Notes To The Financial Statements (Cont’d) 31 March 2026 SECTION 05 : FINANCIAL STATEMENTS & OTHERS 116 Registration No: 38 199201005296 (236800 - T) 4. PROPERTY, PLANT AND EQUIPMENT (continued) (c) Impairment assessment (continued) Impairment testing of marine equipment within the Energy Logistics operating segment During the financial year, management reassessed the recoverable amounts of the marine equipment, comprising a vessel and a buoy within the Energy Logistics operating segment, following changes in the operating arrangements. The recoverable amounts were determined based on the FVLCD method. The fair value measurements were performed by an independent external valuer with appropriate professional qualifications and experience in valuing marine assets within the relevant industry. The recoverable amount of the property, plant and equipment of the Energy Logistics operating segment are as follows: Group RM’000 RM’000 2026 2025 Recoverable amount Vessel, including attached plant and machinery and dry docking expenditure 32,558 44,296 Buoy 8,231 10,077 40,789 54,373 The fair value of the vessel was determined using the market comparison approach, which considers recent transaction prices of comparable vessels with similar age and specifications. In determining the fair value, the valuer considered prevailing market conditions and adjusted for differences in factors such as age, size and technical specifications, where appropriate. The significant unobservable inputs used in determining the fair value of the vessel include recent transaction prices of comparable vessels, and adjustments for differences in age, condition, capacity, technical specifications and prevailing market conditions. The fair value of the buoy was determined using the depreciated replacement cost approach, based on recent quotations obtained from contractors. The valuation considered replacement costs including engineering design and analysis, materials, fabrication, project management and classification costs, adjusted for physical depreciation and obsolescence where applicable. The significant unobservable inputs used in determining the fair value of the buoy include estimated replacement costs comprising engineering and design costs, fabrication costs, material costs, project management and classification costs, together with adjustments for physical deterioration, functional obsolescence and economic obsolescence. The fair value measurement of marine equipment is classified within Level 3 of the fair value hierarchy. The estimated costs of disposal, comprising principally agent commissions, were deducted in arriving at the fair value less costs of disposal of the marine equipment. Based on the impairment assessment performed, no impairment loss or impairment reversal was recognised during the financial year, as the recoverable amounts of the marine equipment approximated their respective carrying amounts.
RkJQdWJsaXNoZXIy NDgzMzc=