DESTINI AR 2017

5. Investments in Subsidiaries Company 2017 2016 RM RM In Malaysia: At cost Unquoted shares 108,125,007 112,225,005 Less: Accumulated impairment losses (18,449,996) (22,406,294) 89,675,011 89,818,711 Outside Malaysia: At cost Unquoted shares 10,047,206 10,047,206 99,722,217 99,865,917 Movement in the allowance for impairment loss are as follows: Company 2017 2016 RM RM At 1 January 22,406,294 18,306,295 Impairment losses recognised 143,701 4,099,999 Amount written off (4,099,999) - At 31 Decembert 18,449,996 22,406,294 During the financial year, due to declining business operations of certain subsidiaries, the Company carried out a review of the recoverable amounts based on value-in-use, determined by discounted future cash flows. The recoverable amount is estimated at Nil and an impairment loss of RM143,701 (2016: RM4,099,999) was recognised during the financial year. 120 DESTINI BERHAD Financial Statements Notes to the 31 December 2017