MISC Integrated Annual Report 2020

17. INVESTMENTS IN SUBSIDIARIES (CONT’D. ) Non-controlling interests in subsidiaries The Group’s subsidiaries that have material non-controlling interests (“NCI”) are Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”), Asia LNG Transport Sdn. Bhd. (“ALT”) and Asia LNG Transport Dua Sdn. Bhd. (“ALT 2”) as shown below: MHB ALT ALT 2 Others* Total RM’000 RM’000 RM’000 RM’000 RM’000 2020 NCI percentage of ownership interest and voting interest 33.5% 49.0% 49.0% Carrying amount of NCI as at 31 December 632,447 125,622 16,304 103,902 878,275 (Loss)/profit allocated to NCI for the year ended 31 December (138,466) (2,592) (85) 14,379 (126,764) 2019 NCI percentage of ownership interest and voting interest 33.5% 49.0% 49.0% Carrying amount of NCI as at 31 December 775,755 130,146 46,386 74,239 1,026,526 (Loss)/profit allocated to NCI for the year ended 31 December (9,457) (5,252) 8,567 16,054 9,912 * Other individually immaterial subsidiaries Summarised financial information before intra-group elimination MHB ALT ALT 2 RM’000 RM’000 RM’000 As at 31 December 2020 Non-current assets 1,897,783 83,224 64,132 Current assets 1,248,568 128,546 81,398 Non-current liabilities (242,964) – – Current liabilities (937,684) (1,471) (235) Net assets 1,965,703 210,299 145,295 Year ended 31 December 2020 Revenue 1,566,750 42,040 – (Loss)/profit for the year (401,286) 9,815 (173) Total comprehensive loss (415,736) (9,231) (61,391) Cash inflows/(outflows) from operating activities 136,062 29,199 (267) Cash (outflows)/inflows from investing activities (216,552) 2,612 (49,458) Cash inflows from financing activities 57,630 – – Net (decrease)/increase in cash and cash equivalents (22,860) 31,811 (49,725) 17. INVESTMENTS IN SUBSIDIARIES (CONT’D. ) Non-controlling interests in subsidiaries (cont’d.) Summarised financial information before intra-group elimination (cont’d.) MHB ALT ALT 2 RM’000 RM’000 RM’000 As at 31 December 2019 Non-current assets 2,034,854 104,007 15,783 Current assets 1,183,122 101,338 131,242 Non-current liabilities (187,471) – – Current liabilities (649,068) (917) (146) Net assets 2,381,437 204,428 146,879 Year ended 31 December 2019 Revenue 1,009,541 37,562 161 (Loss)/profit for the year (34,220) 5,204 19,396 Total comprehensive (loss)/income (35,780) (12,960) 15,880 Cash inflows/(outflows) from operating activities 123,852 13,186 (6,439) Cash (outflows)/inflows from investing activities (175,497) (16,146) 89,195 Cash inflows from financing activities 124,015 – – Net increase/(decrease) in cash and cash equivalents 72,370 (2,960) 82,756 18. INVESTMENTS IN ASSOCIATES Group Corporation 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Unquoted shares outside Malaysia, at cost 325 331 124 124 Share of post-acquisition profit 686 455 – – Share of other post-acquisition reserves (315) (304) – – Carrying amount of the investment 696 482 124 124 Details of the associates are disclosed in Note 41. 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 10 396 10 397 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020