KENANGA ANNUAL REPORT 2017

16. INVESTMENT IN A JOINT VENTURE COMPANY (CONT’D.) (a) The summarised income and expenses of the joint venture company are as follows: Group 2017 RM’000 2016 RM’000 Revenue 899 – Loss after taxation (12,484) (1,076) (b) The summarised assets and liabilities of the joint venture company are as follows: Group 2017 RM’000 2016 RM’000 Total assets 87,054 14,683 Total liabilities 60,616 760 (c) Details of the joint venture company held by the Bank are as follows: Name Percentage (%) of equity held Principal activities 2017 2016 Rakuten Trade Sdn Bhd (formerly known as EB Global JV Sdn Bhd) 50 50 Dealing in listed securities, online brokerage services and providing investment advice Kenanga Investment Bank Berhad 31 December 2017 136 notes to the financial statements