Integrated Annual Report 2024 SECTION 6 • FINANCIAL STATEMENTS 269 Notes to the Financial Statements 7. INVESTMENTS IN SUBSIDIARIES (CONT’D) 7.1 Non-controlling interests in subsidiaries (cont’d) 2023 Press Metal Sarawak Sdn. Bhd. RM’000 Press Metal Bintulu Sdn. Bhd. RM’000 Press Metal International Limited RM’000 Other subsidiaries with immaterial NCI RM’000 Total RM’000 NCI percentage of ownership interest and voting interest 20.0% 20.0% 11.7% Carrying amount of NCI 252,085 1,104,543 67,655 38,956 1,463,239 Profit allocated to NCI 19,178 269,091 1,752 12,703 302,724 Summarised financial information before intra-group elimination As at 31 December Non-current assets 640,206 6,453,829 626,889 Current assets 854,023 4,302,735 461,607 Non-current liabilities (102,166) (2,184,125) (71,614) Current liabilities (131,639) (3,049,725) (440,116) Net assets 1,260,424 5,522,714 576,766 Year ended 31 December Revenue 1,353,450 10,366,544 872,059 Profit for the year 95,891 1,345,457 14,935 Total comprehensive income 59,023 1,100,173 - Cash flows from operating activities 126,713 2,861,699 95,793 Cash flows from investing activities (27,341) (493,731) (129,021) Cash flows from financing activities (73,017) (1,887,471) 43,349 Net increase in cash and cash equivalents 26,355 480,497 10,121 Dividends paid to NCI 14,200 158,900 - 7.2 Material accounting policy information Investments in subsidiaries are measured in the Company’s statement of financial position at cost less any impairment losses, unless the investment is classified as held for sale or distribution.
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