Dagang NeXchange Berhad is a public limited liability company, incorporated and domiciled in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad. The registered office and principal place of business are as follows: Registered office E-10-4, Megan Avenue 1, 189, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan, Malaysia. Principal place of business Dagang Net Tower, Block 10 (A&B) Corporate Park, Star Central, Lingkaran Cyberpoint Timur, Cyber 12, 63000 Cyberjaya, Selangor. The consolidated financial statements of the Company as at and for the financial year ended 31 December 2024 comprise the Company and its subsidiaries (together referred to as the “Group” and individually referred to as “Group entities”) and the Group’s interests in a joint operation. The Company is principally engaged in the business of investment holding whilst the principal activities of the subsidiaries are as stated in Note 7 to the financial statements. These financial statements were authorised for issue by the Board of Directors on 29 April 2025. 1. BASIS OF PREPARATION (a) Statement of compliance The financial statements of the Group and of the Company are prepared under the historical cost convention and modified to include other bases of valuation as disclosed in other sections under material accounting policy information, and in compliance with Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. During the current financial year, the Group and the Company have adopted the following new accounting standards and/or interpretations (including the consequential amendments, if any): MFRSs and/or IC Interpretations (Including the Consequential Amendments) MFRS 17: Insurance Contracts Amendments to MFRS 17: Insurance Contracts Amendment to MFRS 17: Initial Application of MFRS 17 and MFRS 9 - Comparative Information Amendments to MFRS 101: Disclosure of Accounting Policies Amendments to MFRS 108: Definition of Accounting Estimates Amendments to MFRS 112: Deferred Tax related to Assets and Liabilities arising from a Single Transaction Amendments to MFRS 112: International Tax Reform – Pillar Two Model Rules Amendments to MFRS 16: Lease Liability in a Sale and Leaseback Amendments to MFRS 101: Classification of Liabilities as Current or Non-current Amendments to MFRS 101: Non-current Liabilities with Covenants Amendments to MFRS 107 and MFRS 7: Supplier Finance Arrangements 128 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 for the financial year ended 31 December 2024 Notes to the Financial Statements
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