Annual Report 2022

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2022 113 The United Laboratories International Holdings Limited Annual Report 2022 21. INTERESTS IN AN ASSOCIATE (Continued) Summarised financial information of Ningbo Pubang The summarised financial information below represents amounts shown in the Ningbo Pubang’s financial information prepared in accordance with HKFRSs. Ningbo Pubang is accounted for using the equity method in these consolidated financial statements. 2022 RMB’000 Current assets 14,614 Loss for the year (386) Reconciliation of the above summarised financial information to the carrying amount of the interest in the associate recognised in the financial statements: 2022 RMB’000 Net assets of the associate 14,614 Proportion of the Group’s ownership interest in the associate 49% Carrying amount of Group’s interest in the associate 7,161