140 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 23 INVESTMENT IN SUBSIDIARIES (CONTINUED) (e) Summarised financial information on subsidiaries with material non-controlling interests (continued) Set out below are the summarised financial information for each subsidiary that has non-controlling interests that are material to the Group (other subsidiaries that have non-controlling interests are individually not significant). (continued) Summarised statements of comprehensive income MSM Malaysia Holdings Berhad Group FGV Palm Industries Sdn. Bhd. 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Revenue 3,091,223 2,565,985 1,005,006 924,141 (Loss)/profit before zakat and taxation (28,013) (178,147) 39,042 72,984 Taxation and zakat (21,871) (173) (16,879) (5,628) (Loss)/profit for the financial year (49,884) (178,320) 22,163 67,356 Other comprehensive income/(loss) 213 1,984 (343) 436 Total comprehensive (loss)/income (49,671) (176,336) 21,820 67,792 (Loss)/profit attributable to non-controlling interest (24,443) (87,377) 6,206 18,860 Total comprehensive (loss)/income attributable to non-controlling interest (24,339) (86,405) 6,110 18,982 Accumulated non-controlling interest 668,782 693,121 417,084 432,197 Dividends paid to non-controlling interest - 10,374 21,223 43,267 Summarised statements of cash flows MSM Malaysia Holdings Berhad Group FGV Palm Industries Sdn. Bhd. 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cash flow (used in)/generated from operations (101,494) 53,724 120,626 210,927 Retirement benefits paid - - (1,577) (1,354) Zakat paid (1,000) (1,000) (2,260) (1,417) Income tax paid (14,211) (23,706) (44,356) (17,413) Net cash (used in)/generated from operating activities (116,705) 29,018 72,433 190,743 Net cash (used in)/generated from investing activities (27,839) (32,824) 91,304 82,890 Net cash from/(used in) financing activities 202,471 30,558 (201,347) (350,732) Net increase/(decrease) in cash and cash equivalents 57,927 26,752 (37,610) (77,099) Effect of foreign exchange rate changes (571) (563) - - Cash and cash equivalents at beginning of financial year 220,964 194,775 152,191 229,290 Cash and cash equivalents at end of financial year 278,320 220,964 114,581 152,191
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