000 RM’000 RM’000 Reconciliation of net assets to carrying amount As at 31 December Group’s share of net assets 496,436 294,881 162,436 953,753 Elimination of unrealised profits (25,762) – (2,276) (28,038) Carrying amount in the statement of financial position 470,674 294,881 160,160 925,715 Group’s share of results Year ended 31 December Group’s share of profit after taxation/total comprehensive income 100,125 47,156 103,348 250,629 2018 MDFT MVOT Others* Total RM’000 RM’000 RM’000 RM’000 Reconciliation of net assets to carrying amount As at 31 December Group’s share of net assets 593,002 250,786 154,936 998,724 Elimination of unrealised profits (28,841) – (14,812) (43,653) Carrying amount in the statement of financial position 564,161 250,786 140,124 955,071 Group’s share of results Year ended 31 December Group’s share of profit after taxation 77,092 63,290 142,902 283,284 Group’s share of other comprehensive income – – 15 15 Group’s share of total comprehensive income 77,092 63,290 142,917 283,299 * Other individually immaterial joint ventures 19. OTHER FINANCIAL ASSETS AND FINANCIAL LIABILITIES (a) Other non-current financial assets Group Corporation 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Unquoted equity investments (Note 36) 65,137 73,864 65,122 73,850 Quoted equity investments (Note 36) 47,255 47,786 47,255 47,786 Total equity instruments 112,392 121,650 112,377 121,636 Long term receivables (Note 36) 113,511 122,964 – – Loans and advances: Subsidiaries – – 967,378 1,232,872 Associates 2,460 2,487 2,460 2,487 2,460 2,487 969,838 1,235,359 Less: Impairment on loans to associates (2,460) (2,487) (2,460) (2,487) Net loans and advances (Note 21) – – 967,378 1,232,872 Total long term receivables 113,511 122,964 967,378 1,232,872 Add: Total equity instruments 112,392 121,650 112,377 121,636 Total other non-current financial assets 225,903 244,614 1,079,755 1,354,508 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 3.00% to 4.70% (2018: 2.27% to 4.70%) per annum. NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 FINANCIAL STATEMENTS MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 312 313