217 INTEGRATED ANNUAL REPORT 2025 ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 17. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (f) Additional information for the right-of-use assets are as follows: (continued) 2024 Land and Buildings RM million Group Depreciation charges for the financial year 32 Carrying amounts at the end of the financial year 121 Company Depreciation charge for the financial year 3 Carrying amounts at the end of the financial year 6 (g) The carrying amount of property, plant and equipment subject to operating leases, primarily comprising FPSO John Agyekum Kufuor (“JAK”) as disclosed in Note 40(b) at each reporting date was as follows: Group 2025 RM million 2024 RM million OSVs - 87 FPSO 2,705 3,136 Others (electric vehicles) 40 - (h) Impairment of Offshore Support Vessels (“OSVs”) For the financial year ended 31 January 2025, the Group reversed an impairment loss of RM10 million (2024: RM11 million) on its OSVs which resulted from a higher recoverable amount determined based on fair value less costs to sell. Refer to Note 48(c) for more details. 18. INVESTMENT PROPERTIES Investment properties are stated at fair value, which were determined based on valuations at the reporting date using the market comparison approach. Group 2025 RM million 2024 RM million At 31 January 15 15 The Group uses assumptions that are based on market conditions existing at the end of each reporting period. The fair value of investment properties were estimated by management based on market evidence of transaction prices for similar properties, adjusted for differences in key attributes such as property size, view and quality of interior fittings. Fair value is determined using Level 3 inputs (defined as unobservable inputs for asset or liability) in the fair value hierarchy of MFRS 13 Fair Value Measurement (Note 41(a)). Changes in fair value are recognised in profit or loss during the reporting period in which they are reviewed.
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