Notes to the Financial Statements for the Financial Year Ended 30 September 2024 MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People PG. 240 15. INVESTMENT IN SUBSIDIARIES (CONT’D) Non-controlling interests (Cont’d) The financial information of the subsidiaries that have material NCI before intra-group elimination are as follows: (Cont’d) Amona Metro Development Sdn. Bhd. PT Maju Kalimantan Hadapan∞ Alif Mesra Sdn. Bhd. Temara Pekeliling Sdn. Bhd. Vista Haruman Development Sdn. Bhd. MKH Property Ventures Sdn. Bhd. Amona MKH Ventures Sdn. Bhd. RM RM RM RM RM RM RM 2023 Cash flows from/(used in): Operating activities 13,117,130 61,345,191 30,032,953 13,240,276 (359,629) (33,913,416) 72,781 Investing activities - (26,124,882) - - - (385,621) - Financing activities (34,950,400) (2,116,492) (93,000,000) (35,065,000) - 20,000,000 (172,710) Net (decrease)/increase in cash and cash equivalents (21,833,270) 33,103,817 (62,967,047) (21,824,724) (359,629) (14,299,037) (99,929) Dividends paid to NCI 11,736,000 - 22,050,000 19,200 - - - Redemption of redeemable preference shares paid to NCI - - 10,500,000 - - - - Realisation of bonus shares paid to NCI - - - 5,591,200 - - - ∞ T he changes of non-controlling interests from PTMKH to MKHOP is due to acquisition of remaining 5.67% equity interest in PTMKH by MKHOP during the financial year which resulted in PTMKH to be wholly owned subsidiary of MKHOP and the Company. Subsequently due to dilution of equity interest in MKHOP to 64.86%, the non-controlling interest of MKHOP is disclosed as per above. The details of the acquisition and dilution is disclosed under Note (a) Changes in proportion of ownership interest - MKHOP. There are no significant restrictions on the Company’s ability to access or use the assets and to settle the liabilities of the Group.
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