200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 17. Investment in joint ventures (cont'd) Summarised financial information on the significant joint venture is as follows: (a) Summarised statements of financial position of material joint venture Posh Atlantic Sdn. Bhd. ("PASB") 2022 2021 RM RM Non-current assets 218,510 239,562 Current assets 114,513,615 80,174,494 Total assets 114,732,125 80,414,056 Current liabilities 16,765,286 12,838,660 Non-current liabilities 72,061,870 41,425,503 Total liabilities 88,827,156 54,264,163 Equity attributable to owners of PASB 26,331,597 26,256,992 Non-controlling interests (426,628) (107,099) 25,904,969 26,149,893 (b) Summarised statements of comprehensive income of material joint venture Posh Atlantic Sdn. Bhd. ("PASB") 2022 2021 RM RM Revenue 380,000 1,099,660 Depreciation (6,489) (6,627) Other operating income 2,669,870 165,844 Finance costs (2,320,930) (1,553,561) Loss before tax from continuing operations (83,150) (1,624,097) Income tax expense (161,774) (15,142) Total comprehensive loss (244,924) (1,639,239) Attributable to: - owners of PASB 74,605 (1,582,223) - non-controlling interests (319,529) (57,016) (244,924) (1,639,239) Group Group - 73 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 138
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