had undertaken the impairment assessment of its investment in PEIM, an investment holding company. Based on the impairment assessment which estimates the cash flow available for distribution from PEIM’s divestment of its significant associate, GMR Energy Limited (‘GEL’) as disclosed in Note 9, the recoverable amount of the Company’s investment in PEIM exceeded its carrying amount, hence a reversal of impairment loss of RM137.7 million (2022: NIL) was recognised in the current financial year. (b) Non-controlling interests (‘NCI’) The NCI is not material to the financial performance, financial position and cash flows of the Group. The NCI information for Sabah Electricity Sdn. Bhd. ('SESB'), Kapar Energy Ventures Sdn. Bhd. (‘KEV’) and Jimah East Power Sdn. Bhd. (‘ JEP’), which contribute to substantial portion of total NCI is set outbelow: SESB KEV JEP Other individually immaterial NCI Total 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Carrying amount of NCI 374.2 372.5 644.2 771.5# 820.1* 892.9* 418.4 412.2 2,256.9 2,449.1 T otal comprehensive income/(expenses) allocated to NCI 1.7 20.1 (127.3) 98.9 (48.8) 24.9 6.2 (30.1) (168.2) 113.8 * Included in the carrying amount of NCI in JEP is a redemption of RPS from NCI amounting to RM24.0 million (2022: RM73.5 million). # Included in the carrying amount of NCI in KEV is a conversion to NCI equity amounting to RM626.8 million as disclosed in Note 26. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 230 7 SUBSIDIARIES (CONTINUED) (b) NCI (continued) The summarised financial information of SESB, KEV and JEP before inter-company eliminations are as follows: SESB KEV JEP 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Summarised statement of financial position Non-current assets 7,986.3 8,074.4 1,281.7 1,425.0 10,564.5 10,562.4 Current assets 2,285.0 2,123.3