NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) 9. Investment in associates (CONT’D) (a) The summarised financial information of the associate that is material to the Group are as follows: MINT 2022 2021 RM’000 RM’000 Current assets 833 889 Current liabilities (142,055) (142,229) Net liabilities (141,222) (141,340) Financial year ended 31 December Revenue 150 - Profit/(Loss) during the financial year/Total comprehensive income/(loss) 118 (306) Group’s share of profit/(loss)/Total comprehensive loss for the financial year - - Reconciliation of net liabilities to carrying amount Group’s share of net liabilities (56,489) (56,536) Share of losses recognised 400 400 Share of losses in excess of the interest in the associate not recognised 56,089 56,136 Carrying amount of the Group’s interest in this associate - - The Group has not recognised losses relating to MINT, where its share of losses exceeded the Group’s interest in this associate. The Group’s cumulative share of unrecognised losses at the end of the reporting period was RM56.0 million (2021: RM56.1 million), of which approximately RM47,000 relates to the share of the current financial year’s losses. The Group has no obligations in respect of these losses PT Cartenz 2021 RM’000 Non-current assets 2,271 Current assets 7,831 Non-current liabilities (6,489) Current liabilities (6,265) Net liabilities (2,652) Financial year ended 31 December Revenue 5,449 Loss during the financial year/Total comprehensive expenses (4,024) Group’s share of losses/Total comprehensive loss for the financial year (765) Reconciliation of net liabilities to carrying amount Group’s share of net liabilities (503) Goodwill 12,516 Add: Deposits for future stock subscriptions in this associate 4,087 Carrying amount of the Group’s interest in this associate 16,100 200
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