Dagang NeXchange Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 144 7. INVESTMENTS IN SUBSIDIARIES (CONTINUED) Summarised financial information before intra-group elimination (continued) Genaxis Group Global Innovation Associates PT Dagang Sdn. Bhd. eCommerce Limited Consulting Sdn. Bhd. Net Indonesia 2019 2018 2019 2018 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 As at 31 December Non-current assets 30,580 21,298 - - 1,757 1,482 233 - Current assets 2,475 6,194 450 - 80,381 81,712 201 715 Non-current liabilities (475) (447) - - (861) - - - Current liabilities (34,204) (27,092) (1,501) - (57,775) (73,713) (89) - Net (liabilities)/assets (1,624) (47) (1,051) - 23,502 9,481 345 715 Year ended 31 December Revenue 1,411 1,361 - - 88,744 89,569 - - (Loss)/Profit for the year (1,577) (1,453) (119) - 12,821 26,236 (388) - Total comprehensive (loss)/income (1,577) (1,453) (119) - 12,821 26,236 (388) - Net cash flows (used in)/ generated from operating activities (5,225) (2,252) (126) - (10,524) 66,897 (300) - Net cash flows (used in)/ generated from investing activities (2) (19,355) (113) - (6,813) 3,969 214 - Net cash flows generated from/(used in) financing activities 5,286 21,920 275 - 9,054 (53,825) 140 - 8. INVESTMENTS IN ASSOCIATES Group 2019 2018 RM’000 RM’000 At carrying amount Unquoted shares - outside Malaysia - at cost 42,038 41,955 - share of pre-acquisition gain of excess fair value 88,954 88,954 Share of post-acquisition profits 90,896 72,638 Net of dividend received (1,320) (627) Share of post-acquisition other comprehensive income (4,456) (2,013) 216,112 200,907