244 MKH BERHAD | ANNUAL REPORT 2023 37. CONTINGENT LIABILITIES (CONT’D) On 15 June 2020, SKSB submitted EOT number 4 (“EOT 4”), for period from 11 April 2020 to 1 July 2020 together with the above mentioned EOT 2 (period from 11 December 2016 to 30 December 2017) and EOT number 3 (“EOT 3”) (period from 31 December 2017 to 10 April 2020). On 23 November 2021, SKSB submitted EOT number 5 (“EOT 5”), for period from 10 June 2020 to 17 October 2021 together with the above mentioned EOT 2, EOT 3 and EOT 4. On 13 March 2023, SKSB has handed over vacant possession of the KTM Komuter Station to PAK. On 10 November 2023, SKSB submitted EOT number 6 (“EOT 6”) to apply extension of time until 13 March 2023. Based on legal opinion obtained, the directors of SKSB are of the opinion that SKSB’s LAD could not be estimated until and unless PAK has completed the assessment of EOT 3, EOT 4, EOT 5 and EOT 6 as the date by which SKSB is required to complete the Construction Works remains uncertain. In view of the uncertainty, there is no revised completion date from which the LAD could be computed and PAK’s right to impose LAD pursuant to DCLA cannot be triggered. Accordingly, SKSB has not made any provision in the financial statements and only disclosed as contingent liabilities. 38. CAPITAL COMMITMENTS As at the reporting date, the Group has the following capital commitments: The Group 2023 2022 RM RM Approved and contracted for 10,307,995 11,633,639 Approved and not contracted for 21,834,897 18,130,778 32,142,852 29,764,417 39. RELATED PARTY DISCLOSURES (a) Identity of related parties For the purposes of these financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decision, or vice versa, or where the Group and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. The Group has a related party relationship with its subsidiaries, associates and key management personnel. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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