215 F INANC IAL Statements Sect ion 05 Annual Report 2022 NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 22. INVESTMENT IN ASSOCIATES (Contd.) (b) Summarised financial information of RWHK and its subsidiaries, an associate material to the Group, is set out below: (i) Summarised statements of financial position 2022 RM’000 2021 RM’000 Non-current assets 742,382 733,364 Cash and bank balances 46,101 15,294 Other current assets 123,445 131,359 Total current assets 169,546 146,653 Total assets 911,928 880,017 Non-current liabilities (211,987) (235,467) Current liabilities (366,187) (331,366) Total liabilities (578,174) (566,833) Net assets 333,754 313,184 (ii) Summarised statements of profit or loss and other comprehensive income 2022 RM’000 2021 RM’000 Revenue 173,155 163,457 Profit before tax 50,840 45,498 Tax expense (12,590) (4,347) Profit after tax, representing total comprehensive income for the year 38,250 41,151 (iii) Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interest in an associate 2022 RM’000 2021 RM’000 Net assets as at 31 December 333,754 313,184 Interest in an associate 40% 40% 133,502 125,274 Add: Amount due from an associate 80,891 83,308 Carrying value of the Group’s interest in an associate 214,393 208,582 The summarised financial information of Ranhill Consulting Sdn. Bhd. and Ranhill Consulting (Sarawak) Sdn. Bhd. is not presented as they are not material to the Group.
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