XML 236 R74.htm IDEA: XBRL DOCUMENT v3.22.0.1
Non-controlling Interests (Tables)
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Summary of Non-Controlling Interest in Subsidiaries
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.
Name
  
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   45%
Schedule of Summarized Financial Information of Non Controlling Interest
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