Fraser & Neave Holdings Bhd Annual Report 2021

10. INVESTMENT IN A JOINT VENTURE Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 At cost Unquoted shares 127,820 127,820 127,820 127,820 Share of post-acquisition reserves (23,267) (22,977) – – 104,553 104,843 127,820 127,820 Interest on shareholder’s loan 38,294 38,294 38,294 38,294 142,847 143,137 166,114 166,114 Less: Unrealised profit (55,292) (55,292) – – 87,555 87,845 166,114 166,114 The joint venture is incorporated in Malaysia and the details are as follows: Name of joint venture Principal activity/Nature of relationship E'ective ownership and voting interest (%) 2021 2020 Vacaron Company Sdn Bhd (“VCSB”) (Financial year end: 30 September) Property development/Strategic to the property development activities of the Group 50.00 50.00 The following table summarises the information of VCSB, adjusted for any di!erences in accounting policies and reconciles the information to the carrying amount of the Group’s interest in VCSB, which is accounted for using the equity method. Group 2021 RM’000 2020 RM’000 Summarised financial information As at 30 September Non-current assets 7 11 Current assets 286,020 286,595 Current liabilities (76,939) (76,939) Year ended 30 September Revenue – – Loss for the year (580) (566) 206 NOTES TO THE F INANCIAL STATEMENTS