IHH Annual Report 2023

8. INTERESTS IN ASSOCIATES Group 2023 2022 RM’000 RM’000 Investment in shares Unquoted shares 39,046 50,260 Quoted shares 404,545 392,895 Share of post-acquisition reserves (303,830) (310,079) 139,761 133,076 Fair value of quoted shares Level 1 126,372 90,532 The Group does not have any material associates. Details of the associates are disclosed in note 42. 9. INTERESTS IN JOINT VENTURES Group 2023 2022 RM’000 RM’000 Investment in unquoted shares 216,540 202,519 Share of post-acquisition reserves (86,821) (76,129) 129,719 126,390 Allowance for impairment loss (122,906) (119,639) 6,813 6,751 The Group does not have any material joint ventures. Details of the joint ventures are disclosed in note 43. Annual Report 2023 171

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