200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 17. Investment in joint ventures (cont'd) Place of business/ Proportion (%) Country of of ownership Name incorporation Principal activities interest 2024 2023 Held through KL Building Materials Sdn. Bhd.: Rock Projects Sdn. Bhd. Malaysia Quarry and quarry related 51 51 services * Audited by a firm of chartered accountants other than Ernst & Young PLT, Malaysia. ^ Classified as a subsidiary of the Company during the current financial year (Note 15) Summarised financial information on the significant joint venture is as follows: (a) Summarised statements of financial position of material joint venture Posh Atlantic Sdn. Bhd. ("PASB") 2024 2023 RM RM Non-current assets - 3,384,757 Current assets - 127,294,003 Total assets - 130,678,760 Current liabilities - 46,469,291 Non-current liabilities - 62,932,750 Total liabilities - 109,402,041 Equity attributable to owners of PASB - 22,056,903 Non-controlling interests - (780,184) - 21,276,719 Group - 60 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 152
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