7. INVESTMENTS IN SUBSIDIARIES (CONTINUED) Summarised financial information before intra-group elimination (continued) PT DNeX Ping Petroleum Limited Silterra Malaysia Sdn. Bhd. Telco Indonesia and its subsidiaries and its subsidiaries 1.1.2024 to 1.7.2022 to 1.1.2024 to 1.7.2022 to 1.1.2024 to 1.7.2022 to 31.12.2024 31.12.2023 31.12.2024 31.12.2023 31.12.2024 31.12.2023 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Net cash flows generated from/ (used in) operating activities 16,951 (4,624) 50,251 271,796 81,177 74,093 Net cash flows (used in)/generated from investing activities (17,050) (6,868) 137,133 (226,364) (78,743) (432,957) Net cash flows (used in)/generated from financing activities (10,120) 20,177 (277,979) (42,350) - (40,988) 8. INVESTMENT IN JOINT OPERATION Anasuria Operating Company Limited (“AOCL”) The Group, via its indirect owned subsidiary, Ping Petroleum UK PLC (“PPUK”) together with Anasuria Hibiscus UK Limited (“AHUK”), established the joint operating company, AOCL as the operator of the Anasuria Cluster assets. AOCL has been approved as the License Operator for the assets by the Secretary of State for Energy and Climate Change of the United Kingdom Government. At the end of the reporting period, the Group holds a 50% interest in AOCL. The principal place of business of the joint operations is in Aberdeen, United Kingdom. The Anasuria Cluster is located approximately 175 kilometers east of Aberdeen in the UK Central North Sea and consists of: (i) 100% interest in the Guillemot A field and the related field facilities; (ii) 100% interest in the Teal field and the related field facilities; (iii) 100% interest in the Teal South field and the related field facilities; (iv) 38.65% interest in the Cook field and the related field facilities; and (v) 100% ownership in the common infrastructure known as the Anasuria Floating Production, Storage and Offloading unit (“FPSO”) and the related equipment. 9. OTHER INVESTMENTS Group Company 31.12.2024 31.12.2023 31.12.2024 31.12.2023 RM’000 RM’000 RM’000 RM’000 Financial assets, at fair value 7,655 7,655 4,117 4,117 Foreign exchange translation 162 162 - - Less: Impairment loss (7,817) (7,817) (4,117) (4,117) - - - - - 154 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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