WASCO BERHAD 226 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 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 Other individually immaterial subsidiaries RM’000 Total RM’000 2023 NCI percentage of ownership interest and voting interest 27% 40% 30% 30% Carrying amount of NCI 34,680 14,329 61,551 (1,060) 6,084 115,584 Net profit allocated to NCI 19,488 5,268 19,768 310 1,592 46,426
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