225 INTEGRATED ANNUAL REPORT 2025 ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 21. INVESTMENT IN JOINT VENTURES (CONTINUED) (d) Summarised financial information of the material joint ventures, based on its MFRS/IFRS financial statements is set out below: (continued) (ii) PTSC Asia Pacific Pte. Ltd. 2025 RM million 2024 RM million Summarised statement of financial position: Current assets* 362 314 Non-current assets 149 116 Current liabilities (54) (5) Net assets 457 425 Proportion of the Group’s ownership 49% 49% Carrying amount of the investment 224 208 * Included in current assets is cash and bank balances of RM335 million (2024: RM299 million). 2025 RM million 2024 RM million Summarised statement of comprehensive income: Revenue 182 82 Cost of sales* (130) (56) Interest income 13 9 Other income - 25 Profit before tax 65 60 Income tax expense (2) - Profit for the financial year 63 60 Other comprehensive (loss)/income (31) 41 Total comprehensive income 32 101 Group’s share of profit for the financial year 31 29 Group’s share of other comprehensive (loss)/income (15) 20 Group’s share of total comprehensive income 16 49 Dividend received from joint venture - 22 * Included in cost of sales is depreciation of RM35 million (2024: RM49 million).
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