157 7. INVESTMENTS IN SUBSIDIARIES (continued) Non-controlling interests in subsidiaries (continued) The Group’s subsidiaries that have material non-controlling interests ("NCI") are as follows (continued): Material NCI Other individually immaterial subsidiaries Total PLife REIT Fortis Group GHK(i) 2023 RM’mil RM’mil RM’mil RM’mil RM’mil NCI percentage of ownership interest and voting interest 64.44% 68.83% 40.00% Carrying amount of NCI 1,374 2,458(ii) (1,111) 532 3,253 Profit/(loss) allocated to NCI 164 212(iii) (90) 153 439 Summarised financial information before intra-group elimination As at 31 December Non-current assets 5,456 6,242 2,208 Current assets 223 695 234 Non-current liabilities (3,054) (863) (4,698) Current liabilities (303) (1,686) (543) Net assets/(liabilities) 2,322 4,388(ii) (2,799) Year ended 31 December Revenue 408 3,691 1,161 Profit/(loss) for the year 253 300(iii) (225) Total comprehensive income/(expense) 227 131 (285) Cash flows from operating activities 368 495 155 Cash flows used in investing activities (168) (372) (40) Cash flows used in financing activities (230) (169) (85) Net (decrease)/increase in cash and cash equivalents (30) (46) 30 Dividends paid to NCI 93 34 – i GHK Hospital Limited (“GHK”). ii Includes net assets of RM497 million attributable to NCIs within Fortis Group which are individually immaterial. iii Includes total profit of RM16 million attributable to NCIs within Fortis Group which are individually immaterial. Significant restrictions PLife REIT The Group does not have significant restrictions on its ability to access or use the assets and settle the liabilities of PLife REIT other than those resulting from the regulatory framework within which the subsidiary operates. PLife REIT is regulated by the Monetary Authority of Singapore (“MAS”) and is supervised by the Singapore Exchange Securities Trading Limited (“SGX-ST”) for compliance with the Singapore Listing Rules. Under the regulatory framework, transactions with PLife REIT are either subject to review by PLife REIT’s Trustee or must be approved by a majority of votes by the remaining holders of Units in PLife REIT (“Unitholders”) at a meeting of Unitholders. The assets of PLife REIT are held in trust by a Trustee for the Unitholders.
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