CAHYA MATA SARAWAK ANNUAL REPORT 2016

155 Cahya Mata Sarawak Berhad A N N U A L R E P O R T 2 0 1 6 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 21. INVESTMENTS IN JOINT VENTURES (CONT'D.) Material joint ventures (cont'd.) The following table summarises the financial information in respect of each of the Group’s material joint ventures. The summarised financial information represents the amounts in the MFRS financial statements of the joint ventures and not the Group’s share of those amounts. (cont'd.) COPE-KPF Opportunities 1 Sdn. Bhd. COPE Opportunities 2 Sdn. Bhd. RM’000 RM’000 2015 As at 31 December Non-current assets 84,481 90,993 Cash and cash equivalents 623 634 Other current assets 3,927 966 Current liabilities (4,840) (7,065) Net assets 84,191 85,528 Year ended 31 December Revenue 1,551 2,374 Profit for the year 34,345 20,265 Total comprehensive income 34,345 20,265 Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interests in joint ventures. COPE-KPF Opportunities 1 Sdn. Bhd. COPE Opportunities 2 Sdn. Bhd. RM’000 RM’000 2016 As at 31 December Net assets 117,983 106,908 Effective interest in joint ventures 26.67% 16.39% 31,466 17,522 Accumulated impairment losses (6,973) - Group’s carrying amount 24,493 17,522 2015 As at 31 December Net assets 84,191 85,528 Effective interest in joint ventures 26.67% 16.39% 22,454 14,018 Accumulated impairment losses (6,973) - Group’s carrying amount 15,481 14,018