MKH Annual Report 2024

Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 205 6. PROFIT BEFORE TAX (CONT’D) The Group The Company 2024 2023 2024 2023 RM RM RM RM And crediting: Bad debt recovered - 26,620 - - Changes in fair values of: Biological assets (Note 25) 2,848,371 288,344 - - Investment properties (Note 14) 7,729,620 - - - Dividend income from other investment 18,004 56,489 - - Fair value gains arising on transfer of property, plant and equipment to investment properties (Note 14) - 2,803,098 - - Gain on disposal of: Land held for property development - 194,417 - - Non-current assets classified as held for sale - 765,934 - - Other investment 141,009 8,101 - - Property, plant and equipment 5,561 - - - Impairment loss no longer required on: Land held for property development (Note 18) - 824,897 - - Loan receivables (Note 20) 38,000 - - - Trade receivables (Note 20) 411,903 12,250 - - Other receivables (Note 20) 8,672 6,426 - 6,426 Income arising on capital reduction of subsidiaries - - - 1,137,537 Interest income: Advances to subsidiaries - - 1,220,275 1,002,721 Bank balances, term deposit and short-term placements 9,684,522 6,783,100 101,147 364,685 Accretion of interest 1,135,661 4,465,680 - - 10,820,183 11,248,780 1,321,422 1,367,406 Net gain on foreign exchange: Realised - - - 69 Rental income 3,787,554 4,880,841 - -

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