200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 16. Investment in subsidiaries (cont'd) (d) 2021 2020 RM RM At 31 December Non-current asset 5,827,182 - Current assets 10,521,869 16,422,071 Current liabilities (5,750) (15,854) Net assets 16,343,301 16,406,217 Financial year/period ended 31 December Total comprehensive loss 62,916 2,224 Total comprehensive loss attributable to: - owner of the Company 30,829 1,090 - non-controlling interests 32,087 1,134 62,916 2,224 Net cash flows used in operating activities (789,521) (5,786,240) Net cash flows used in investing activity (253,064) - Net cash flows generated from financing activities - 6,679,680 Net (decrease)/increase in cash and cash equivalents (1,042,585) 893,440 Cash and cash equivalents on 1 January 2021/ 28 October 2020, before KABSB subscribed for Subscription Shares 1,085,454 192,014 Cash and cash equivalents at end of the year 42,869 1,085,454 17. Investment in joint ventures 2021 2020 RM RM Unquoted shares, at cost 4,830,000 4,830,000 Share of post-acquisition reserves 12,256,567 12,783,316 17,086,567 17,613,316 Represented by: Share of net assets 17,086,567 17,613,316 Group The summarised financial information (before intra-group elimination) for subsidiary that has non-controlling interests that are material to the Group is as follows:- Bayu Damai Sdn. Bhd. - 70 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 130
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