Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2019 (cont’d) 127 17. Investment in joint ventures (cont'd) Summarised financial information on the significant joint venture is as follows: (i) Summarised statements of financial position of material joint venture Posh Atlantic Sdn Bhd 2019 2018 RM RM Non-current assets 32,984 40,583 Current assets 81,526,246 31,470,198 Total assets 81,559,230 31,510,781 Current liabilities 2,476,408 2,675,549 Non-current liabilities 49,940,148 - Total liabilities 52,416,556 2,675,549 Equity attributable to owners of PASB 29,161,695 28,835,232 Non-controlling interests (19,021) - 29,142,674 28,835,232 (ii) Summarised statements of comprehensive income of material joint venture Posh Atlantic Sdn Bhd 2019 2018 RM RM Revenue 2,518,348 1,928,642 Depreciation (6,945) (6,945) Other operating income 646,132 686,469 Finance costs (181,084) - Profit before tax from continuing operations 527,831 1,114,945 Income tax expense (220,393) (258,764) Total comprehensive income 307,438 856,181 Attributable to: - owners of PASB 326,463 856,181 - non-controlling interests (19,025) - 307,438 856,181 Group Group