252 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 20. Investment in joint ventures (continued) Summarised financial information of the material joint ventures, based on its MFRS/IFRS financial statements is set out below: (continued) (ii) PTSC Asia Pacific Pte. Ltd. Summarised statement of financial position: 2023 RM million 2022 RM million Current assets * 247 209 Non-current assets 126 182 Current liabilities (3) (3) Net assets 370 388 Proportion of the Group’s ownership 49% 49% Group’s share of net assets and carrying amount of the investment 181 190 * Included in current assets is cash and bank balances of RM220 million (2022: RM210 million). Summarised statement of comprehensive income: 2023 RM million 2022 RM million Revenue 82 75 Cost of sales * (68) (67) Administrative expenses - (1) Profit before tax 14 7 Other comprehensive income 6 35 Total comprehensive income 20 42 Group’s share of profit for the financial year 7 3 Group’s share of other comprehensive income 3 17 Group’s share of total comprehensive income 10 20 Dividend received from joint venture 32 31 * Included in cost of sales is depreciation of RM60 million (2022: RM57 million). (iii) Investment in other joint ventures The summarised financial information of investment in other joint ventures is not presented as these investments are individually immaterial to the Group.
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