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 2021 NCI percentage of ownership interest and voting interest 33.5% 49.0% 49.0% Carrying amount of NCI as at 31 December 542,155 125,872 24,766 69,428 762,221 (Loss)/profit allocated to NCI for the year ended 31 December (95,610) (3,497) (1,053) 2,443 (97,717) 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) * 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 2021 Non-current assets 1,830,177 85,647 114,435 Current assets 1,559,890 142,284 31,104 Non-current liabilities (335,100) – – Current liabilities (1,347,560) (2,205) (41,808) Net assets 1,707,407 225,726 103,731 Year ended 31 December 2021 Revenue 1,467,316 42,257 – (Loss)/profit for the year (274,140) 7,873 (2,150) Total comprehensive (loss)/income (258,296) 509 17,204 Cash (outflows)/inflows from operating activities (10,469) 27,896 2,646 Cash outflows from investing activities (37,769) (41,239) (94,218) Cash inflows from financing activities 107,097 – 41,460 Net increase/(decrease) in cash and cash equivalents 58,859 (13,343) (50,112) 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 2020 Non-current assets 1,897,783 83,224 – 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 81,163 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) 18. INVESTMENTS IN ASSOCIATES Group Corporation 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Unquoted shares in Malaysia, at cost 16,920 – 1,345 – Unquoted shares outside Malaysia, at cost 211 325 – 124 Share of post-acquisition profit 4,121 686 – – Share of other post-acquisition reserves (210) (315) – – Carrying amount of the investment 21,042 696 1,345 124 Details of the associates are disclosed in Note 41. NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 376 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 377 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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