ENRA Group Berhad | Annual Report 2022 120 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2022 6. INVESTMENTS IN SUBSIDIARIES (Cont’d) (f) The subsidiaries of the Group that have material non-controlling interests (“NCI”) are as follows (Cont’d): The summarised financial information before intra-group elimination are as follows (Cont’d): ENRA Abode SPM Fitzrovia Senior Q Homes Sdn. Bhd. Developments ENRA IOL Living Ltd. Sdn. Bhd. Group Limited Sdn. Bhd. Group Group RM’000 RM’000 RM’000 RM’000 RM’000 2021 Assets and liabilities Non-current assets 80,506 – – – 17 Current assets 15,023 672 3,985 33,622 20,859 Non-current liabilities – – – – (13,489) Current liabilities (75,783) (2,871) (2,638) (34,233) (7,319) Net assets 19,746 (2,199) 1,347 (611) 68 Results Revenue 49,892 – 377 – 1,674 Profit/(Loss) for the financial year 4,965 (102) 90 (281) (86) Total comprehensive income/(loss) 3,440 (180) 90 (317) (86) Cash flows from/(used in) operating activities 36,213 (1,506) 1,923 (1,092) (2,812) Cash flows from/(used in) investing activities 6,322 – (1,996) – (6) Cash flows (used in)/from financing activities (44,847) 349 (68) 1,320 3,204 Net (decrease)/increase in cash and cash equivalents (2,312) (1,157) (141) 228 386 (g) During the financial year, the Company recognised an impairment loss on investment in subsidiaries of RM2,526,000 (2021: RM11,701,000) due to decline in operations of certain subsidiaries as a result of the COVID-19 pandemic. Adverse adjustments were made to the forecasted operating cash flows included in the value-in-use calculations. The recoverable amounts were determined using pre-tax discount rates of 10.0% (2021: 10.0%)
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