NOTES TO THE FINANCIAL STATEMENTS Cont’d 7. Investments in subsidiaries cont’d 7.1 Non-controlling interests in subsidiaries The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows: 2022 Press Metal Sarawak Sdn. Bhd. Press Metal Bintulu Sdn. Bhd. Press Metal International Limited Other subsidiaries with immaterial NCI Total RM’000 RM’000 RM’000 RM’000 RM’000 NCI percentage of ownership interest and voting interest 20.0% 20.0% 7.6% Carrying amount of NCI 254,480 1,055,675 39,777 18,374 1,368,306 Profit allocated to NCI 28,377 319,600 13 11,781 359,771 Summarised financial information before intra-group elimination As at 31 December Non-current assets 694,055 6,778,049 510,075 Current assets 827,130 4,700,572 479,028 Non-current liabilities (104,397) (2,333,709) (68,575) Current liabilities (144,387) (3,866,536) (398,518) Net assets 1,272,401 5,278,376 522,010 Year ended 31 December Revenue 1,575,236 11,701,668 986,130 Profit for the year 141,885 1,597,999 169 Total comprehensive income 161,030 1,598,536 - Cash flows from operating activities 242,492 2,760,929 182,248 Cash flows from investing activities (34,780) (467,214) (66,519) Cash flows from financing activities (214,359) (2,394,937) (116,040) Net decrease in cash and cash equivalents (6,647) (101,222) (311) Dividends paid to NCI 15,100 120,800 - ANNUAL REPORT 2022 246
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