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134
Notes to the Financial Statements
29. INTEREST IN JOINT VENTURE PLANTATION
The Group has a 50% interest in Kuala Muda Estate, which is being held at a book value of
RM22,284,000 (2003: RM22,284,000). The following amounts represent the Group’s share of the assets
and liabilities and revenue and expenses of the joint venture plantation that have been included in the
balance sheet and income statement:
Group
2004 2003
RM’000 RM’000
Property, plant and equipment 14,731 14,335
Current assets 3,734 8,097
Current liabilities (2,120) (5,796)
Net assets 16,345 16,636
Revenue 3,873 2,428
Operating cost (4,143) (5,383)
Loss before taxation (270) (2,955)
Capital commitment 9 503
There are no other capital commitments or contingencies relating to the Group’s interest in the joint
venture.