168 Annual Report 2022 OTHER INVESTMENT 17. Notes to the Financial Statements For the Financial Year Ended 30 September 2022 2022 RM 2021 RM The Group Financial asset at fair value through profit or loss Quoted shares in Malaysia At beginning of year Additions during the year 132,496 355,820 355,820 775,849 At end of year 1,474,925 889,439 Disposal during the year Changes in fair value (Note 6) (1,212,362) (114,576) (39,239) (354,834) Fair value hierarchy for other investment has been disclosed in Note 46. LAND HELD FOR PROPERTY DEVELOPMENT 18. 2022 RM 2021 RM The Group Freehold land At beginning of year Additions 468,678,024 486,494,477 486,494,477 467,938,150 At end of year 19,858,726 6,398,811 Addition of provision for landowners’ entitlements Transfer to property development costs (Note 21) - 2,269,000 (2,042,273) (27,224,138) Leasehold land At beginning of year Additions 171,298,149 131,743,105 131,743,105 134,743,824 At end of year 618,237,582 602,681,974 Total land 381,022 1,051,695 Addition of provision for landowners’ entitlements Transfer to non-current assets held for sale (Note 27) - 1,949,024 (362,580) - Transfer to property development costs (Note 21) (39,573,486) - Development costs At beginning of year Additions 270,024,628 271,084,243 Less: Accumulated impairment loss At beginning and end of year (6,284,988) (6,284,988) 271,084,243 282,286,393 At end of year 889,321,825 884,968,367 Total land and development costs 883,036,837 878,683,379 18,265,237 20,122,957 Development expenditure expensed off (Note 6) Transfer to non-current assets held for sale (Note 27) (3,418,590) (132,958) (35,494) - Transfer to property development costs (Note 21) (13,751,538) (8,787,849)
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