NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 91 - 7. Investment in Associates (Cont’d) 2021 2020 2021 2020 RM RM RM RM Summarised statements of financial position Non-current assets - - 98,721 107,053 Current assets 539,170 539,170 561,686 454,146 Current liabilities (7,360,812) (7,360,812) (1,210,462) (1,030,975) Net liabilities (6,821,642) (6,821,642) (550,055) (469,776) Interest in associate 49% 49% 49% 49% Group's share of net assets /(liabilities) - - - - Carrying value of the Group's interest in associate - - - - Summarised statements of profit or loss and other comprehensive income Revenue - - 353,735 381,086 Net loss for the financial financial year - - (62,678) (154,744) Total comprehensive loss for the financial year - - (62,678) (154,744) EKSTB TFEMS The Group has not recognised accumulated losses related to EKSTB and TFEMS totaling RM3,534,342 (2020: RM3,534,342) and RM429,455 (2020: RM398,743) respectively, since the Group has no obligation in respect of their losses. There are no commitment nor contingent liabilities relating to the Group’s interest in the associates. 168 DESTINI BERHAD • ANNUAL REPORT 2021
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