MISC Integrated Annual Report 2020

19. INVESTMENTS IN JOINT VENTURES (CONT’D. ) Group 2020 MDFT MVOT Others* Total RM’000 RM’000 RM’000 RM’000 Reconciliation of net assets to carrying amount As at 31 December Group’s share of net assets 405,166 321,788 196,880 923,834 Elimination of unrealised (profits)/loss (22,682) 2,089 (30,180) (50,773) Carrying amount in the statement of financial position 382,484 323,877 166,700 873,061 Group’s share of results Year ended 31 December Group’s share of profit after taxation/ total comprehensive income 103,285 34,097 291,400 428,782 2019 MDFT MVOT Others* Total RM’000 RM’000 RM’000 RM’000 Reconciliation of net assets to carrying amount As at 31 December Group’s share of net assets 496,436 294,881 162,436 953,753 Elimination of unrealised profits (25,762) – (2,276) (28,038) Carrying amount in the statement of financial position 470,674 294,881 160,160 925,715 Group’s share of results Year ended 31 December Group’s share of profit after taxation/ total comprehensive income 100,125 47,156 103,348 250,629 * Other individually immaterial joint ventures 20. OTHER FINANCIAL ASSETS AND FINANCIAL LIABILITIES (a) Other non-current financial assets Group Corporation 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Unquoted equity investments (Note 37) 63,498 65,137 63,483 65,122 Quoted equity investment (Note 37) 40,671 47,255 40,671 47,255 Total equity instruments 104,169 112,392 104,154 112,377 Long term receivables (Note 37) 103,546 113,511 – – Loans and advances: Subsidiaries – – 616,600 967,378 Associate 2,417 2,460 2,417 2,460 Joint venture 181,787 – – – 184,204 2,460 619,017 969,838 Less: Impairment on loans to associate (2,417) (2,460) (2,417) (2,460) Net loans and advances (Note 22) 181,787 – 616,600 967,378 Total long term receivables 285,333 113,511 616,600 967,378 Total other non-current financial assets 389,502 225,903 720,754 1,079,755 Long term receivables relate to a subsidiary’s accrued revenue earned but not invoiced. The loans and advances to subsidiaries are unsecured and bear interest ranging from 1.54% to 4.25% (2019: 3.00% to 4.70%) per annum. 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 10 400 10 401 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020