DESTINI AR 2017
6. Investment in Associates Group Company 2017 2016 2017 2016 RM RM RM RM Outside Malaysia At cost Unquoted shares 315,406 315,406 - - Share of post acquisition reserve (315,406) (315,406) - - - - - - Details of the associates are as follows: Effective Country of equity interest Name of company incorporation 2017 2016 Principal activities % % Emirates Kejuruteraan Emirates of 49 49 Provides oil and gas production facilities Samudra Timur Berhad Abu Dhabi operation and maintenance services, and Petroleum Services L.L.C.* onshore and offshore, oil fields and facilities services TF Emirates Marine Emirates of 49 49 Engaged in the business of onshore and offshore Services L.L.C.* Abu Dhabi oil and gas fields and facilities services, marine machines and equipment repairing and maintenance * Associates not audited by UHY Summarised financial information of the Group’s associates, Emirates Kejuruteraan Samudra Timur Berhad Petroleum Services L.L.C. (“EKSTB”) and TF Emirates Marine Services L.L.C. (“TFEMS”), are set out below. The summarised financial information represents the amounts in the MFRS financial statements of the associates and not the Group’s share of those amounts. 131 DESTINI BERHAD Annual Report 2017
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