Yinson Annual Report 2020

260 Notes to the financial statements (cont’d) For the financial year ended 31 January 2020 Yinson Holdings Berhad SECTION 7 ACCOUNTABILITY 19. Investment in subsidiaries Company 2020 2019 RM’000 RM’000 Unquoted shares, at cost In Malaysia 818,021 793,938 Outside Malaysia * * 818,021 793,938 Accumulated impairment loss (11,059) (3,457) 806,962 790,481 * Cost of unquoted shares outside Malaysia is at its nominal value. During the financial year, the Company capitalised amount owing from a subsidiary amounted to RM24,602,000. In the current financial year, an impairment loss of RM7,602,000 (2019: RM3,457,000) was recognised for certain subsidiaries of the Group as a result of their recoverable amounts being estimated to be lower than their carrying amounts, which mainly arose from cumulative losses incurred by these subsidiaries. (a) Details of subsidiaries are as follows: Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2020 2019 OY Labuan Limited Labuan 100 100 Dormant Yinson Energy Sdn. Bhd. (vi) Malaysia 30 30 Provision of agency, consultancy, engineering and marine support services for oil and gas industry Yinson Engineering Solutions Pte. Ltd. (i) Singapore 100 100 Business and management consultancy services Yinson Global Corporation (S) Pte. Ltd. (i)(ii) Singapore 100 - Investment holding Yinson Indah Limited Labuan 100 100 Dormant Yinson Macacia Limited Labuan 100 100 Investment holding Yinson Marine Services Sdn. Bhd. Malaysia 100 100 Provision of work permit and consultancy services Yinson Mawar Sdn. Bhd. Malaysia 100 100 Investment in properties