15. CASH AND CASH EQUIVALENTS (CONTINUED) 15.1 Non-current restricted cash represents monies placed in trust under a Decommissioning Security Agreement for the Group’s obligations for the estimated future cost of decommissioning the facilities of the Anasuria Cluster. Such decommissioning activities are expected to be carried out at the end of life of the Anasuria Cluster and therefore, these monies in the trust are classified as non-current assets. 15.2 Included in deposits with licensed banks of the Group and of the Company is an amount of RM39,170,000 and RM16,250,000 (31.12.2023: RM38,164,000 and RM7,530,000) respectively which are pledged to licensed banks for credit facilities. 15.3 Included in current cash and bank balances of the Group is an amount of RM1,000 (31.12.2023: RM49,884,000) which is pledged to licensed banks for credit facilities. 16. ASSETS CLASSIFIED AS HELD FOR SALE Group 31.12.2024 31.12.2023 RM’000 RM’000 Property, plant and equipment 74,728 - On 15 October 2024, PT Dagang Samudera Hutama (“PTDSH”), a subsidiary of Dagang Net Technologies Sdn. Bhd. (“DNET”), which is a wholly-owned subsidiary of the Company, entered into a Standard Bareboat Charter Agreement (“SBCA”) and a Memorandum of Agreement (“MOA”) for the lease and sale of a vessel and a remote operating vehicle, for cash consideration of approximately RM75,213,000. Accordingly, the assets with respect to the SBCA and MOA had been classified as assets held for sale during the financial year. The carrying amounts of the assets are measured at the lower of their carrying amount and fair value less costs to sell. An impairment loss of approximately RM11,810,000, representing the write-down of the assets was recognised in “Other operating expenses” line item of the statements of profit or loss and other comprehensive income as disclosed in Note 3 to the financial statements. The transaction was subsequently completed on 18 February 2025. 17. CAPITAL AND RESERVES Share capital Group and Company Number Number Amount of shares Amount of shares 31.12.2024 31.12.2024 31.12.2023 31.12.2023 RM’000 ’000 RM’000 ’000 Issued and fully paid: Ordinary shares At 1 January/1 July 1,017,403 3,156,331 1,017,319 3,156,254 Issuance of new shares pursuant to: - ESOS - - 84 77 - Private placements 113,046 315,633 - - At 31 December 1,130,449 3,471,964 1,017,403 3,156,331 160 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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