12. INVESTMENT IN A JOINT VENTURE (continued) The summarised financial information of the joint venture, adjusted for any differences in accounting policies, are as follows (continued): 2021 2020 TNV TNV RM’000 RM’000 Share of results by the Group for the financial year Share of profit by the Group for the financial year 490 335 Share of other comprehensive income/(loss) by the Group for the financial year 61 (31) 551 304 Other information Dividend income (1,035) - The reconciliation of net assets of the joint venture to the carrying amount of the investment in a joint venture is as follows: 2021 2020 TNV TNV RM’000 RM’000 2021 Share of net assets/Carrying amount in the statements of financial position 931 1,414 The joint venture had no contingent liabilities and capital commitments as at 31 December 2021 and 31 December 2020. 13. OTHER INVESTMENT Group/Company 2021 2020 RM’000 RM’000 Financial asset at fair value through other comprehensive income Equity security: Quoted shares outside Malaysia - 4,030 Equity security which is not held for trading for which the Group and the Company have irrevocably elected to recognise at fair value through other comprehensive income. This is a strategic investment for which the Group and the Company consider this classification to be appropriate and relevant. The quoted shares of the Group and the Company are categorised as Level 1 in the fair value hierarchy. Fair value of investment in a quoted share is based on the quoted price in active market. NOTES TO THE FINANCIAL STATEMENTS P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 138 31 December 2021 (cont’d)
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