ANNUAL REPORT 2025 FINANCIAL STATEMENTS Notes to the Financial Statements (Cont’d) For the Financial Year Ended 31 March 2025 176 47. CONTINGENT LIABILITIES No provisions are recognised on the following matters as it is not probable that a future sacrifice of economic benefits will be required or the amount is not capable of reliable measurement:- Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Performance guarantees extended to customers 17,738 18,476 - - 48. RELATED PARTY DISCLOSURES (a) Subsidiaries The subsidiaries as disclosed in Note 8 to the financial statements. (b) Significant Related Party Transactions and Balances The transactions of the Company with its related parties are as follows:- Company 2025 2024 RM’000 RM’000 Subsidiaries Management service fee 26,796 25,959 Consultancy fee 855 695 Dividend income 55,000 84,500 Equipment transferred from 6 13 Equipment transferred to 11 1 Rental income 1,490 1,490 Other than dividend income, related party transactions were made on terms equivalent to those that prevail in arm’s length transactions are made only if such terms can be substantiated. 49. OPERATING SEGMENTS Operating segments are prepared in a manner consistent with the internal reporting provided to the chief operating decision makers in order to allocate resources to segments and to assess their performance. For management purposes, the Group is organised into business units based on the products and services provided. The Group is organised into three main reportable segments as follows:- Customised smart card solutions (“CSCS”) - provision of large scale customised software and hardware systems for secure ID, credential management, total smart card solutions and ICT project management. Manufacturing (“MA”) - manufacturing of cards and booklets. Investment holding (“IH”) - investment holding and provision of management services to the group of companies.
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