302 YINSON HOLDINGS BERHAD 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) (iii) Yinson Production West Africa Limited 2022 2021 Summarised statement of financial position: RM million RM million Current assets* 99 100 Non-current assets 14 14 Current liabilities (67) (96) Non-current liabilities (14) (14) Net assets 32 4 Proportion of the Group’s ownership 49% 49% Carrying amount of the investment 16 2 * Included in current assets is cash and bank balances of RM4 million (2021: RM16 million). 2022 2021 Summarised statement of comprehensive income: RM million RM million Revenue 236 206 Cost of sales (182) (200) Administrative expenses (13) (1) Finance costs (3) (5) Profit before tax 38 - Income tax expense (9) (9) Profit/(Loss) for the financial year 29 (9) Other comprehensive (loss)/income - - Total comprehensive income/(loss) 29 (9) Group’s share of profit/(loss) for the financial year 14 (4) Group’s share of other comprehensive income/(loss) - - Group’s share of total comprehensive income/(loss) 14 (4) (iv) Investment in other joint ventures The summarised financial information of investment in other joint ventures are not presented as these investments are individually immaterial to the Group.
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