20. INVESTMENTS IN JOINT VENTURES (CONT’D.) (a) Summarised financial information of joint ventures that are material to the Group are set out below. The summarised financial information represents the amounts in the financial statements of the joint ventures and not the Group’s share of those amounts. (cont’d.) (ii) Summarised statement of comprehensive income TTSB TDCSB 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Revenue 48,434 28,943 66,471 133,572 Profit before tax 5,429 3,783 28,227 50,566 Profit after tax, representing total comprehensive income 2,602 2,910 18,709 41,540 (iii) Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interest in joint ventures: TTSB TDCSB 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Net assets as at 1 January 19,244 15,858 582,021 540,481 Profit for the financial year 2,602 2,910 18,709 41,540 21,846 18,768 600,730 582,021 Dividend paid during the financial year – – (44,933) – Intra-group transaction elimination 2,838 476 – – Net assets as at 31 December 24,684 19,244 555,797 582,021 Interests in joint venture 51% 51% 50% 50% Carrying amount of Group’s interest in joint ventures 12,589 9,814 277,898 291,011 (b) The joint ventures had no contingent liabilities as at 31 December 2022 and 31 December 2021. 237 FINANCIAL STATEMENTS & OTHER INFORMATION
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