86 EXCEL FORCE MSC BERHAD Notes to the Financial Statements (Cont’d) 8. Investment in Subsidiary Companies (Cont’d) (d) Material partly-owned subsidiary company (Cont’d) Summarised financial information for the subsidiary company that has non-controlling interests that is material to the Group is set out below. The summarised financial information below represents amounts before intercompany eliminations. (i) Summarised statement of financial position Xifu Sdn. Bhd. 30.6.2023 31.12.2021 RM RM Non-current assets - 576,122 Current assets - 1,330,414 Current liabilities - (89,568) Net assets - 1,816,968 (ii) Summarised statement of profit or loss and other comprehensive income Xifu Sdn. Bhd. 30.6.2023 31.12.2021 RM RM Revenue 5,276 - Loss for the financial year, representing total comprehensive income for the financial year (1,114,290) (409,529) (iii) Summarised statement of cash flows Xifu Sdn. Bhd. 30.6.2023 31.12.2021 RM RM Net cash used in operating activities - 1,893,124 Net cash used in investing activities - (571,738) Net cash generate from financing activities - - Net increase in cash and cash equivalents - 1,321,386
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