8. INVESTMENTS IN SUBSIDIARIES (continued) (e) (continued) The fair value of the identifiable assets and liabilities of Edu Paper and Stationery Sdn. Bhd. as at the date of the acquisition are as follows: RM’000 Property, plant and equipment (Note 5) 3,005 Inventories 1,824 Trade and other receivables 2,567 Cash and cash equivalents 143 Trade and other payables (4,583) Total fair value of identifiable net assets 2,956 Goodwill arising from acquisition (Note 7) 806 Non-controlling interest (1,182) Total purchase consideration at fair value 2,580 Cash outflow on acquisition: Total purchase consideration at fair value 2,580 Cash and cash equivalents of a subsidiary acquired (143) Net cash outflow on acquisition 2,437 If the acquisition occurred on 1 September 2024, revenue and profit after tax of the Group for the financial year ended 31 August 2025 would have been RM120,073,000 and RM10,700,000 respectively. (f) The subsidiary of the Group that has non-controlling interest (“NCI”) is as follows: Edu Paper and Stationery Sdn. Bhd. RM’000 NCI percentage of ownership interest and voting interest 40% Carrying amount of NCI 688 Loss attributable to NCI (494) ANNUAL REPORT 2025 Financial Statements (conঞ nued) 113
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