NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 6. INVESTMENT IN JOINT VENTURE THE GROUP 2023 RM’000 2022 RM’000 Unquoted shares, at cost 118,800 118,800 Share of post acquisition profits 10,265 8,449 Effect of movement in exchange rate 14,109 13,153 143,174 140,402 The details of the joint venture are as follows:- Name of Joint Venture Principal Place of Business Percentage of Ownership Principal Activities 2023 2022 % % Joint venture of PT Matrix Perkasa Indonesia PT Fin Centerindo Satu@ Indonesia 30 30 Property development @ The joint venture was audited by other firm of chartered accountant. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 179
RkJQdWJsaXNoZXIy NDgzMzc=