KUB Malaysia Berhad Annual Report 2021

33. NON-CONTROLLING INTERESTS Details of non-wholly owned subsidiaries that have material non-controlling interests: Profit/(Loss) allocated Accumulated to non-controlling non-controlling interests interests 1.1.2020 to 1.1.2019 to 30.6.2021 31.12.2019 30.6.2021 31.12.2019 (18 months) (12 months) RM’000 RM’000 RM’000 RM’000 Name of subsidiaries KUB Sepadu Sdn Bhd 4,064 1,507 11,466 7,402 KUB Maju Mill Sdn Bhd (14) (531) (18,503) (18,489) KUB Telekomunikasi Sdn Bhd (1,035) - 4,989 - Others (2) - - 595 3,013 976 (2,048) (10,492) Proportion of ownership held by non-controlling interests in KUB Sepadu Sdn Bhd: 40% (31.12.2019: 40%), KUB Maju Mill Sdn Bhd: 33.9% (31.12.2019: 33.9%) and KUB Telekomunikasi Sdn Bhd (‘KUBTel’): 40% (31.12.2019: Nil). On 7 August 2020, a wholly-owned subsidiary of the Company namely KUB Ekuiti Sdn Bhd (‘KUBE’), had entered into a joint venture arrangement with HFR, Inc., in relation to KUBTel, a wholly-owned subsidiary of KUBE, via the disposal of 5,600,000 ordinary shares representing 40% of the issued share capital of KUBTel for cash consideration of RM7,200,000. Included in non-controlling interests balances for KUBTel is RM6,024,000 arriving from the disposal of the Group’s interest in KUBTel. Summarised financial information in respect of the Group’s subsidiaries that have material non-controlling interests are set out below. The summarised financial information below represents amounts before intragroup eliminations and consolidation adjustments. (i) Summarised statement of financial position KUB KUB Sepadu Maju Mill KUBTel 30.6.2021 RM’000 RM’000 RM’000 Non-current assets 50,084 - 1,675 Current assets 16,925 71 19,736 Total assets 67,009 71 21,411 Non-current liabilities 7,266 - 589 Current liabilities 31,079 54,653 8,349 Total liabilities 38,345 54,653 8,938 Total equity/(capital deficiency) 28,664 (54,582) 12,473 Non-controlling interests 11,466 (18,503) 4,989 Equity attributable to owners of the Company 17,198 (36,079) 7,484 NOTES TO THE FINANCIAL STATEMENTS 124 KUB MALAYSIA BERHAD