Page 135 - RFHL ANNUAL REPORT 2024_ONLINE

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6. Investment in associated companies (continued)

The Group’s interest in associated companies is as follows:

Country Reporting Proportion
of year-end of of issued
incorporation associate capital held

G4S Holdings (Trinidad) Limited Trinidad and December 24.50%
Tobago
InfoLink Services Limited Trinidad and December 25.00%
Tobago

Summarised financial information in respect of the Group’s associates is as follows:

2024 2023

Total assets 356 321
Total liabilities 47 49
Net assets/equity 309 273
Group’s share of associates’ net assets 78 69
Profit for the period 37 27
Group’s share of profit of associated companies after tax for the period 9 6

7. Premises and equipment

Capital Equipment,
works in Freehold Leasehold furniture
2024 progress premises premises and fittings Total

Cost
At beginning of year 524 2,301 388 3,192 6,405
Exchange and other adjustments (5) 33 (13) 3 18
Additions at cost 263 25 3 96 387
Disposal of assets (2) – (12) (127) (141)
Transfer of assets (398) 31 15 352 –

At end of year 382 2,390 381 3,516 6,669

Accumulated depreciation
At beginning of year – 508 228 2,346 3,082
Exchange and other adjustments – 9 (1) 5 13
Charge for the year – 38 15 292 345
Disposal of assets – – (33) (99) (132)

At end of year – 555 209 2,544 3,308

Net book value 382 1,835 173 971 3,361