200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 17. Investment in joint ventures (cont'd) (b) Summarised statements of comprehensive income of material joint venture Posh Atlantic Sdn. Bhd. ("PASB") 2024 2023 RM RM Revenue - 245,000 Depreciation - (18,140) Other operating income - 15,561 Finance costs - (3,319,229) Loss before tax from continuing operations - (4,450,679) Income tax expense - (177,571) Total comprehensive loss - (4,628,250) Attributable to: - owners of PASB - (4,274,694) - non-controlling interests - (353,556) - (4,628,250) (c) Posh Atlantic Sdn. Bhd. ("PASB") 2024 2023 RM RM Net assets attributable to owners of the Company at 1 January - 26,331,597 Total comprehensive loss attributable to owners of Company - (4,274,694) Net assets attributable to owners of the Company at 31 December - 22,056,903 Group's interest in PASB 51% Group's share of net assets of PASB - 11,249,021 Unrealised profit adjustments - (929,680) Carrying amount of individually immaterial joint ventures 2,118,476 2,173,881 Carrying amount of Group's interest in joint ventures 2,118,476 12,493,222 Group Reconciliation of the summarised financial information presented above to the carrying amount of the Group's interest in joint ventures. Group - 61 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 153 ANNUAL REPORT 2024
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