NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 21. Investment in joint ventures (cont’d) Summarised financial information in respect of CMAA and Bússola based on its respective local financial reporting standards which are closely aligned with SFRS(I), and reconciliation with the carrying amount of the investment in the consolidated financial statements are as follows: Summarised balance sheet Group 2024 2023 CMAA Bússola CMAA Bússola Rp million Rp million Rp million Rp million Cash and cash equivalents 2,506,316 110,638 1,781,758 3,300 Other current assets 3,151,277 5,975 4,113,868 1,768 Current assets 5,657,593 116,613 5,895,626 5,068 Non-current assets 9,860,648 974,975 10,074,716 1,080,480 Total assets 15,518,241 1,091,588 15,970,342 1,085,548 Current liabilities (3,683,156) (72,591) (3,812,772) (80,131) Non-current liabilities (9,823,577) (994,776) (9,722,543) (724,880) Total liabilities (13,506,733) (1,067,367) (13,535,315) (805,011) Net assets 2,011,508 24,221 2,435,027 280,537 Proportion of the Group’s ownership 36.21% 36.21% 36.21% 36.21% Group’s share of net assets 728,367 8,770 881,723 101,582 Acquisition costs capitalised 52,405 – 52,405 – Goodwill on acquisition 298,336 – 298,336 – Loss on deemed disposal (87,049) – (87,049) – Dividend payment (342,427) – (250,193) – Foreign currency translation 237,284 1,643 173,738 2,005 Carrying value of investment 886,916 10,413 1,068,960 103,587 Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 132
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