ACCOUNTABILITY | FINANCIAL STATEMENTS 261 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 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. (continued) 2024 RM million 2023 RM million Summarised statement of comprehensive income: Revenue 82 82 Cost of sales* (56) (68) Interest income 9 - Other income 25 - Profit before tax 60 14 Other comprehensive income 41 6 Total comprehensive income 101 20 Group’s share of profit for the financial year 29 7 Group’s share of other comprehensive income 20 3 Group’s share of total comprehensive income 49 10 Dividend received from joint venture 22 32 * Included in cost of sales is depreciation of RM49 million (2023: RM60 million). (iii) Shift Clean Solutions Ltd 2024 RM million 2023 RM million Summarised statement of financial position: Current assets* 47 56 Non-current assets 188 338 Current liabilities (23) (39) Non-current liabilities (60) - Net assets 152 355 Proportion of the Group’s ownership 44% 20% Carrying amount of the investment 67 71 * Included in current assets is cash and bank balances of RM1 million (2023: not more than RM1 million).
RkJQdWJsaXNoZXIy NDgzMzc=