Yinson Annual Report 2021

265 ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 20. Investment in joint ventures (continued) Summarised financial information of the material joint ventures, based on its MFRS/IFRS financial statements are set out below: (continued) (iii) Yinson Production West Africa Limited 2021 2020 RM million RM million Summarised statement of financial position: Current assets* 100 116 Non-current assets 14 16 Current liabilities (96) (104) Non-current liabilities (14) (16) Net assets 4 12 Proportion of the Group's ownership 49% 49% Carrying amount of the investment 2 6 * Included in current assets is cash and bank balances of RM16 million (2020: RM15 million). 2021 2020 Summarised statement of comprehensive income: RM million RM million Revenue 206 192 Cost of sales* (200) (145) Other income - 10 Administrative expenses (1) (28) Finance costs (5) (5) Profit before tax - 24 Income tax expense (9) (9) (Loss)/Profit for the financial year (9) 15 Other comprehensive (loss)/income - - Total comprehensive (loss)/income (9) 15 Group's share of (loss)/profit for the financial year (4) 7 Group's share of other comprehensive (loss)/income - - Group's share of total comprehensive (loss)/income (4) 7 * Included in cost of sales is depreciation of RM1 million in the prior financial year. (iv) Investment in other joint ventures The summarised financial information of investment in other joint ventures are not presented as these investments are individually immaterial to the Group.