Yinson Annual Report 2021

250 YINSON HOLDINGS BERHAD SECTION 07 : ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 19. Investment in subsidiaries Company 2021 2020 RM million RM million Unquoted shares, at cost In Malaysia 569 818 Outside Malaysia 1,491 * 2,060 818 Accumulated impairment loss (49) (11) 2,011 807 * Cost of unquoted shares outside Malaysia is at its nominal value. During the financial year, the Company capitalised amount owing from subsidiaries amounted to RM1,984 million (2020: RM25 million). In the current financial year, an impairment loss was recognised for certain subsidiaries of the Group as a result of their recoverable amounts being estimated to be lower than their carrying amounts. (a) Details of subsidiaries are as follows: Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2021 2020 OY Labuan Limited Labuan 100 100 Dormant Yinson Energy Sdn. Bhd. (viii) 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 Dormant Yinson Global Corporation (S) Pte. Ltd. (i) Singapore 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 Yinson Nereus Ltd (x) (Liquidated) Republic of the Marshall Islands - 100 - Yinson Offshore Limited (v) (In liquidation) Labuan 100 100 Dormant Yinson Orchid Pte. Ltd. (x) (Liquidated) Singapore - 100 -