pg. 251 Financial Statements Integrated Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS - 31 December 2025 2. Basis of preparation and material accounting policies (Cont’d) 2.1 Basis of preparation (Cont’d) As of 31 December 2025, the Group had borrowings of RM118,000,000 with contractual maturity dates in March 2026. Subsequent to year end, the Group obtained offer letter from the bank approving a one-year extension of the repayment tenure for the facilities. Accordingly, manager is of the view that the Group will be able to meet its repayment obligations as and when they fall due, and that the going concern basis of preparation remains appropriate. 2.2 Changes in accounting policies The accounting policies adopted are consistent with those of the previous financial year, except in the current period, the Company adopted the following new and amended MFRS mandatory for annual financial periods beginning on or after 1 January 2025: Description Effective for annual periods beginning on or after Amendments to MFRS 121: Lack of Exchangeability 1 January 2025 The adoption of the above new and amended MFRS did not have any significant financial impact to the Company. 2.3 Standards and interpretations issued but not yet effective The standards and interpretations that are issued but not yet effective are disclosed below. The Group and the Fund intend to adopt these standards, if applicable, when they become effective: Description Effective for annual periods beginning on or after Amendments to MFRS 9 and MFRS 7: Classification and Measurement of Financial Instruments 1 January 2026 Amendments to MFRS 9 and MFRS 7: Contracts referencing nature-dependent electricity 1 January 2026 Annual Improvements to MFRSs - Volume 11 1 January 2026 MFRS 18 Presentation and Disclosure in Financial Statements 1 January 2027 MFRS 19 Subsidiaries without Public Accountability: Disclosure 1 January 2027 Amendments to MFRS 10 and MFRS 128: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Deferred The Company expects that the adoption of the above standards and interpretations will have no material impact on the financial statements in the period of application.
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