NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 4. INVESTMENT PROPERTIES (CONT’D) (d) Investment properties of the Company comprise buildings that are leased to companies within the Group to earn rental income. They are accounted for as property, plant and equipment at the Group. (e) The strata title deed of building of the Group and of the Company amounting to RM28,354,000 and RM148,692,000 (2022: RM29,007,000 and RM118,447,000) are yet to be issued by relevant authorities. (f) Income and expenses recognised in profit or loss The following are recognised in profit or loss in respect of investment properties: Group Company 2023 2022 2023 2022 Level 3 Level 3 Level 3 Level 3 RM’000 RM’000 RM’000 RM’000 Rental income 410 1,619 6,789 6,619 Direct operating expenses 365 310 1,647 1,099 (g) Material accounting policy information Investment properties are properties held either to earn rental income or for capital appreciation, or for both. Investment properties are measured at cost, including transaction costs, less any accumulated depreciation and impairment losses. Investment properties are depreciated on a straight-line basis to write down the cost of each asset to their residual values over their estimated useful lives. The principal annual depreciation rate is: Leasehold buildings Over the remaining period of the lease ANNUAL REPORT 2023 195 (d) Investment properties of the Company comprise buildings that are leased to companies within the Group to (e) The strata title deed of building of the Group and of the Company amounting to RM28,354,000 and FINANCIAL STATEMENTS
RkJQdWJsaXNoZXIy NDgzMzc=