15. INVESTMENTS IN ASSOCIATES (CONTINUED) (a) Other independent auditor. Audited by firm of accountants other than member firms of RSM International of which RSM SG Assurance LLP in Singapore is a member. The name is indicated above. (b) Green Leaf Chemical Co., Limited is 55% owned by Megachem Thailand. (c) Megachem Plus Limited is 80% owned by Megachem Thailand. (d) Megachem (Myanmar) Limited is 51% owned by Megachem Thailand. (e) Mega Fuji Graphite Limited is 49% owned by Megachem Thailand. As is required by Rule 716 of the Listing Manual of The Singapore Exchange Securities Trading Limited, the Audit Committee and the board of directors of the Company have satisfied themselves that the appointment of different auditors for its overseas associates would not compromise the standard and effectiveness of the audit of the Group. Megachem Thailand is considered material to the Group. The summarised financial information of Megachem Thailand and its subsidiaries and the amounts (and not the Group’s share of those amounts) based on the financial statements of Megachem Thailand and its subsidiaries are as follows. These are adjusted to reflect adjustments made by the Group when using the equity method. 2025 2024 $ $ Dividends paid 1,430,784 1,518,000 Revenue 48,347,202 40,945,306 Profit 4,768,645 3,963,607 Other comprehensive loss (912,336) (648) Total comprehensive income 3,856,309 3,962,960 Current assets 27,435,946 25,080,207 Non-current assets 18,361,213 17,954,989 Current liabilities (10,632,091) (10,642,072) Non-current liabilities (1,645,598) (1,927,190) Net assets of the associate 33,519,470 30,465,934 Associate’s non-controlling interest 5,258,801 4,626,778 Proportion of the Group’s interest in the associate 36.194% 36.194% Carrying amount of the interest in the associate 10,228,665 9,352,224 MEGACHEM LIMITED ANNUAL REPORT 2025 149 31 DECEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS
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