Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 17. Investment in joint ventures (cont'd) (ii) Summarised statements of comprehensive income of material joint venture Posh Atlantic Sdn Bhd 2020 2019 RM RM Revenue 1,475,700 2,518,348 Depreciation (6,866) (6,945) Other operating income 137,672 646,132 Finance costs (1,483,700) (181,084) (Loss)/profit before tax from continuing operations (1,397,164) 527,831 Income tax expense/(credit) 43,623 (220,393) Total comprehensive (loss)/income (1,353,541) 307,438 Attributable to: - owners of PASB (1,322,480) 326,463 - non-controlling interests (31,061) (19,025) (1,353,541) 307,438 (iii) 2020 2019 RM RM Posh Atlantic Sdn Bhd ("PASB") Net assets attributable to owners of the Company at 1 January 29,161,695 28,835,232 Total comprehensive (loss)/income attributable to owners of Company (1,322,480) 326,463 Net assets attributable to owners of the Company at 31 December 27,839,215 29,161,695 Group's interest in PASB 51% 51% Group's share of net assets of PASB 14,198,000 14,872,464 Unrealised profit adjustments (336,823) (378,960) Carrying amount of individually immaterial joint ventures 3,752,139 3,746,374 Carrying amount of Group's interest in joint ventures 17,613,316 18,239,878 Group Reconciliation of the summarised financial information presented above to the carrying amount of the Group's interest in joint ventures Group - 74 - 131 Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020