NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 20. INVESTMENTS IN JOINT VENTURES (CONT’D.) (a) Summarised financial information of joint ventures are set out below. The summarised financial information represents the amounts in the financial statements of the joint ventures and not the Group’s share of those amounts: (cont’d.) (iii) Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interest in joint ventures: TTSB TDCSB 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Net assets as at 1 January 49,302 24,684 526,488 555,797 Profit/(loss) for the financial year 15,373 20,384 (4,746) 14,691 64,675 45,068 521,742 570,488 Dividend paid during the financial year (12,000) (6,000) (42,000) (44,000) Intra-group transaction elimination 578 10,234 – – Net assets as at 31 December 53,253 49,302 479,742 526,488 Interests in joint venture 51% 51% 50% 50% Carrying amount of Group’s interest in joint ventures 27,159 25,144 239,871 263,244 (b) The joint ventures had no contingent liabilities as at 31 December 2024 and 31 December 2023. 21. OTHER INVESTMENTS Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 At FVTPL Non-current Transferable corporate golf club memberships 887 887 887 887 Current Money market fund investment 5,445 5,287 – – Quoted shares 167,389 169,267 – – 172,834 174,554 – – Total other investments 173,721 175,441 887 887 All quoted shares of the Group have been pledged to financial institutions for margin financing facilities granted to the Group. ANNUAL REPORT 2024 300
RkJQdWJsaXNoZXIy NDgzMzc=