123 FINANCIAL STATEMENTS & OTHERS ENRA GROUP BERHAD ANNUAL REPORT 2023 Notes To The Financial Statements 31 March 2023 (Cont’d) 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 ENRA Senior Q Homes Sdn. Bhd. Developments IOL Living Sdn. Bhd. Group Limited Sdn. Bhd. Ltd. Group Group RM’000 RM’000 RM’000 RM’000 RM’000 2022 Assets and liabilities Non-current assets 65,292 - 424 - 34 Current assets 18,769 439 1,754 32,390 36,523 Non-current liabilities - - - - (22,669) Current liabilities (66,902) (2,903) (119) (35,370) (8,483) Net assets/(liabilities) 17,159 (2,464) 2,059 (2,980) 5,405 Results Revenue 49,920 - 6,917 - 2,675 Profit/(Loss) for the financial year (275) (350) 712 (2,469) (194) Total comprehensive income/(loss) 385 (265) 712 (2,369) (194) Cash flows from/(used in) operating activities 25,319 (161) 1,301 (1,092) (2,745) Cash flows from/(used in) investing activities 5,455 - - - 4,232 Cash flows (used in)/from financing activities (34,606) - (90) 1,320 370 Net (decrease)/increase in cash and cash equivalents (3,832) (161) 1,211 228 1,857 (g) During the financial year, the Company recognised an impairment loss on investments in subsidiaries of RM25,395,000 (2022: RM2,526,000) due to decline in operations of certain subsidiaries. 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 8.0% (2022: 10.0%)
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