KUB Malaysia Berhad Annual Report 2021

19. INVESTMENT IN ASSOCIATES Group Company 30.6.2021 31.12.2019 30.6.2021 31.12.2019 RM’000 RM’000 RM’000 RM’000 Unquoted shares, at cost 26,833 26,833 25,854 25,854 Share of post-acquisition reserves 42,552 38,701 - - Disposal during the financial period/year (51,551) - (9,000) - 17,834 65,534 16,854 25,854 Less: Accumulated impairment losses (17,834) (17,834) (16,854) (16,854) - 47,700 - 9,000 A list of the associates is shown in Note 43. On 25 June 2020, the Company has disposed of 40% equity interest in KUB Berjaya Enviro Sdn Bhd (‘KUBE’) comprising 9,000,000 ordinary shares for a total cash consideration of RM80,000,000. The carrying amount of KUBE as at the date of disposal was RM49,482,000. The gain on disposal arising from this transaction for the Group and the Company is RM30,518,000 and RM71,000,000 respectively as disclosed in Note 9. KUB-Berjaya Enviro Sdn Bhd (i) Summarised statement of financial position 25.6.2020 31.12.2019 RM’000 RM’000 Non-current assets 182,212 180,621 Current assets 35,241 39,693 Total assets 217,453 220,314 Non-current liabilities 49,192 47,005 Current liabilities 44,556 54,060 Total liabilities 93,748 101,065 Total equity 123,705 119,249 (ii) Summarised statement of profit or loss and other comprehensive income 1.1.2020 to 1.1.2019 to 25.6.2020 31.12.2019 (6 months) (12 months) RM’000 RM’000 Revenue 37,601 79,992 Profit for the period/year 9,627 13,183 The Group’s share of profit 3,851 5,273 Dividend received from the associates during the period/year 2,070 - 109 ANNUAL REPORT 2021 FINANCIAL STATEMENTS