DESTINI Annual Report 2018

5. Investments in Subsidiaries Movement in the allowance for impairment loss are as follows: In previous 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 was recognised in statements of profit or loss and other comprehensive income. Company 2018 2017 RM RM In Malaysia: At cost Unquoted shares 108,125,008 108,125,007 Less: Accumulated impairment losses (18,449,996) (18,449,996) 89,675,012 89,675,011 Outside Malaysia: At cost Unquoted shares 10,047,206 10,047,206 99,722,218 99,722,217 Company 2018 2017 RM RM At 1 January 18,449,996 22,406,294 Impairment losses recognised - 143,701 Amount written off - (4,099,999) At 31 December 18,449,996 18,449,996 DESTINI BERHAD ANNUAL REPORT 2018 141