Notes to the Financial Statements For the financial year ended 31 December 2025 Notes to the Financial Statements For the financial year ended 31 December 2025 17. NON-CONTROLLING INTERESTS The following subsidiaries have non-controlling interests (“NCI”) that are material to the Group: Name of subsidiaries Country of incorporation Ownership interests held by NCI 2025 2024 % % Chengdu Ruifeng Real Estate Development Co., Ltd. (“Chengdu Ruifeng”) PRC 20.0 20.0 Xi’an Perennial Cheng Tou West Real Estate Co., Ltd. (“Xi’an West”) PRC 34.3 34.3 Xi’an Perennial Cheng Tou East Real Estate Co., Ltd. (“Xi’an East”) PRC 34.3 34.3 Perennial Tongzhou Development Pte. Ltd. and its subsidiaries (“Tongzhou Phase 1”) Singapore 47.4 47.4 Perennial Tongzhou Holdings Pte. Ltd. and its subsidiaries (“Tongzhou Phase 2”) Singapore 27.6 27.6 PRE 14 Pte. Ltd. and its subsidiary (“Perennial Business City”) Singapore 37.0 37.0 Perennial Singapore Investment Holdings Pte. Ltd. and its subsidiaries (“PSIH Group”) Singapore 19.6 19.6 17. NON-CONTROLLING INTERESTS (continued) The following summarises the financial information for the above subsidiaries prepared in accordance with SFRS(I), modified for fair value adjustments on acquisition and differences in the Group’s accounting policies. Chengdu Ruifeng Xi’an West Xi’an East Tongzhou Phase 1 Tongzhou Phase 2 PSIH Group Perennial Business City Other immaterial NCI Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 31 December 2025 Revenue 15,658 – – – – – 21,148 Profit/(Loss) after tax 4,352 (442) (162) (6,023) (38) (14,115) (5,084) OCI (14,821) (10,324) (3,431) (43,163) (15,897) – – Total comprehensive income (10,469) (10,766) (3,593) (49,186) (15,935) (14,115) (5,084) Attributable to NCI: - Profit/(Loss) after tax 870 (152) (56) (3,595) (10) (2,769) (1,881) (14,601) (22,194) - OCI (2,964) (3,541) (1,177) (25,897) (4,387) – – 596 (37,370) Total comprehensive income (2,094) (3,693) (1,233) (29,492) (4,397) (2,769) (1,881) (14,005) (59,564) Non-current assets 723,790 129,347 6 1,281,375 540,008 1,747,056 503,967 Current assets 15,652 183,012 136,189 683,154 4,477 163,638 12,702 Non-current liabilities (227,365) 41,078 (2,247) (553,588) – (1,112,293) (346,659) Current liabilities (23,457) (15,704) (21,761) (301,471) (189) (101,071) (100,189) Net assets 488,620 337,733 112,187 1,109,470 544,296 697,330 69,821 Net assets attributable to NCI 97,724 115,842 38,480 665,017 150,208 136,814 25,834 Other adjustments – – – – – 22,482 – NCI at end of the year 97,724 115,842 38,480 665,017 150,208 159,296 25,834 27,561 1,279,962 Cash flows from/ (used in) operating activities 6,623 (5,140) 144 (4,098) 25 74,543 1,584 Cash flows (used in)/ from investing activities (8,071) 937 – (50,455) (688) (56,065) (105,916) Cash flows (used in)/ from financing activities (5,342) 2,186 30 63,825 – (29,550) 108,250 Net (decrease)/ increase in cash and cash equivalents (6,790) (2,017) 174 9,272 (663) (11,072) 3,918 OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 217 216 PERENNIAL HOLDINGS PRIVATE LIMITED ANNUAL REPORT 2025
RkJQdWJsaXNoZXIy NTM2MDQ5