254 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 21. Investment in associates (continued) Summarised financial information of the material associate, based on its MFRS/IFRS financial statements is set out below: (continued) (i) Shift Clean Solutions Ltd (continued) Summarised statement of comprehensive income#: 2023 RM million 2022 RM million Revenue 1 1 Cost of sales 1 - Administrative expenses * (39) (12) Loss before tax (37) (11) Income tax expense - - Loss for the financial year (37) (11) Other comprehensive income - - Total comprehensive loss (37) (11) Group’s share of loss for the financial year (7) (2) Group’s share of other comprehensive (loss)/income - - Group’s share of total comprehensive loss (7) (2) * Included in administrative expense is depreciation of RM7 million (2022: RM2 million). # For the financial year ended 31 January 2022, the financial results were from date of acquisition i.e. 6 October 2021 to 31 January 2022. (ii) Investment in other associates The summarised financial information of investment in other associates is not presented as these investments are individually immaterial to the Group.
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