244 KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2025 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 15. INVESTMENT IN JOINT VENTURE Group Bank 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Unquoted shares at cost At 1 January 45,706 48,066 45,706 48,066 Add: Subscription of new shares - 5,706 - 5,706 Less: Disposal of a joint venture company (Note d) - (8,066) - (8,066) At 31 December 45,706 45,706 45,706 45,706 Add: Cumulative share of results (22,044) (17,996) - - 23,662 27,710 45,706 45,706 Less: Accumulated impairment losses (Note e) - - (4,612) - 23,662 27,710 41,094 45,706 (a) The summarised income and expenses of the joint venture are as follows: Group 2025 RM’000 2024 RM’000 Revenue 33,197 43,623 Loss after taxation (8,097) (8,668) (b) The summarised assets and liabilities of the joint venture are as follows: Group 2025 RM’000 2024 RM’000 Total assets 79,582 107,388 Total liabilities 33,063 52,331
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