200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 13. Investment properties 2024 2023 RM RM Cost At 1 January/31 December 327,444 327,444 Accumulated depreciation At 1 January 194,421 187,872 Charge for the year (Note 6) 6,549 6,549 At 31 December 200,970 194,421 Net carrying amount At 31 December 126,474 133,023 14. Other investments 2024 2023 RM RM Club memberships, at cost 75,000 75,000 15. Investment in subsidiaries 2024 2023 RM RM Unquoted shares, at cost At the beginning of the financial year 349,847,909 327,520,576 Addition - 23,150,000 Strike off of a subsidiary - (822,667) At the end of the financial year 349,847,909 349,847,909 Accumulated impairment losses At the beginning of the financial year (10,000,000) (795,181) Strike off of a subsidiary - 822,667 Reversal/(addition) - (10,027,486) At the end of the financial year (10,000,000) (10,000,000) Net carrying amount At the end of the financial year 339,847,909 339,847,909 Group Group The fair value of the investment properties as at 31 December 2024 was RM1,000,000 (2023: RM950,000). Company - 52 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 144
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