MKH Annual Report 2020

159 MKH BERHAD 15. INVESTMENT IN SUBSIDIARIES The Group 2020 RM 2019 RM Unquoted shares - at cost Ordinary shares 613,569,268 518,339,268 Redeemable convertible preference shares (“RCPS”) 279,500,000 279,500,000 893,069,268 797,839,268 Accumulated impairment loss At beginning of year (2,824,214) (2,824,214) Impairment loss for the financial year (2,712,412) - At end of year (5,536,626) (2,824,214) Net Carrying Amount 887,532,642 795,015,054 Details of the subsidiaries are as follows: Country of Proportion of ownership interest and voting power held by the Group Name of subsidiary incorporation Principal activities 2020 2019 Achieve Acres Sdn. Bhd. Malaysia Property development 85% 85% Aliran Perkasa Sdn. Bhd. Malaysia Property development 100% 100% € Budi Bidara Sdn. Bhd. Malaysia Property development 100% 100% Dapat Jaya Builder Sdn.  Bhd. Malaysia Building and civil works  contracting and project management services 100% 100% Danau Saujana Sdn. Bhd. Malaysia Dormant 51% 51% €@ Detik Merdu Sdn. Bhd. Malaysia Investment holding and  trading of building materials and household related products 100% 100% Everland Asia  Development Sdn. Bhd. Malaysia Investment holding 100% 100% Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020