200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 15. Investment in subsidiaries (cont'd) (a) During the financial year: (cont'd) (i) Additional investments (cont'd) The effect of the acquisition on cash flows is as follows: PASB BFDSB Total RM RM RM Purchase consideration 11,707,000 105,000 11,812,000 Less: Cash and cash equivalents of subsidiaries acquired (724,023) (2,102) (726,125) Net cash outflow on acquisition 10,982,977 102,898 11,085,875 (ii) Disposal of subsidiaries KTSB RSSB Total RM RM RM Net assets derecognised Development properties - 41,113,609 41,113,609 Other current assets - 1,899,773 1,899,773 Cash and bank balances 10 143,531 143,541 Loan and borrowings - (24,699,641) (24,699,641) Payables and other liabilities (5,000) (17,996,295) (18,001,295) Net assets derecognised (4,990) 460,977 455,987 Less: Non-controlling interest derecognised 1,497 (184,391) (182,894) Proceeds from disposal (7) (6) (13) (Gain)/loss on disposal of subsidiaries (3,500) 276,580 273,080 The effect of disposal of shares in subsidiaries on cash flows was as follows: KTSB RSSB Total RM RM RM Cash outflow arising on disposal (3) (143,525) (143,528) On the date of disposal, the difference between the consideration and the book value of the interest disposed was reflected as gain or loss on disposal in profit or loss. During the current financial year, KLLSB disposed its entire shareholding in Kii Tebrau Sdn. Bhd. ("KTSB") for a consideration of RM7. During the current financial year, PASB disposed its entire shareholdings in Rex Series Sdn Bhd ("RSSB") for a cash consideration of RM6. - 56 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 148
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