DESTINI Annual Report 2018

6. Investment in Associates (Cont’d) The Group has not recognised accumulated losses related to EKSTB and TFEMS totaling RM3,534,342 (2017: RM3,513,998) and RM291,780 (2017: RM264,278) respectively, since the Group has no obligation in respect of their losses. There are no commitment nor contingent liabilities relating to the Group’s interest in the associates. 7. Investment in Joint Ventures NOTES TO THE FINANCIAL STATEMENTS EKSTB TFEMS 2018 2017 2018 2017 RM RM RM RM Summarised statements of financial position Non-current assets - - 10,131 41,628 Current assets 539,170 577,390 552,706 329,359 Current liabilities (7,360,812) (7,357,514) (732,325) (687,965) Net liabilities (6,821,642) (6,780,124) (169,488) (316,978) Interest in associate 49% 49% 49% 49% Group’s share of net assets/(liabilities) - - - - Carrying value of the Group’s interest in associate - - - - Summarised statements of profit or loss and other comprehensive income Revenue - - 564,934 27,539 Net profit/(loss) for the financial financial year (41,518) (788,124) (56,127) (313,999) Total comprehensive loss for the financial year (41,518) (788,124) (56,127) (313,999) Group 2018 2017 Outside Malaysia RM RM In Malaysia: At Cost Unquoted shares 1,296,771 500,001 Less: Share of post acquisition reserve (1,112,031) (500,001) 184,740 - DESTINI BERHAD ANNUAL REPORT 2018 152