PRG Holdings Berhad Annual Report 2018

10. INVESTMENTS IN ASSOCIATES (continued) The reconciliation of net assets of the associates to the carrying amount of the investments in associates are as follows: Group 2018 2017 RM’000 RM’000 Share of net assets 1,404 2,203 Goodwill 6,597 3,244 Less: Impairment (118) - Carrying amount in the statement of financial position 7,883 5,447 11. INVESTMENTS IN JOINT VENTURES Group 2018 2017 RM’000 RM’000 Unquoted equity shares, at cost 756 570 Goodwill 3,939 - Share of post-acquisition reserves, net of dividends received 404 539 5,099 1,109 The details of the joint ventures are as follows: Interest in equity held Country of by subsidiaries Name of company incorporation 2018 2017 Principal activities % % Trunet (Vietnam) Co., Ltd. (“TNV”)* Vietnam 50 50 Manufacture and marketing of meat netting PRG Active Sdn. Bhd. (formerly known as S P Chin Healthcare Malaysia 55 - Medical consultation Sdn. Bhd.) (“PRGA”) * Audited by a member firm of BDO International. The joint ventures, in which the Group participates, are unlisted separate structured entities whose quoted market prices are not available. The contractual arrangement stipulates unanimous consent of all parties over relevant activities of joint ventures and provides the Group with only the rights to the net assets of the joint arrangements, with the rights to the assets and obligation for liabilities of the joint arrangements resting primarily with the joint ventures. These joint arrangements have been classified as joint ventures and have been included in the consolidated financial statements using the equity method. 2018 A N N U A L R E P O R T 124 notes to the financial statements 31 December 2018 (continued)