82 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 4. RIGHT-OF-USE ASSETS (CONT’D) (a) Assets pledged as securities to licensed banks The net carrying amount of the leasehold buildings of the Group and of the Company amounting to RM9,864,600 (2024: RM9,864,600) are pledged as securities for banking facility granted to the Group and to the Company as disclosed in Note 19. (b) The remaining lease term of the leasehold buildings is 78 years (2024: 79 years). (c) Material accounting policy information Right-of-use (“ROU”) assets are stated at cost less any accumulated depreciation and accumulated impairment losses. Deprecation of ROU assets are recognised in the profit or loss on straight-line method from the commencement date to the earlier of the end of the useful life of the ROU asset or the end of the lease term. The estimated useful lives of the ROU assets are determined on the same basis as those of property, plant and equipment as follows: Leasehold buildings Over the remaining lease period Office space Over the lease term Hostel Over the lease term 5. PRODUCT DEVELOPMENT COSTS Group Company 2025 2024 2025 2024 RM RM RM RM Cost At 1 July 47,541,793 42,789,216 - 36,568,086 Additions 4,314,482 4,752,577 - 1,116,652 Transfer upon corporate reorganisation exercise - - - (37,684,738) At 30 June 51,856,275 47,541,793 - - Accumulated amortisation At 1 July 30,126,648 27,357,466 - 23,214,682 Charge for the financial year 2,792,399 2,769,182 - 553,628 Transfer upon corporate reorganisation exercise - - - (23,768,310) At 30 June 32,919,047 30,126,648 - - Carrying amount At 30 June 18,937,228 17,415,145 - -
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