NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 20. Investment in associate companies The Group’s investments in associate companies are summarised below: Group 2024 2023 Rp million Rp million Associate companies which are strategic to the Group activities FP Natural Resources Limited (“FPNRL”) – – Asian Assets Management Pte Ltd (“AAM”) 752,266 748,290 PT Aston Inti Makmur (“AIM”) 359,613 355,608 PT Prima Sarana Mustika (“PT PSM”) 45,926 40,640 PT Indoagri Daitocacao (“Daitocacao”) 219,918 225,318 1,377,723 1,369,856 Group 2024 2023 Rp million Rp million Cost of investment, at cost 1,940,736 1,940,736 Cumulative share of results and other comprehensive income (672,630) (680,497) Foreign currency translation 96,696 96,696 Gain from deemed disposal 12,921 12,921 Carrying value of investment 1,377,723 1,369,856 Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 128
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