FGV Annual Report 2018

120 EXAMINED OUR NUMBERS FGV HOLDINGS BERHAD OTHER MATTERS 1. As stated in Note 2 to the financial statements, FGV Holdings Berhad (formerly known as Felda Global Ventures Holdings Berhad) adopted Malaysian Financial Reporting Standards on 1 January 2018 with a transition date of 1 January 2017. These standards were applied retrospectively by the Directors to the comparative information in these financial statements, including the statements of financial position of the Group and of the Company as at 31 December 2017 and 1 January 2017, and the statements of profit or loss, statements of comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the Company for the financial year ended 31 December 2017 and related disclosures. We were not engaged to report on the restated comparative information and it is unaudited. Our responsibilities as part of our audit of the financial statements of the Group and of the Company for the year ended 31 December 2018, in these circumstances, included obtaining sufficient appropriate audit evidence that the opening balances as at 1 January 2018 do not contain misstatements that materially affect the financial position as at 31 December 2018 and financial performance and cash flows for the financial year then ended. 2. This report is made solely to the members of the Company, as a body, in accordance with Section 266 of the Companies Act 2016 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report. PRICEWATERHOUSECOOPERS PLT AZIZAN BIN ZAKARIA LLP0014401-LCA & AF 1146 02930/05/2020 J Chartered Accountants Chartered Accountant Kuala Lumpur 27 March 2019 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF FGV HOLDINGS BERHAD (Formerly known as Felda Global Ventures Holdings Berhad) (Incorporated in Malaysia) (Company No. 800165-P)