200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 16. Investment in subsidiaries (cont'd) (b) In the previous financial year (cont'd): (iii) The effect of the subscription on cash flows is as follows: RM Fair value of net identifiable assets acquired 15,047,985 Less: Non-controlling interests (8,368,305) Consideration settled in cash 6,679,680 Less: Cash and cash equivalent of subsidiary acquired (2,871,694) Net cash outflow on acquisition 3,807,986 Impact of subscription on statement of comprehensive income RM Contribution to loss for the year, representing total comprehensive loss to the Group 1,090 (iv) (c) The non-controlling interests at the end of the reporting period comprise the following:- Proportion (%) of ownership interest 2021 2020 2021 2020 RM RM Bayu Damai Sdn. Bhd. 51 51 8,335,084 8,367,171 Other individually immaterial subsidiaries 1,434,973 16,738 9,770,057 8,383,909 There would have been no significant impact on the Group's profit net of tax if the subscription had taken place at the beginning of the financial year ended 31 December 2020. KABSB together with a third party, incorporated a subsidiary company, Kii Melodia Sdn. Bhd. ("KMLDSB"). KABSB subscribed for 695 ordinary shares in KMLDSB for a total consideration of RM695. Subsequent to the subscription, KMLDSB became a 69.5% owned subsidiary of KABSB. Group Contribution of loss net of tax by BDSB since the date of subscription was as follows: - 69 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 129
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