NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 (CONT’D) 8. INVESTMENT PROPERTY The Group 2025 2024 Note RM’000 RM’000 Building, at cost:- At 1 January/31 December 1,571 1,571 Accumulated depreciation:- At 1 January (78) (47) Depreciation during the financial year 27 (32) (31) At 31 December (110) (78) 1,461 1,493 (a) The fair value of the investment property of the Group as at the end of the reporting period was estimated at approximately RM2,043,000 (2024 - RM2,100,000), which is within level 3 of the fair value hierarchy. The fair value is arrived at based on directors’ assessment of the current price in an active market of comparable property within its vicinity and adjustment is then made for differences in location, size, facilities available, market conditions and other factors in order to arrive at a common basis. (b) The investment property of the Group is leased to a customer under an operating lease with rental payables monthly. The lease contains initial non-cancellable period of 3 years and an option that is exercisable by the customer to extend its lease for further 3 years. As at the reporting date, the future minimum rentals receivable under the non-cancellable operating leases are as follows:- The Group 2025 2024 RM’000 RM’000 Within 1 year 106 72 Between 1 and 2 years 186 - 292 72 186 KEYFIELD INTERNATIONAL BERHAD (Incorporated in Malaysia) | Registration No: 202001038989 (1395310 - M)
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