NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 93 - 8. Investment in Joint Ventures (Cont’d) Summarised financial information of the Group’s joint ventures is set out below. The summarised financial information represents the amounts in the financial statements of joint ventures and not the Group’s share of those amounts. 2021 2020 2021 2020 RM RM RM RM Summarised statements of financial position Non-current assets 364,078 642,467 - - Current assets 2,320,838 2,314,131 150,659 365,402 Non-current liabilities (44,927) (3,537,717) - - Current liabilities (4,312,035) (2,138,093) (2,478,047) (2,181,804) Net liabilities (1,672,046) (2,719,212) (2,327,388) (1,816,402) Interest in joint ventures 50% 50% 50% 50% Group's share of net liabilities (836,023) (1,359,606) (1,163,694) (908,201) Carrying value of the Group's interest in joint ventures (836,023) (1,359,606) (1,163,694) (908,201) Summarised statements of comprehensive income profit or loss and other Revenue 5,102,004 2,853,602 - - Net profit/(loss) for the financial year, representing total comprehensive income/(loss) for the financial year 1,069,366 (380,710) (510,702) (525,228) Unrecognised share of profit/(losses) of joint ventures: The unrecognised share of profit/(losses) of joint ventures 534,683 (190,355) (255,351) (262,614) Cumulative unrecognised share of losses of joint ventures 1,084,899 550,216 78,838 334,189 DATSB IASB 170 DESTINI BERHAD • ANNUAL REPORT 2021
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