MKH BERHAD | ANNUAL REPORT 2023 195 15. INVESTMENT IN SUBSIDIARIES The Company 2023 2022 RM RM Unquoted shares - at cost Ordinary shares 1,069,750,268 1,005,113,244 Redeemable convertible preference shares (“RCPS”) 270,000,000 279,500,000 1,339,750,268 1,284,613,244 Accumulated impairment loss At beginning of year (11,436,626) (5,536,626) Impairment loss for the financial year (Note 6) - (5,900,000) At end of year (11,436,626) (11,436,626) Net Carrying Amount 1,328,313,642 1,273,176,618 Details of the subsidiaries are as follows: Country of Proportion of ownership interest and voting power held by the Group Name of subsidiary incorporation Principal activities 2023 2022 # Achieve Acres Sdn. Bhd. Malaysia Property development 85% 85% Aliran Perkasa Sdn. Bhd. Malaysia Property development 100% 100% Amona MKH Ventures Sdn. Bhd. Malaysia Property development 50.00001% 50.00001% Budi Bidara Sdn. Bhd. Malaysia Property development 100% 100% # Dapat Jaya Builder Sdn. Bhd. Malaysia Building and civil works contracting and project management services 100% 100% ^ # Everland Asia Development Sdn. Bhd. Malaysia Property development 100% 100% # Gabung Wajib Sdn. Bhd. Malaysia Investment holding and property development 100% 100% Gerak Teguh Sdn. Bhd. Malaysia Property development 100% 100% # GK Resort Berhad Malaysia Investment holding 100% 100% # Global Landscape Creation Sdn. Bhd. Malaysia Dormant 100% 100% NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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