MKH Annual Report 2020

170 FINANCIAL STATEMENTS ANNUAL REPORT 2020 16. INVESTMENT IN ASSOCIATES The Group 2020 RM 2019 RM At cost: Unquoted shares 8,285,000 6,660,000 Additions 99,996 5,000,000 Capital reductions - (3,375,000) 8,384,996 8,285,000 Share of post-acquisition reserves 1,591,520 6,705,213 9,976,516 14,990,213 The details of the associates, incorporated in Malaysia, are as follows: Proportion of ownership interest and voting power held by the Group Name of associate Principal activities 2020 2019 Financial year end Ω Daksina Harta Sdn. Bhd.  (“DHSB”) (Note 34) Property development 40% 40% 31 December ~ Panasonic Homes MKH  Malaysia Sdn. Bhd. (“PHMMSB”) General construction 49% 49% 31 March * Rimbunan Melati Sdn. Bhd.  (“RMSB”) Property development 45% 45% 31 December Ω Interest held through Perkasa Bernas (M) Sdn. Bhd. (“PBSB”). ~ Interest held through Kajang Resources Corporation Sdn. Bhd. (“KRC”). * Interest held through Dapat Jaya Builder Sdn. Bhd. The above associates are accounted for using the equity method in the consolidated financial statements.