NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 10 INVESTMENT IN ASSOCIATES (CONTINUED) The following table summarises the information of the Group’s material associates and reconciles the information to the carrying amount of the Group’s interest in the associates. The information has been adjusted to reflect the equity method of accounting, including fair value adjustments: Petra Energy Berhad Evraz Wasco Pipe Protection Corporation Other individually immaterial associates Total Group RM’000 RM’000 RM’000 RM’000 2022 Summarised financial information As at 31 December Non-current assets 281,193 44,472 Current assets 345,821 165,112 Non-current liabilities (35,107) - Current liabilities (214,510) (97,067) Net assets 377,397 112,517 Financial year ended 31 December Revenue 370,724 26,897 Net profit/(loss) 4,201 (26,065) Total comprehensive income/(loss) 4,201 (26,065) Reconciliation of net assets to carrying amount As at 31 December Group’s share of net assets 101,520 55,133 231 156,884 Goodwill - - 67 67 Less: Accumulated impairment loss - (55,133) - (55,133) Carrying amount in statement of financial position 101,520 - 298 101,818 Group’s share of results Financial year ended 31 December Group’s share of profit/(loss) 1,130 (12,772) 28 (11,614) Dividend receivable/received 3,462 - 85 3,547 Annual Report 2022 Wah Seong Corporation Berhad 157
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