43. SEGMENT INFORMATION (CONTD.) Geographical information (contd.) Non-current assets information presented above consist of the followings items as presented in the consolidated statement of financial position: 2024 RM’000 2023 RM’000 Property, plant and equipment 130,991 151,848 Investment properties 14,325 14,325 Right-of-use assets 29,565 35,606 Intangible assets 734,183 710,410 Investment in associates 72,118 71,832 Investment in a joint venture 162 117 Other investments 232 232 Contract assets 23,875 32,136 1,005,451 1,016,506 Information about major customers Revenue from two (2023: two) major customers amounted to RM801.2 million and RM446.7 million (2023: RM870.8 million and RM466.0 million) respectively, arising from services rendered in the Infrastructure Services and Healthcare Solutions segment. 44. SIGNIFICANT EVENTS (a) On 2 December 2023, Edgenta International Investments LLC (“EII”), an indirect wholly-owned subsidiary of the Company, entered into a Sale and Purchase Agreement and Shareholders Agreement with NW Kaizen Holding Ltd for the proposed investment in Kaizen Owner Association Management (“KOA”) and Kaizen AMS Property Supervision L.L.C (“KAMS”) through a 60% equity interest buy-in by EII. The transaction was completed on 6 February 2024. The cash and deferred consideration, amounting to AED67.0 million (equivalent to approximately RM86.3 million), is related to the acquisition of 180 ordinary shares in each Company. The fair value of identifiable assets and liabilities of KOA and KAMS at the date of acquisition were as follows: Fair value recognised on acquisition KOA RM’000 KAMS RM’000 Total RM’000 Plant and equipment 269 66 335 Trade and other receivables 8,756 5,543 14,299 Cash and bank balances 3,884 516 4,400 Trade and other payables (3,452) (3,470) (6,922) Provision for employee service entitlements (998) (419) (1,417) Net asset acquired 8,459 2,236 10,695 Less: Non-controlling interests (3,384) (894) (4,278) Group’s share of net assets 5,075 1,342 6,417 Identifiable intangible assets Customer contracts 5,219 4,590 9,809 Customer relationships 5,616 1,203 6,819 Deferred tax liabilities (974) (521) (1,495) Less: Non-controlling interests (3,944) (2,109) (6,053) Total identified net assets 10,992 4,505 15,497 Purchase consideration 77,719 8,624 86,343 Goodwill on acquisition 66,727 4,119 70,846 Notes to the Financial Statements For the year ended 31 December 2024 371 FINANCIAL STATEMENTS
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