Kimlun Corporation Berhad Annual Report 2024

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 15. Investment in subsidiaries (cont'd) (d) 2024 2023 RM RM Financial year ended 31 December Total comprehensive loss 184,118 212,520 Total comprehensive loss attributable to: - owner of the Company 90,218 104,135 - non-controlling interests 93,900 108,385 Net assets 184,118 212,520 Net cash flows (used in)/generated from operating activities (4,665,254) 7,480,335 Net cash flows used in investing activity (133,583) (118,379,517) Net cash flows generated from financing activities 5,065,562 102,742,520 Net increase/(decrease) in cash and cash equivalents 266,725 (8,156,662) Cash and cash equivalents at 1 January 42,946 8,199,608 Cash and cash equivalents at 31 December 309,671 42,946 16. Investment in an associate 2024 2023 RM RM Unquoted shares, at cost 490,000 - Share of post-acquisition reserves (329,650) - 160,350 - Represented by: Share of net assets 160,350 - Details of the associate are as follows: Place of business/ Proportion (%) Country of of ownership Name incorporation Principal activities interest 2024 2023 Held through Kii Amber Sdn. Bhd. Astaka Kimlun Sdn. Bhd. Malaysia Property development 49 - and property investment The summarised financial information (before intra-group elimination) for subsidiary that has non-controlling interests that are material to the Group is as follows (cont'd): Bayu Damai Sdn. Bhd. Group - 58 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 150

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