301 ANNUAL REPORT 2022 ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 20. Investment in joint ventures (continued) Summarised financial information of the material joint ventures, based on its MFRS/IFRS financial statements are set out below: (continued) (ii) PTSC Asia Pacific Pte. Ltd. 2022 2021 Summarised statement of financial position: RM million RM million Current assets* 236 224 Non-current assets 182 230 Current liabilities (3) (1) Net assets 415 453 Proportion of the Group’s ownership 49% 49% Group’s share of net assets 203 222 Accumulated impairment loss (13) (13) Carrying amount of the investment 190 209 * Included in current assets is cash and bank balances of RM210 million (2021: RM204 million). 2022 2021 Summarised statement of comprehensive income: RM million RM million Revenue 75 34 Cost of sales* (67) (54) Administrative expenses (1) (21) Profit/(Loss) before tax 7 (41) Other comprehensive income/(loss) 35 (8) Total comprehensive income/(loss) 42 (49) Group’s share of profit/(loss) for the financial year 3 (20) Group’s share of other comprehensive income/(loss) 17 (4) Group’s share of total comprehensive income/(loss) 20 (24) Dividend received from joint venture 31 - * Included in cost of sales is depreciation of RM57 million (2021: RM46 million).
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