166 Annual Report 2022 INVESTMENT IN ASSOCIATES The details of the associates, incorporated in Malaysia, are as follows: The above associates are accounted for using the equity method in the consolidated financial statements. 16. Notes to the Financial Statements For the Financial Year Ended 30 September 2022 2022 RM 2021 RM The Group At cost: Unquoted shares Additions 8,384,996 13,285,045 (799,476) 600,897 Share of post-acquisition reserves 12,485,569 25,934,893 4,900,049 12,048,951 13,285,045 25,333,996 Ω ~ * ∆ # Interest held through Perkasa Bernas (M) Sdn. Bhd. (“PBSB”). During the financial year, PBSB subscribed 12,000,000 new cumulative redeemable preference shares in DHSB. Interest held through Kajang Resources Corporation Sdn. Bhd. (“KRC”). Interest held through Dapat Jaya Builder Sdn. Bhd.. Interest held through MKH Building Materials Sdn. Bhd. (“MBMSB”). In the previous financial year, MBMSB acquired 49 new ordinary shares in the associate (Note 35). During the financial year, MBMSB subscribed for additional 48,951 new ordinary shares in SMMSB. Audited by firms of auditors other than Deloitte PLT. Financial year end 31 December 31 March 31 December 31 December Principal activities Name of associate Daksina Harta Sdn. Bhd. (“DHSB”) Property development and property investment ~ # * # Ω # Panasonic Homes MKH Malaysia Sdn. Bhd. (“PHMMSB”) General construction ∆ # Sunway MKH Marketing Sdn. Bhd. (“SMMSB”) Trading of building materials and household related products Rimbunan Melati Sdn. Bhd. (“RMSB”) Property development 2022 2021 Proportion of ownership interest and voting power held by the Group 40% 40% 49% 49% 49% 49% 45% 45%
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