My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 169 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 7. INVESTMENTS IN JOINT VENTURES (CONT’D) (c) The summarised unaudited financial information for the joint venture of the Group is as follows:- (cont’d) MYEG PHILIPPINES 2020 2019 RM’000 RM’000 12-month Year Ended 31 December/15-month Period Ended 31 December Revenue 7,451 11,812 Loss during the financial year/period/Total comprehensive expenses (1,673) (3,399) Group’s share of losses for the financial year/period/Total comprehensive expense (669) (1,360) Reconciliation of Net Liabilities to Carrying Amount Group’s share of net liabilities above (1,714) (1,019) Add: Deposits for future stock subscriptions in this joint venture 7,389 5,299 Carrying amount of the Group’s interest in this joint venture 5,675 4,280 (d) The summarised unaudited financial information for the joint venture that is immaterial to the Group is as follows:- MYEG (BD) Ltd. 2020 2019 RM’000 RM’000 Financial year ended 31 December Group’s share of losses for the financial year/period/Total comprehensive expense (30) (38) Aggregate carrying amount of the Group’s interest in this joint venture 446 476