14. INVESTMENTS IN ASSOCIATES (CONTINUED) The following table summarises, in aggregate, the Group’s share of profit and other comprehensive income of the Group’s individually immaterial associates accounted for using the equity method. 2024 2023 2022 $’000 $’000 $’000 The Group’s share of profit before income tax 14 20 283 The Group’s share of profit after income tax 14 20 283 The Group’s share of total comprehensive income 14 20 283 Aggregate carrying amount of the Group’s interest in these associates 270 256 537 Reconciliation of the summarised financial information presented to the carrying amount of the Group’s interest in significant associates for the financial year ended 30 September 2024, 30 September 2023 and 30 September 2022, are as follows: PIIPL Group SRPL NSAPL Group Total $’000 $’000 $’000 $’000 30 September 2024 Proportion of Group ownership 49% 20% 31.1% Net assets/(liabilities) of the associates (110,125) 1,570 16,694 (91,861) Interest in associates (53,961) 314 4,969 (48,678) Carrying value of Group’s interest in associates (53,961) 314 4,969 (48,678) Amount due from associates 86,123 – – 86,123 Less: allowance for impairment loss (4,000) – – (4,000) Less: elimination of unrealised profit (7,235) – – (7,235) Total carrying value of significant associates 20,927 314 4,969 26,210 Add: Carrying amount of individually immaterial associate, in aggregate 270 Carrying amount of Group’s interest in associates 26,480 KHPL PIIPL Group SRPL NSAPL Group Total $’000 $’000 $’000 $’000 $’000 30 September 2023 (Restated) Proportion of Group ownership 20% 49% 20% 31.1% Net assets/(liabilities) of the associates 251,810 (99,427) 1,494 16,219 170,096 Less: equity reserve (168,758) – – – (168,758) Interest in associates 16,609 (48,718) 299 4,698 (27,112) Carrying value of Group’s interest in associates 16,609 (48,718) 299 4,698 (27,112) Amount due from associates 34,601 88,094 – – 122,695 Less: allowance for impairment loss (14,795) (27,285) – – (42,080) Less: elimination of unrealised profit – (7,654) – – (7,654) Total carrying value of significant associates 36,415 4,437 299 4,698 45,849 Add: Carrying amount of individually immaterial associate, in aggregate 256 Carrying amount of Group’s interest in associates 46,105 100 KEONG HONG HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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