298 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 20. Investment in joint ventures Group 2022 2021 RM million RM million Unquoted shares at cost - Within Malaysia 9 - - Outside Malaysia 124 121 Share of post acquisition reserves 192 230 Share of foreign currency translation reserve 107 89 Accumulated impairment loss (13) (13) Share of net assets of joint ventures 419 427 Company 2022 2021 RM million RM million Unquoted shares at cost: - Outside Malaysia 120 120 Details of joint ventures are as follows: Name of joint ventures Countries of incorporation Proportion (%) of ownership interest Principal activities 2022 2021 PTSC Asia Pacific Pte. Ltd. (a) Singapore 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction PTSC South East Asia Pte. Ltd. (a) Singapore 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through Yinson Production Pte. Ltd.: Yinson Production West Africa Limited (a) Ghana 49 49 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Held through Yinson Ghacacia Ltd: Yinson Gazania Operations Limited (a) Ghana 49 49 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry
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