7 165 164 Notes to the Financial Statements Notes to the Financial Statements 7. INVESTMENT IN SUBSIDIARIES (CONTINUED) Non-controlling interests in subsidiaries (continued) The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows: (continued) 31.3.2022 QL Endau Marine Products Sdn. Bhd. and its subsidiaries RM’000 QL Ansan Poultry Farm Sdn. Bhd. and its subsidiaries RM’000 PT Pipit Mutiara Indah RM’000 Kembang Subur Sdn. Bhd. and its subsidiaries RM’000 Boilermech Holdings Berhad and its subsidiaries RM’000 Other individually immaterial subsidiaries RM’000 Total RM’000 NCI percentage of ownership interest and voting interest 29.41% 10.00% 25.50% 12.78% 48.01% Carrying amount of NCI 65,095 6,635 2,609 5,600 149,175 6,167 235,281 Total comprehensive income/(expense) allocated to NCI 3,636 (698) 6,547 491 8,189 127 18,292 Summarised financial information before intra-group elimination As at 31 March Non-current assets 144,067 126,671 167,823 49,435 177,617 Current assets 101,997 72,541 133,068 8,390 245,118 Non-current liabilities (15,881) (43,252) (8,064) (6,407) (21,861) Current liabilities (8,846) (88,836) (282,596) (7,598) (93,861) Net assets 221,337 67,124 10,231 43,820 307,013 7. INVESTMENT IN SUBSIDIARIES (CONTINUED) Non-controlling interests in subsidiaries (continued) The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows: (continued) 31.3.2022 QL Endau Marine Products Sdn. Bhd. and its subsidiaries RM’000 QL Ansan Poultry Farm Sdn. Bhd. and its subsidiaries RM’000 PT Pipit Mutiara Indah RM’000 Kembang Subur Sdn. Bhd. and its subsidiaries RM’000 Boilermech Holdings Berhad and its subsidiaries RM’000 Year ended 31 March Revenue 152,851 174,775 125,326 32,712 317,760 Total comprehensive income/(expense) 12,364 (6,838) 26,672 3,844 19,329 Cash flows from/(used in) operating activities 19,636 16,526 43,275 8,474 (21,548) Cash flows from/(used in) investing activities 284 (15,512) (2,456) (3,672) (568) Cash flows (used in)/from financing activities (15,837) 1,580 - (7,507) (10,621) 4,083 2,594 40,819 (2,705) (32,737) Dividends paid to NCI (4,617) - - (793) (4,837) 8. INVESTMENT IN ASSOCIATES Group 2023 RM’000 2022 RM’000 At cost: Unquoted shares 5,794 2,594 Less: Impairment loss (49) (49) 5,745 2,545 Share of post-acquisition reserve 457 (154) 6,202 2,391 During the year, the Group via its wholly-owned subsidiary, QL Feedingstuffs Sdn. Bhd. acquired 2,500,000 ordinary shares in Belmont Logistics Sdn. Bhd. (“Belmont”) representing 25% of the issued and paid-up capital in Belmont for a total consideration of RM3,200,000 only.
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