ACCOUNTABILITY 222 YINSON HOLDINGS BERHAD 20. INVESTMENT IN SUBSIDIARIES (CONTINUED) (d) Non-controlling interests in subsidiaries (continued) The Group’s subsidiaries that have material non-controlling interests (“NCI”), based on effective equity interest are as follows: (continued) (ii) Yinson Boronia Consortium Pte. Ltd. (“YBC”) and its subsidiaries On 31 January 2025, the Group has lost control over YBC and YBC was deconsolidated from a subsidiary and reclassified as an investment in a joint venture of the Group. Refer to Note 50(g) for details on loss of control and 21(d)(i) for summarised financial information. 2025 RM million Effective equity interest held by NCI - Carrying value of NCI - Profit for the financial year attributable to NCI 246 Dividends paid to NCI 137 Financial year ended 31 January 2025 RM million Revenue 1,063 Profit for the financial year 746 Other comprehensive loss (88) Total comprehensive income 658 Cash flows generated from operating activities 509 Cash flows generated from investing activities 24 Cash flows used in financing activities (507) Net increase in cash and cash equivalents 26 The other subsidiaries of the Group which have non-controlling interests are individually not material. 21. INVESTMENT IN JOINT VENTURES Group 2026 RM million 2025 RM million Unquoted shares at cost - Within Malaysia 11 11 - Outside Malaysia 1,882 1,882 Share of post-acquisition reserves 140 110 Share of foreign currency translation reserve (93) 126 Accumulated impairment loss (6) (3) Share of net assets of joint ventures 1,934 2,126 (a) In the current financial year, movement in the investment in joint ventures includes the following: (i) During the financial year, YR Mazara Wind Pte Ltd, an indirect wholly-owned subsidiary of the Company, has made capital contributions in Limes 22 S.r.l (“Limes 22”) amounting to USD22,215 (approximately RM94,298). The equity interest in Limes 22 remains unchanged at 40% after the additional investment and Limes 22 remains as a joint venture.
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