7 FINANCIAL STATEMENTS 315 13. PROPERTY, PLANT AND EQUIPMENT (CONTD.) (a) The net carrying amounts of property, plant and equipment of the Group charged to a bank for banking facilities (Note 35(a)) are as follows: Group 2025 RM’000 2024 RM’000 Plant and equipment 2,112 72,013 (b) During the year, the Group and the Company acquired property, plant and equipment by way of: Group Company 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Cash payment 23,573 16,058 305 391 Other payables 11,119 6,651 - - 34,692 22,709 305 391 14. INVESTMENT PROPERTIES Group 2025 RM’000 2024 RM’000 As at 1 January/ 31 December 14,325 14,325 The Group’s investment properties consist of two pieces of land in Sabah, which is held under lease term. As at 31 December 2025 and 2024, the fair values of the properties are based on valuations performed by Raine & Horne International, an accredited independent valuer. Raine & Horne International is a specialist in valuing these types of investment properties. A valuation model in accordance with that recommended by the International Valuation Standards Committee has been applied. For the financial year ended 31 December 2025, the expenses incurred in relation to the investment properties was RM3,000 (2024: RM3,000). The Group has no restrictions on the realisability of its investment properties and no contractual obligations to purchase, construct or develop investment properties or for repairs, maintenance and enhancements. Description of valuation techniques Under the comparison method, a property’s fair value is estimated based on comparable transactions. This approach is based upon the principle where a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property and would indicate, by the known selling price of the duplicate, the price for which the subject property could be sold. Investment properties valued using the comparison method with significant adjustments made for differences such as location, size, condition, accessibility and design (“adjustment factors”) are categorised as Level 3 in the fair value hierarchy. The significant unobservable inputs for this category of investment properties, which are the adjustment factors, range generally between -25% and 20% (2024: -25% and 20%) of the property’s comparable.
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