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Axiata Group Berhad | Annual Report 2016
FINANCIAL STATEMENTS
216
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
29. ASSOCIATES (CONTINUED)
The summarised financial information presented in the financial statements (after adjusted for differences in accounting policies between the Group
and the associates) of material associates of the Group are as follows:
(a) The summarised statement of comprehensive income for the financial year ended 31 December are as follows:
2016
2015
Idea
RM’000
M1
RM’000
Idea
RM’000
M1
RM’000
Revenue
22,772,636
3,183,225
21,217,853
3,139,939
Profit for the financial year
329,135
451,254
1,864,338
557,083
Group's share of profit for the financial year
65,070
128,788
368,766
157,766
Dividend received from associates
26,592
118,229
28,336
136,755
The Group’s share of loss of other immaterial associates is RM62.8 million (2015: RM37.0 million).
(b) The summarised statement of financial position of material associates of the Group as at 31 December are as follow:
2016
2015
Idea
RM’000
M1
RM’000
Idea
RM’000
M1
RM’000
Non-current assets
62,267,152
2,849,429
51,592,482
2,504,244
Current assets
2,510,000
705,077
2,299,631
791,137
Current liabilities
(10,356,631)
(1,163,346)
(6,736,229)
(1,706,490)
Non-current liabilities
(35,153,111)
(1,141,020)
(28,504,752)
(336,804)
19,267,410
1,250,140
18,651,132
1,252,087
(c) The adjusted fair value of material associates of the Group as at 31 December are as follows:
2016
2015
Idea
RM’000
M1
RM’000
Idea
RM’000
M1
RM’000
Adjusted fair value
3,173,885
1,467,779
6,012,567
1,995,137
The adjusted fair value of quoted investments are within Level 2 of the fair value hierarchy.