141 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 1. GENERAL INFORMATION The Company is a public limited liability company, incorporated and domiciled in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The registered office and principal place of business are as follows:- Registered office : Level 5, Guoco Tower 6 Jalan Damanlela, Damansara City Bukit Damansara 50490 Kuala Lumpur. Principal place of business : B-31-02, Tower B, Pavilion Embassy No 200, Jalan Ampang 50450 Kuala Lumpur. These financial statements comprise both separate and consolidated financial statements. The financial statements of the Company are separate financial statements, while the financial statements of the Group are consolidated financial statements that include those of the Company and its subsidiaries as of the end of the reporting period. The Company and its subsidiaries are collectively referred to as “the Group”. The financial statements of the Company and of the Group are presented in Ringgit Malaysia (“RM”), which is the Company’s functional and presentation currency. The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors dated 15 April 2025. 2. PRINCIPAL ACTIVITIES The Company is principally engaged in the business of investment holding. The principal activities of its subsidiaries are set out in Note 5 to the financial statements. 3. BASIS OF PREPARATION The financial statements of the Group and of the Company are prepared under the historical cost convention and modified to include other bases of valuation as disclosed in other sections under material accounting policy information, and in compliance with Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. 3.1 During the current financial year, the Group and the Company have adopted the following new accounting standards and/or interpretations (including the consequential amendments, if any):- MFRSs and/or IC Interpretations (Including The Consequential Amendments) Amendments to MFRS 16: Lease Liability in a Sale and Leaseback Amendments to MFRS 101: Classification of Liabilities as Current or Non-current Amendments to MFRS 101: Non-current Liabilities with Covenants Amendments to MFRS 107 and MFRS 7: Supplier Finance Arrangements The adoption of the above accounting standards and/or interpretations (including the consequential amendments, if any) did not have any material impact on the financial statements of the Group and of the Company.
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