Annual Report 2023

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2023 107 The United Laboratories International Holdings Limited Annual Report 2023 21. INTERESTS IN AN ASSOCIATE (Continued) Summarised financial information of Ningbo Pubang The summarised financial information below represents amounts shown in Ningbo Pubang’s financial information prepared in accordance with HKFRSs. Ningbo Pubang is accounted for using the equity method in these consolidated financial statements. 2023 2022 RMB’000 RMB’000 Non-current assets 2 – Current assets 14,908 14,614 Current liabilities 4 – Profit (loss) for the year 292 (386) Reconciliation of the above summarised financial information to the carrying amount of the interest in the associate recognised in the consolidated financial statements: 2023 2022 RMB’000 RMB’000 Net assets of the associate 14,906 14,614 Proportion of the Group’s ownership interest in the associate 49% 49% Carrying amount of Group’s interest in the associate 7,304 7,161