NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 18. INVESTMENTS IN SUBSIDIARIES Company 2024 2023 RM’000 RM’000 Unquoted shares, at cost 4,477,222 3,316,769 Discount on amounts due from subsidiaries 47,910 47,910 4,525,132 3,364,679 Less: Accumulated impairment losses (399,556) (399,556) 4,125,576 2,965,123 Company 2024 2023 RM’000 RM’000 Movement in the accumulated impairment losses: At 1 January/31 December 399,556 399,556 Details of the subsidiaries are as follows: Effective Effective interest interest held by Country of held by the non-controlling Name of subsidiaries incorporation Principal activities Group# interests# 2024 2023 2024 2023 % % % % Advent Nexus Sdn Bhd Malaysia Investment holding 100 100 – – Arah Pelangi Sdn Bhd Malaysia Property development 100 100 – – Bakat Rampai Sdn Bhd (“BRSB”) Malaysia Investment holding 100 100 – – Subsidiaries of BRSB: Dicorp Land Sdn Bhd Malaysia Property development 100 100 – – Tropicana City Sdn Bhd Malaysia Property development 100 100 – – (“TCSB”) and property investment Subsidiaries of TCSB: Dicasa Management Malaysia Property management and 100 100 – – Services Sdn Bhd maintenance services Tropicana City Malaysia Property management 100 100 – – Management Sdn Bhd services Tropicana Kajang Hill Sdn Bhd Malaysia Property development 100 100 – – ANNUAL REPORT 2024 280
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