Annual Report 2024

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2024 107 The United Laboratories International Holdings Limited Annual Report 2024 21. INTERESTS IN AN ASSOCIATE (Continued) Summarised financial information of Ningbo Pubang (Continued) Reconciliation of the above summarised financial information to the carrying amount of the interest in the associate recognised in the consolidated financial statements: 2024 2023 RMB’000 RMB’000 Net assets of the associate 14,514 14,906 Proportion of the Group’s ownership interest in the associate 49% 49% Carrying amount of Group’s interest in the associate 7,112 7,304 22. FINANCIAL ASSET AT FAIR VALUE THROUGH PROFIT OR LOSS 2024 2023 RMB’000 RMB’000 Equity securities of unlisted investments, classified as non-current assets – 500 The above unlisted equity investments represent the Group’s equity interest in a private entity established in the PRC, which are measured at FVTPL at the end of both reporting periods. The unlisted equity investments are disposed to an independent third party during the year ended 31 December 2024.