ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 215 INTEGRATED ANNUAL REPORT 2026 17. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (i) Impairment of electric vehicles During the current financial year, the Group has performed an impairment assessment on the carrying value of the Group’s electric vehicles, comprising electric vessels and motor vehicles, included within motor vehicles and other assets categories, under Green Technologies business segment. (i) Electric vessels During the current financial year, the Group recognised a full impairment of RM27 million on the electric vessels, which are prototype and demonstration assets with no commercial deployment prospects. (ii) Motor vehicles During the current financial year, the Group recognised impairment on the motor vehicles amounting to RM28 million. The value in use calculations were based on projected cash flows over the remaining lease terms using fixed contractual rentals, estimated residual values upon disposal, and a pre-tax discount rate based on the regional industry WACC. Residual values were determined with reference to comparable market data, adjusted for expected usage and disposal costs. A reasonable change in key assumptions is not expected to materially impact the recoverable amount of the motor vehicles CGU. (j) Impairment of electric vehicle chargers and site installation costs During the financial year, the Group recognised impairment on the electric vehicle chargers and site installation costs amounting to RM33 million. The value in use was determined based on discounted future cash flows from the continued use of the charging sites. Key assumptions included projected revenue growth based on historical utilisation trends and a pre-tax discount rate derived from comparable industry WACC. A reasonable change in key assumptions is not expected to materially affect the recoverable amount of the CGU.
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