224 MKH BERHAD | ANNUAL REPORT 2023 27. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE The Group 2023 2022 RM RM At cost: At beginning of year 345,812 737,030 Disposals (345,812) (391,218) At end of year - 345,812 This was in respect of the following sales and purchase agreements entered into between subsidiaries and third parties or related parties for the disposal of freehold and leasehold land held under land held for property development in the previous financial year: (i) On 29 September 2020 for the disposal of one (1) parcel of freehold land located at Ulu Langat to a director of the Company for a cash consideration of RM1,316,000. The disposal was completed during the financial year; and (ii) On 1 March 2021 for the disposal of one (1) parcel of leasehold land located at Kajang to a director of the Company for a cash consideration of RM1,730,000. The disposal was completed in the previous financial year. 28. SHARE CAPITAL The Group and The Company Number of shares Amount Share capital (issued and fully paid-up) Treasury shares Share capital (issued and fully paid-up) RM Treasury shares RM 2023 At beginning and end of year 586,548,168 (9,132,300) 654,458,655 (11,112,278) 2022 At beginning and end of year 586,548,168 (9,132,300) 654,458,655 (11,112,278) (a) Share capital The holders of ordinary shares are entitled to receive dividends as and when declared by the Company from time to time and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regards to the Company’s residual assets. (b) Treasury shares Treasury shares relate to ordinary shares of the Company that are held by the Company. The amount consists of the acquisition costs of treasury shares net of the proceeds received on their subsequent sale or issuance. The Company has not repurchased any treasury shares during the financial year. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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