MISC Annual Report 2019

16. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Non-controlling interests in subsidiaries The Group’s subsidiaries that have material non-controlling interests (“NCI”) are Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”), Asia LNG Transport Sdn. Bhd. (“ALT”) and Asia LNG Transport Dua Sdn. Bhd. (“ALT 2”) as shown below: MHB ALT ALT 2 Others* Total RM’000 RM’000 RM’000 RM’000 RM’000 2019 NCI percentage of ownership interest and voting interest 33.5% 49.0% 49.0% Carrying amount of NCI as at 31 December 775,755 130,146 46,386 74,239 1,026,526 (Loss)/profit allocated to NCI for the year ended 31 December (9,457) (5,252) 8,567 16,054 9,912 2018 NCI percentage of ownership interest and voting interest 33.5% 49.0% 49.0% Carrying amount of NCI as at 31 December 777,519 136,466 38,605 60,392 1,012,982 (Loss)/profit allocated to NCI for the year ended 31 December (40,104) 7,022 (7,360) 13,280 (27,162) * Other individually immaterial subsidiaries Summarised financial information before intra-group elimination MHB ALT ALT 2 RM’000 RM’000 RM’000 As at 31 December 2019 Non-current assets 2,034,854 104,007 15,783 Current assets 1,183,122 101,338 131,242 Non-current liabilities (187,471) – – Current liabilities (649,068) (917) (146) Net assets 2,381,437 204,428 146,879 Year ended 31 December 2019 Revenue 1,009,541 37,562 161 (Loss)/profit for the year (34,220) 5,204 19,396 Total comprehensive (loss)/income (35,780) (12,960) 15,880 Cash inflows/(outflows) from operating activities 123,852 13,186 (6,439) Cash (outflows)/inflows from investing activities (175,497) (16,146) 89,195 Cash inflows from financing activities 124,015 – – Net increase/(decrease) in cash and cash equivalents 72,370 (2,960) 82,756 16. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Non-controlling interests in subsidiaries (cont’d.) Summarised financial information before intra-group elimination (cont’d.) MHB ALT ALT 2 RM’000 RM’000 RM’000 As at 31 December 2018 Non-current assets 1,905,506 110,059 84,516 Current assets 1,275,687 102,964 51,822 Non-current liabilities (48,354) – – Current liabilities (726,027) (11,581) (7,252) Net assets 2,406,812 201,442 129,086 Year ended 31 December 2018 Revenue 974,354 42,488 – (Loss)/profit for the year (124,164) 14,330 (15,021) Total comprehensive (loss)/income (124,164) 18,546 (12,496) Cash inflows/(outflows) from operating activities 62,824 (41,162) (6,487) Cash (outflows)/inflows from investing activities (136,602) (195) 948 Cash outflows from financing activities (11,828) – – Net decrease in cash and cash equivalents (85,606) (41,357) (5,539) Dividends paid to NCI 16,080 – – 17. INVESTMENTS IN ASSOCIATES Group Corporation 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Unquoted shares outside Malaysia, at cost 331 331 124 124 Share of post-acquisition profit 455 455 – – Share of other post-acquisition reserves (304) (304) – – Carrying amount of the investment 482 482 124 124 Details of the associates are disclosed in Note 40. NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 FINANCIAL STATEMENTS MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 308 309