DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 8. Investment in Joint Ventures (Cont’d) Summarised financial information of the Group’s joint ventures is set out below. The summarised financial information represents the amounts in the MFRS financial statements of joint ventures and not the Group’s share of those amounts. DATSB IASB FDSPT 2019 2018 2019 2018 2019 2018 RM RM RM RM RM RM Summarised statements of financial position Non-current assets 1,134,699 897,517 - 173,509 - - Current assets 2,147,834 3,077,297 287,916 934,121 517,949 389,117 Non-current liabilities (234,677) - - - - - Current liabilities (5,398,416) (6,021,762) (1,579,091) (1,301,252) (30,513) 19,637 Net liabilities (2,350,560) (2,046,948) (1,291,175) (193,622) 487,436 369,480 Interest in joint ventures 50% 50% 50% 50% 50% 50% Group’s share of net (liabilities)/assets (1,175,280) (1,023,474) (645,588) (96,811) 243,718 - Carrying value of the Group’s interest in joint venture (1,175,280) (1,023,474) (645,588) (96,811) 243,718 - Summarised statements of comprehensive income profit or loss and other Revenue 3,820,738 2,963,758 - - - - Net loss for the financial year, representing total comprehensive loss for the financial year (369,358) (97,391) (1,091,177) (1,026,751) (24,866) (224,060) Unrecognised share of losses of joint ventures: The unrecognised share of losses of joint ventures (184,679) (48,696) (545,589) (513,376) (12,433) (112,030) Cumulative unrecognised share of losses of joint ventures 740,571 925,250 51,215 596,803 (124,463) (112,030) 06 FINANCIAL STATEMENTS DESTINI BERHAD 150