7. INVESTMENTS IN SUBSIDIARIES (continued) Non-controlling interests in subsidiaries The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows: Material NCI Other individually immaterial subsidiaries Total PLife REIT Fortis Group GHK(i) 2023 RM’000 RM’000 RM’000 RM’000 RM’000 NCI percentage of ownership interest and voting interest 64.44% 68.83% 40.00% Carrying amount of NCI 1,374,314 2,457,613(ii) (1,111,158) 532,342 3,253,111 Profit/(loss) allocated to NCI 163,812 212,177(iii) (90,136) 153,228 439,081 Summarised financial information before intra-group elimination As at 31 December Non-current assets 5,455,873 6,242,572 2,208,530 Current assets 223,567 695,592 234,078 Non-current liabilities (3,054,107) (863,462) (4,697,767) Current liabilities (302,808) (1,685,785) (543,037) Net assets/(liabilities) 2,322,524 4,388,917(ii) (2,798,195) Year ended 31 December Revenue 407,806 3,691,453 1,161,023 Profit/(loss) for the year 254,435 300,519(iii) (225,534) Total comprehensive income/(expense) 227,354 130,712 (284,686) Cash flows from operating activities 367,777 495,256 154,749 Cash flows used in investing activities (167,689) (371,925) (40,504) Cash flows used in financing activities (229,821) (169,157) (85,504) Net (decrease)/increase in cash and cash equivalents (29,733) (45,826) 28,741 Dividends paid to NCI 93,367 34,170 – i GHK Hospital Limited (“GHK”). ii Includes net assets of RM496,963,000 attributable to NCIs within Fortis Group which are individually immaterial. iii Includes total profit of RM16,476,000 attributable to NCIs within Fortis Group which are individually immaterial. Annual Report 2023 169
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