168 Annual Report 2021 16. INVESTMENT IN ASSOCIATES The Group 2021 2020 RM RM At cost: Unquoted shares 8,384,996 8,285,000 Additions 4,900,049 99,996 13,285,045 8,384,996 Share of post-acquisition reserves (799,476) 1,591,520 12,485,569 9,976,516 The details of the associates, incorporated in Malaysia, are as follows: Proportion of ownership interest and voting power held by the Group Name of associate Principal activities 2021 2020 Financial year end Ω Daksina Harta Sdn. Bhd. Property development 40% 40% 31 December (“DHSB”) ~ Panasonic Homes MKH General construction 49% 49% 31 March Malaysia Sdn. Bhd. (“PHMMSB”) * Rimbunan Melati Sdn. Bhd. Property development 45% 45% 31 December (“RMSB”) Δ Sunway MKH Marketing Trading and supply of 49% - 31 December Sdn. Bhd. (“SMMSB”) building materials Ω Interest held through Perkasa Bernas (M) Sdn. Bhd. (“PBSB”). ~ Interest held through Kajang Resources Corporation Sdn. Bhd. (“KRC”). * Interest held through Dapat Jaya Builder Sdn. Bhd.. Δ Interest held through MKH Building Materials Sdn. Bhd. (“MBMSB”). During the financial year, MBMSB acquired 49 new ordinary shares in the associate (Note 34). The above associates are accounted for using the equity method in the consolidated financial statements. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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