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ENRICHING STAKEHOLDER ASPIRATIONS ENRICHING PERFORMANCE ENRICHING THE COMMUNITY ENRICHING ACCOUNTABILITY & INTEGRITY ENRICHING RESILIENCE & SUSTAINABLE GROWTH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

12. INVESTMENT IN ASSOCIATES (CONTINUED)
the summary of the financial information in relation to the associates of KWest sdn. bhd. is as disclosed below.

Compass IP Sdn. Bhd.
2023 2022
RM’000 RM’000

Summarised Financial Information
non-current assets 141,942 287,449
current assets 311,244 135,268
non-current liabilities (212,705) (206,580)
current liabilities (104,314) (83,315)
Net Assets 136,167 132,822

Extraction from Statement of Comprehensive Income
profit/(loss) from continuing operations 3,346 (12,180)
profit from discontinuing operations - -
Total Comprehensive Income/(Loss) 3,346 (12,180)

Included In The Total Comprehensive Income/(Loss) Is:
revenue 37,254 176

Reconciliation Of Net Assets To Carrying Amount As At 31 December
group’s share of net assets 27,233 26,564
carrying amount in the statement of financial position 27,233 26,564

in addition to the interests in associates disclosed above, the group also has interests in a number of individually
immaterial associates which are accounted for using the equity method.

2023 2022
RM’000 RM’000

Total Carrying Amount of Individually Immaterial Associates 632,930 464,725
aggregate amounts of the group’s share of:
(loss)/profit for the year (59,814) 102,279
other comprehensive income/(loss) 3,228 (16,675)
Total Comprehensive (Loss)/Income (56,586) 85,604

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