200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 15. Investment in subsidiaries (cont'd) (b) In the previous financial year: (i) (ii) (c) The non-controlling interests at the end of the reporting period comprise the following: Proportion (%) of ownership interest 2024 2023 2024 2023 RM RM Bayu Damai Sdn. Bhd. 51 51 25,097,479 25,191,379 Other individually immaterial subsidiaries 1,214,696 1,332,503 26,312,175 26,523,882 (d) 2024 2023 RM RM At 31 December Non-current assets 135,070,759 129,625,922 Current assets 1,799,240 1,625,226 Current liabilities (15,154,477) (9,153,181) Non-current liability (72,504,780) (72,703,106) Net assets 49,210,743 49,394,861 Equity attributable to: - owners of the Company 24,113,264 24,203,482 - non-controlling interests 25,097,479 25,191,379 49,210,743 49,394,861 Bayu Damai Sdn. Bhd. Group The summarised financial information (before intra-group elimination) for subsidiary that has non-controlling interests that are material to the Group is as follows: the Company subscribed for additional ordinary shares in Kii Amber Sdn. Bhd., a whollyowned subsidiary of the Company for a total consideration of RM23,150,000 satisfied by cash. I-Buildtech Solution Pte. Ltd., a wholly-owned subsidiary of the Company had been struck off from the register pursuant to Section 344A of the Companies Act 1967 of Singapore and was accordingly dissolved. - 57 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 149 ANNUAL REPORT 2024
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