225 INTEGRATED ANNUAL REPORT 2024 Key Messages Financial Statements Other Information NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Overview of Wasco Berhad Value Creation Commitment to Governance Sustainability Journey 8 INVESTMENT IN SUBSIDIARIES (CONTINUED) Non-controlling interests in subsidiaries (continued) The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows (continued): Group Wasco ISOAF S.R.L. RM’000 Wasco Thermal Sdn. Bhd. RM’000 Wasco Coatings Malaysia Sdn. Bhd. RM’000 Wasco Pipe Sabah Sdn. Bhd. RM’000 2024 Summarised financial information before intra-group elimination As at 31 December Non-current assets - 71,457 222,347 51,586 Current assets 246,925 74,674 187,803 90,085 Non-current liabilities - (42,236) (153,890) - Current liabilities (155,582) (55,642) (54,315) (81,463) Net assets 91,343 48,253 201,945 60,208 Financial year ended 31 December Revenue 289,290 127,941 219,335 130,624 Net profit/(loss) (28,226) 12,430 60,656 (12,781) Cash flows from/(used in) operating activities (44,409) (2,822) 110,626 (29,208) Cash flows (used in)/from investing activities - (42,927) (19,480) 10,623 Cash flows from/(used in) financing activities 34,759 43,617 (147,354) 16,635 Net changes in cash and cash equivalents (9,650) (2,132) (56,208) (1,950) Dividend paid to NCI - - 20,400 -
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