223 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 11. OTHER INVESTMENTS Group 2024 2023 RM’000 RM’000 At fair value through other comprehensive income (“FVTOCI”) Unquoted shares in Malaysia 185,329 195,736 Unquoted shares outside Malaysia 93,503 32,983 Investment in limited partnership outside Malaysia 4,729 4,729 283,561 233,448 At fair value through profit or loss (“FVTPL”) Quoted shares in Malaysia 56,693 10 340,254 233,458 Included in other investments is amount of RM56,683 (2023: RMNil) quoted shares in Malaysia pledged to financial institutions as security for financing facilities granted to the Group as disclosed in Note 26 to the financial statements. The details of significant unobservable inputs of material investments under level 3 fair value measurement relating to unquoted investments are as follows: Unquoted shares in Malaysia Unobservable inputs Relationship of unobservable inputs to fair value Sensitivity analysis assume all other variables held constant (a) Revenue growth rates of 9% - 694% (2023: 16% - 693%) Based on management’s experience and knowledge of market conditions of the specific industries. The higher the revenue growth rate, the higher the fair value. A 1% change in revenue growth rate would result in an increase/decrease in fair value by RM121,606 to RM5,774,864 (2023: RM628,527 to RM11,644,534). (b) Pre-tax operating profit margins of 41% - 44% (2023: 35% - 70%) Taking into account management’s experience and knowledge of market conditions of the specific industries. The higher the pre-tax operating margins, the higher the fair value. A 1% change in pre-tax operating profit margin result in an increase/ decrease in the fair value by RM50,030 to RM2,486,671 (2023: RM502,075 to RM7,538,468). (c) Discount rate of 10% - 13% (2023: 11% - 13%) Determined using a Capital Asset Pricing Model. The higher the discount rate, the lower the fair value. A 1% change in discount rate would result in a decrease/ increase in the fair value by RM104,499 to RM5,443,954 (2023: RM365,154 to RM2,725,726).
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