YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 322 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 45. SUMMARY OF EFFECTS OF ACQUISITION OF COMPANIES (CONTINUED) 2024 (continued) Group (continued) (ii) On 31 July 2023, Yinson Bourvadia Holdings Pte. Ltd., an indirect wholly owned subsidiary of the Company, has completed the acquisition of 100% equity interest in AFPS B.V. from Atlanta Field B.V. by way of exercising the call option with a purchase cash consideration of USD22 million (RM99.3 million). Refer to Note 6(b)(iii) for details. (iii) On 6 September 2023, Yinson Green Technologies (M) Sdn. Bhd. (“YGTMSB”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 2,330,000 ordinary shares in Green EV Charge Sdn. Bhd. (“GEVCSB”) from Greentech Malaysia Alliances Sdn. Bhd. (“GTMA”) for a total cash consideration of RM4.66 million. This resulted in the increase of YGTMSB’s equity interest in GEVCSB from 81.27% to 90%. 2024 RM million Carrying amount of non-controlling interests acquired 2 Consideration paid to non-controlling interests (5) Excess of consideration paid recognised in the transactions with non-controlling interests reserve within equity (3) (iv) On 30 January 2024, YR Peru S.A.C, an indirect wholly-owned subsidiary of the Company, completed the acquisition of GR Cortarrama S.A.C at the purchase consideration of approximately USD25.0 million (approximately RM116.6 million). Refer to Note 16(b) for the details on this asset acquisition. Company Refer to Note 19 for the acquisitions during the financial year. 2023 Group During the financial year, the Group had completed the acquisitions for the following companies of which there were no consequential financial effects to the Group: (i) On 22 February 2022, YR Brazil Pte. Ltd. (“YR(BRZ)PL”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in EOL Vicosa V Ltda., EOL Vicosa VI Ltda., EOL Vicosa VII Ltda. and EOL Vicosa VIII Ltda. for total consideration of BRL28,500,000. (ii) On 23 February 2022, YR(BRZ)PL completed the acquisition of 100% equity interest in Santa Clara Energia Renovável Ltda. for a consideration of BRL30,240,000. (iii) On 8 September 2022, YR Indonesia C&I Pte. Ltd. (“YRICIPL”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 80% equity interest in PT Ineco Solar Solutions for a consideration of IDR9,006,358,994 (equivalent to RM2.7 million). (iv) On 27 October 2022, Yinson Green Technologies Pte. Ltd. (“YGTPL”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in GotSurge Pte. Ltd. for a consideration of SGD400,000 (equivalent to RM1.2 million).
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