NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 42. SEGMENTAL INFORMATION (CONT’D.) Inter-segment revenue is eliminated upon consolidation and reflected in the ‘adjustments and eliminations’ column. All other adjustments and eliminations are part of detailed reconciliations presented below: (cont’d.) Notes: Nature of adjustments and eliminations to arrive at the amounts reported in the consolidated financial statements (cont’d.) C. The following items are (deducted from)/added to segment (loss)/profit to arrive at (loss)/profit before tax presented in the consolidated statements of comprehensive income: 2024 2023 RM’000 RM’000 Share of results of an associate – (67,963) Share of results of joint ventures 5,466 17,741 Finance costs (174,341) (206,522) D. Additions to non-current assets consist of: 2024 2023 RM’000 RM’000 Property, plant and equipment (Note 14) 11,742 37,917 Land held for property development (Note 16(a)) 199,110 114,685 Investment properties (Note 17) 16,058 5,038 Intangible assets (Note 22) – 2,246 Right-of-use assets (Note 35(a)) 1,909 136 228,819 160,022 43. SIGNIFICANT EVENTS The following is a summary of material disposals of properties by the Group’s subsidiaries during the financial year ended 31 December 2024, in addition to the material disposals of properties disclosed in Note 27: (a) On 8 August 2022, Tropicana Desa Mentari Sdn Bhd (“TDMSB”), an indirect wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with KSL Development Sdn Bhd, for the disposal of freehold land measuring approximately 340,288 square metres in Gelang Patah, Johor for a total consideration of RM109,885,000. Accordingly, loss on disposal of RM8,895,000 was recognised in the profit or loss upon the fulfillment of conditions precedents in the financial year ended 31 December 2024. (b) On 12 September 2022, Tropicana GP Views Sdn Bhd (“TGPVSB”), a wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with KSL Medini Development Sdn Bhd (“KSL Medini”), for the disposal of 10 parcels of freehold land measuring approximately 218,085 square metres in Gelang Patah, Johor for a total consideration of RM102,936,000. Accordingly, gain on disposal of RM25,038,000 was recognised in the profit or loss upon the fulfillment of conditions precedents in the financial year ended 31 December 2024. ANNUAL REPORT 2024 348
RkJQdWJsaXNoZXIy NDgzMzc=