GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 130 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 16. INVESTMENTS IN SUBSIDIARIES (cont’d) (p) The summarised financial information before intra-group elimination of the subsidiaries that have material NCI as at the end of each reporting period are as follows: Speed Pay Plc. 2019 RM Assets and liabilities Non-current assets 897,495 Current assets 1,819,483 Current liabilities (1,183,474) Net assets 1,533,504 Results Revenue 6,214 Loss for the financial year (3,845,604) Other comprehensive income 47,105 Total comprehensive loss (3,798,499) Cash flows used in operating activities (2,584,877) Cash flows used in investing activities (185,986) Cash flows from financing activities 3,438,120 Net increase in cash and cash equivalents 667,257 (q) Reconciliation of profit or loss of the subsidiaries that have material NCI to the profit allocated to NCI is as follows: Speed Pay Plc. 2019 RM Loss for the financial year (3,845,604) Less: Loss for the financial year before acquisition 305,930 Profit, net of Group’s adjustments (3,539,674) NCI percentage of ownership and voting interest 49% Profit allocated to NCI (1,734,440)