7. INVESTMENTS IN SUBSIDIARIES (CONTINUED) In the previous financial period, the Company carried out a review of the recoverable amount of its investments in certain subsidiaries that were making losses. An impairment loss of approximately RM96,266,000, represented the writedown of the investments to their recoverable amounts, was recognised in ‘other operating expenses’ line item of the statement of profit or loss and other comprehensive income. In addition, there was a reversal of impairment loss in investment in a subsidiary of RM15,000,000 as the recoverable amount was higher than the carrying amount. Non-controlling interests in subsidiaries The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows: 30.6.2022 30.6.2021 NCI percentage of ownership interest and voting interest – DNeX RFID Sdn. Bhd. – SealNet Sdn. Bhd. – DNeX Drilling Tech and Oilfield Services Sdn. Bhd. – Global eCommerce Limited – DNeX GIS Sdn. Bhd. – DNeX Telco Services Sdn. Bhd. – Imizu Sdn. Bhd. – DNeX VMS Sdn. Bhd. – Genaxis Group Sdn. Bhd. – Innovation Associates Consulting Sdn. Bhd. – PT Dagang Net Indonesia – PT DNeX Telco Indonesia – Ping Petroleum Limited and its subsidiaries – Silterra Malaysia Sdn. Bhd. and its subsidiaries 49.00% 20.00% 2.00% 49.00% – 49.00% 45.00% – 49.00% 69.40% 1.00% 5.00% 10.00% 40.00% 49.00% 20.00% 2.00% 49.00% 59.00% 49.00% 45.00% 49.00% 49.00% 69.40% 1.00% 5.00% 10.00% – Carrying amount of NCI (RM’000) 474,119 30,551 Profit/(Loss) allocated to NCI (RM’000) 157,687 (51,343) 247 DNeX INTEGRATED REPORT 2022
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