87 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 7. INVESTMENT IN SUBSIDIARY COMPANIES (CONT’D) (d) Acquisition of subsidiary companies (cont’d) In the previous financial year (cont’d) (i) Universal Capital Co Ltd (“UCCL”) (cont’d) UCCL RM Net cash outflow arising from acquisition of a subsidiary company Purchase consideration 18,150,000 Issuance of share capital (16,917,500) Cash and cash equivalents acquired (9) 1,232,491 Goodwill arising from business combination Fair value of consideration transferred 18,150,000 Fair value of identifiable net assets acquired 14,161,509 Goodwill on consolidation 3,988,491 The goodwill recognised on the acquisition is attributable mainly to the skills and technical talent of the acquired business’s work force and the synergies expected to be achieved from integrating the subsidiary company into the Group’s existing business. Acquisition-related costs The Group incurred acquisition-related costs of RM191,685 related to external processing, listing and advisory fees. The expenses have been included in administrative expenses in the profit or loss. Impact of the acquisition on the Statements of Profit or Loss and Other Comprehensive Income From the date of acquisition, the acquired subsidiary company has not contribute to the Group’s revenue and profit for the financial year. (e) Material accounting policy information Investment in subsidiaries are measured in the Company’s statements of financial position at cost less accumulated impairment losses. 8. INVESTMENT IN AN ASSOCIATE Group and Company 2025 2024 RM RM At cost Unquoted shares in Malaysia 300,000 300,000 Share of post-acquisition reserve 46,928 58,682 Balance at the end of the financial year 346,928 358,682
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