Press Metal Annual Report 2024

Integrated Annual Report 2024 SECTION 6 • FINANCIAL STATEMENTS 271 Notes to the Financial Statements 8. INVESTMENTS IN ASSOCIATES (CONT’D) The following table summarises the information of the Group’s material associates, adjusted for any differences in accounting policies and reconciles the summarised financial information to the carrying amount of the Group’s interest in the associates. 2024 PMBT RM’000 Sunstone RM’000 PT BAI RM’000 NAIHL RM’000 Total RM’000 Summarised financial information As at 31 December Non-current assets 1,508,646 333,503 - 4,594,741 Current assets 925,570 375,659 - 2,959,547 Non-current liabilities (291,905) (12,976) - (134,424) Current liabilities (760,496) (423,265) - (1,587,771) Net assets 1,381,815 272,921 - 5,832,093 Year ended 31 December Total profit for the year 61,134 40,416 763,146 1,373,701 Total other comprehensive income/(expense) for the year 4,701 - - (298,637) Included in the total comprehensive income is: Revenue 902,352 843,725 1,854,782 2,717,297 Reconciliation of net assets to carrying amount as at 31 December Group’s share of net assets 321,461 54,584 - 1,492,433 Elimination of unrealised (profit)/loss (9,310) 6,981 - (27,131) Goodwill - - - 139,318 Elimination of withholding tax - - - 47,015 Others (20,831) - - (3,483) Carrying amount in the statement of financial position 291,320 61,565 - 1,648,152 2,001,037 Group’s share of results for the year ended 31 December Group’s share of profit 14,202 6,805 186,741 351,530 559,278 Group’s share of other comprehensive income/ (expense) 1,336 - - (130,664) (129,328) Group’s share of total comprehensive income 15,538 6,805 186,741 220,866 429,950 Other information Dividends received and receivable by the Group - - 119,831 297,773 417,604

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