Non-controlling Interests

12 Months Ended

Dec. 31, 2021

31. Non-controlling Interests

The total

non-controlling

interest at 31 December 2021 is $681 million (2020: $692 million) of which $498 million (2020: $501 million) relates to Republic Cement & Building Materials (RCBM), Inc. and Republic Cement Land & Resources (RCLR), Inc. The

non-controlling

interests in respect of the Group’s other subsidiaries are not considered to be material.

The following is summarised financial information for RCBM and RCLR prepared in accordance with IFRS 12

Disclosure of Interests in Other Entities

. This information is before intragroup eliminations with other Group companies.


Summarised financial information	2021 $m		2020 $m
Profit for the year		61		22

Current assets		210		250
Non-current assets		1,618		1,754
Current liabilities		(240)		(181)
Non-current liabilities		(737)		(984)
Net assets		851		839

Cash flows from operating activities		77		38

There were no dividends paid to

non-controlling

interests of the combined Philippines business during the current or the prior year.

CRH holds 40% of the equity share capital in RCBM and RCLR and has an economic interest of 55% of the combined Philippines business.

Non-controlling

interest relates to another party who holds 60% of the equity share capital in RCBM and RCLR and has an economic interest of 45%

of the combined Philippines business. CRH has obtained control (as defined under IFRS 10

Consolidated Financial Statements

) by virtue of contractual arrangements which give CRH power to direct the relevant

non-nationalised

activities of the business, in compliance with Philippine law.

Principal activity

Country of incorporation

Economic ownership interest

held by non-controlling interest

Republic Cement & Building Materials, Inc. and Republic Cement Land & Resources Inc.

Manufacture, development and sale of cement and building materials

Philippines