89 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 8. INVESTMENT IN AN ASSOCIATE (CONT’D) (b) Summarised statement of profit or loss and other comprehensive income 2025 2024 RM RM Millapp Sdn. Bhd. Profit for the financial year/total comprehensive income for the financial year 210,871 450,219 Included in total comprehensive income is: Revenue 1,706,937 2,125,344 Other information: Dividend received 72,000 88,000 (c) Material accounting policy information Investments in associates are measured in the Company’s statement of financial position at cost less any impairment losses. 9. OTHER INVESTMENTS Group Company 2025 2024 2025 2024 RM RM RM RM Non-current Financial assets measured at fair value through other comprehensive income (“FVTOCI”) Quoted shares, in Malaysia 7,672,500 12,322,500 7,672,500 12,322,500 Unquoted shares, outside Malaysia 14,158,500 14,158,500 - - 21,831,000 26,481,000 7,672,500 12,322,500 The Group has designated the quoted and unquoted equity investments measured at FVTOCI because the Group intends to hold for long-term strategic purposes. The fair value of the listed equity securities was determined by reference to the quoted price in an active market. In the previous financial year, the Group sold its equity interest in Heitech Padu Berhad as this investment no longer coincides with the Group’s investment strategy. The fair value on the date of sale is RM10,419,870 and the accumulated gain recognised in other comprehensive income of RM4,405,523 was transferred to retained earnings.
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