140 SECTION 05 : FINANCIAL STATEMENTS & OTHERS Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 44 199201005296 (236800 - T) 5. RIGHTS-OF-USE ASSETS AND LEASE LIABILITIES (continued) The Group as a lessor (continued) The lease was not renewed upon its expiry on 25 May 2025, and the rental arrangement with Norstar ceased accordingly, with no further rental receivables or penalties arising from the termination. Future minimum rentals receivable under the above agreement at the reporting date are as follows: Group 2025 2024 RM’000 RM’000 Less than one (1) year 4,317 27,629 One (1) to two (2) years - 27,629 Two (2) to three (3) years - 18,498 Three (3) to four (4) years - 18,498 Four (4) to five (5) years - 18,498 4,317 110,752 6. INVESTMENTS IN SUBSIDIARIES Company 2025 2024 RM’000 RM’000 Unquoted equity shares, at cost 10,146 10,146 Less: Impairment losses (2,542) (10,044) 7,604 102 Equity contributions to subsidiaries 130,327 59,537 Less: Accumulated impairment losses (76,038) (41,687) 61,893 17,952 (a) A subsidiary is an entity in which the Group and the Company are exposed, or have rights, to variable returns from its involvement with the subsidiary and have the ability to affect those returns through its power over the subsidiary. An investment in subsidiary, which is eliminated on consolidation, is stated in the separate financial statements of the Company at cost less accumulated impairment losses, if any. Put options written over non-controlling interests on the acquisition of subsidiary shall be included as part of the cost of investment in the separate financial statements of the Company. Subsequent changes in the fair value of the written put options over noncontrolling interests shall be recognised in profit or loss. Investments accounted for at cost shall be accounted for in accordance with MFRS 5 Noncurrent Assets Held for Sale and Discontinued Operations when they are classified as held for sale (or included in a disposal group that is classified as held for sale) in accordance with MFRS 5.
RkJQdWJsaXNoZXIy