231 INTEGRATED ANNUAL REPORT 2025 ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 23. OTHER INVESTMENTS Group 2025 RM million 2024 RM million Financial assets at fair value through profit or loss Investment funds: - In Malaysia 49 - 49 - Loans to joint ventures and associates: - Outside Malaysia 14 74 14 74 Total: - In Malaysia 49 - - Outside Malaysia 14 74 63 74 Current 63 74 As at 31 January 2025, loans to joint ventures and associates included convertible loans issued to associates which have fixed payment terms with maturity periods ranging from February 2025 to December 2025, and bear interest rates ranging from 10% to 12% per annum. As at 31 January 2024, loans to joint ventures and associates included: (i) convertible loans issued to a joint venture which have fixed payment terms with maturity in February 2024, and bear interest at 12% per annum; and (ii) a convertible loan issued to an associate which has fixed payment term with maturity in June 2024, and bears interest at 12% per annum. During the current financial year, YVCPL converted its convertible loans of approximately RM10 million in MooVita and RM43 million in Shift Clean Solutions Ltd into equity, pursuant to the respective convertible instruments, as disclosed in Note 22(a)(i) and Note 47(a), respectively. The fair values of the convertible loans are determined by using management assumptions and estimates which are categorised as Level 3 of the fair value hierarchy. There is no transfer from Level 1 and Level 2 or out of Level 3 during the current and previous financial year. As at 31 January 2025, other investments included investments in money market funds amounting to RM49 million.
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