NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2025 (cont’d) 9. Investment in joint ventures (CONT’D) (b) The summarised unaudited financial information for the material joint venture of the Group is as follows: MYEG Philippines 2025 2024 RM’000 RM’000 Financial position Non-current assets 3,732 1,988 Current assets 45,699 22,964 Non-current liabilities (298) (80) Current liabilities (29,026) (16,863) Net assets 20,107 8,009 Financial performance Revenue 48,975 31,655 Profit/Total comprehensive income for the financial year 2,371 1,408 Group’s share of profit/total comprehensive income for the financial year 1,162 690 (c) The summarised financial information has not been presented for JMYR, MYEG (BD) Ltd. and W3CSB as they are not material to the Group. (d) Material accounting policy information Investments in joint ventures are accounted for under equity method in the Group’s statements of financial position. Subsequently, the financial statements include the Group’s share of profit or loss and other comprehensive income of the joint venture. Investment in joint ventures is measured in the Company’s statement of financial position at cost less any impairment losses. 10. Goodwill on consolidation Group 2025 2024 RM’000 RM’000 Cost At 1 January 20,097 20,097 Additions 6 - Accumulated impairment losses (95) (95) At 31 December 20,008 20,002 Goodwill on consolidation is stated at cost and arose from the acquisition of the subsidiaries. 244
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