2023 FINANCIAL STATEMENTS Sec 5 235 9 ASSOCIATES (CONTINUED) Amounts due from/(to) associates Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Amounts due from associates* 395.6 666.4 5.3 5.7 Less: Loss allowances (7.3) (7.3) (0.1) (0.1) 388.3 659.1 5.2 5.6 Amounts due to associates^ (579.7) (777.6) (568.8) (765.9) * The Group’s and the Company’s credit policy provides amounts due from associates with a 30 days (2022: 30 days) credit period. ^ Credit terms of amounts due to associates is 30 days (2022: 30 days) depending on the terms of the contracts. The unrecognised cumulative losses of the Group’s associates are as follows: Gama Enerji Anonîm Şîrketî 2023 RM’million 2022 RM’million As at the beginning of the financial year (25.4) (393.1) Arising in the financial year (85.9) 367.7As at the end of the financial year (111.3) (25.4) The associates that are material to the Group are BODL, Jimah Energy Ventures Holdings Sdn. Bhd. (‘ JEV’), and LMT. The following summarises the financial information of the associates and reconciled the information to the carrying amount of the Group’s interest in those associates. (i) The summarised statement of comprehensive income: BODL JEV LMT 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Revenue 164.6 147.2 3,332.2 4,656.6 136.5 127.1 Profit/(Loss) after tax 17.8 (56.5) (77.4) 186.8 15.4 13.3 Other comprehensive income/(expense) 269.6 (123.9) 0 0 0 0 T otal comprehensive income/(expense) 287.4 (180.4) (77.4) 186.8 15.4 13.3 (ii) The summarised statement of financial position: BODL JEV LMT 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Non-current assets 1,258.3 1,223.8 2,646.2 2,740.8 324.6 320.3 Current assets 87.8 120.9 1,268.5 1,932.5 198.9 201.9 Non-current liabilities (260.9) (267.5) (1,642.8) (1,730.5) (14.8) (15.9) Current liabilities (55.2) (285.7) (765.4) (1,342.0) (16.9) (19.9) 1,030.0 791.5 1,506.5 1,600.8 491.8 486.4 NOTES TO THE FINANCIAL