NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 93 - 8. Investment in Joint Ventures (Cont’d) Summarised financial information of the Group’s joint ventures is set out below. The summarised financial information represents the amounts in the financial statements of joint ventures and not the Group’s share of those amounts. Invation Aero 30.6.2024 RM Summarised statements of financial position Current assets 399,699 Current liabilities (2,739,233) Net liabilities (2,339,534) Interest in joint ventures 50% Group's share of net liabilities (1,169,767) Carrying value of the Group's interest in joint ventures (1,169,767) Summarised statements of comprehensive income profit or loss and other Net loss for the financial year/period, representing total comprehensive loss for the financial year/period (20,066) Unrecognised share of losses of joint ventures: The unrecognised share of losses of joint ventures (10,033) Cumulative unrecognised share of losses of joint ventures 348,432 On 3 March 2025, Destini Aviation Sdn. Bhd., a wholly-owned subsidiary of the Company has disposed of 500,001 ordinary shares in Invation Aero Sdn. Bhd. (“Invation Aero”), an indirect joint venture subsidiary of the Company, representing 50% of equity interest in Invation Aero to Sapura Aero Sdn. Bhd. for a cash consideration of RM1. 9. Investment in Securities 30.6.2025 30.6.2024 RM RM FVOCI Unquoted securities at cost - Unquoted shares in Malaysia - 50,000 Less: Accumulated impairment loss - (49,999) - 1 - 1 Group DESTINI BERHAD ANNUAL REPORT 2025 176
RkJQdWJsaXNoZXIy NDgzMzc=