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. 305 44. FAIR VALUE (CONT’D) Fair value reconciliation of investment properties measured at Level 3 are as follows: The Group Factory lot Commercial properties Office and shoplot Education centre Total RM RM RM RM RM 2024 Investment properties At beginning of year 8,886,000 272,138,000 49,345,000 45,000,000 375,369,000 Transfer from inventories - 20,051,460 - - 20,051,460 Fair value loss on transfer of inventories to investment properties - (242,460) - - (242,460) Changes in fair values (764,380) 7,494,000 - 1,000,000 7,729,620 Effect of movements in exchange rate (744,495) - - - (744,495) At end of year 7,377,125 299,441,000 49,345,000 46,000,000 402,163,125 2023 Investment properties At beginning of year - 273,021,000 49,355,000 45,000,000 367,376,000 Transfer from property, plant and equipment 6,070,636 - - - 6,070,636 Fair value gains on transfer of property, plant and equipment to investment properties 2,803,098 - - - 2,803,098 Changes in fair values - (883,000) (10,000) - (893,000) Effect of movements in exchange rate 12,266 - - - 12,266 At end of year 8,886,000 272,138,000 49,345,000 45,000,000 375,369,000
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