ENRA Group Berhad Annual Report 2019

96 ENRA GROUP BERHAD ∞ Annual Report 2019 page Notes to the Financial Statement 31 March 2019 7. INVESTMENTS IN SUBSIDIARIES (cont’d) (f) The subsidiaries of the Group that have material non-controlling interests (“NCI”) are as follows: (cont’d) The summarised financial information before intra-group elimination are as follows: (cont’d) ENRA Engineering And Fabrication Sdn. Bhd. RM’000 ENRA SPM Sdn. Bhd. RM’000 Landmark Zone Sdn. Bhd. RM’000 Fitzrovia Developments Limited RM’000 ENRA IOL Sdn. Bhd. RM’000 2018 Results Revenue 11,549 1,079 16,835 - - (Loss)/Profit for the financial year (7,808) 97 1,631 (175) - Total comprehensive (loss)/ income (7,808) 97 1,631 (165) - Cash flows (used in)/from operating activities - (4,588) 1,985 (7,950) - Cash flows from/(used in) investing activities - 6,159 (9,923) 17,481 - Cash flows used in financing activities - (39) (18,630) (10,734) - Net increase/(decrease) in cash and cash equivalents - 1,532 (26,568) (1,203) - A subsidiary is an entity in which the Group and the Company are exposed, or have rights, to variable returns from its involvement with the subsidiary and have the ability to affect those returns through its power over the subsidiary. An investment in subsidiary, which is eliminated on consolidation, is stated in the separate financial statements of the Company at cost less accumulated impairment losses, if any. Put options written over non-controlling interests on the acquisition of subsidiary shall be included as part of the cost of investment in the separate financial statements of the Company. Subsequent changes in the fair value of the written put options over non- controlling interests shall be recognised in profit or loss. Investments accounted for at cost shall be accounted for in accordance with MFRS 5 Non-current Assets Held for Sale and Discontinued Operations when they are classified as held for sale (or included in a disposal group that is classified as held for sale) in accordance with MFRS 5. When control of a subsidiary is lost as a result of a transaction, event or other circumstance, the Group would derecognise all assets, liabilities and non-controlling interests at their carrying amount and to recognise the fair value of the consideration received. Any retained interest in the former subsidiary is recognised at its fair value at the date control is lost. The resulting difference is recognised as a gain or loss in profit or loss.