NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2025 (cont’d) 11. OTHER INVESTMENTS Group 2025 2024 RM’000 RM’000 At fair value through other comprehensive income (“FVTOCI”) Unquoted shares in Malaysia 186,029 185,329 Unquoted shares outside Malaysia 93,503 93,503 Investment in limited partnership outside Malaysia 4,729 4,729 284,261 283,561 At fair value through profit or loss (“FVTPL”) Quoted shares in Malaysia 46,101 56,693 330,362 340,254 Included in other investments is amount of RM46,002,000 (2024: RM56,683,000) quoted shares in Malaysia have been pledged to financial institutions as security for financing facilities granted to the Group as disclosed in Note 25 to the financial statements. The details of significant unobservable inputs of material investments under level 3 fair value measurement relating to unquoted investments are as follows: Unquoted shares in Malaysia Unobservable inputs Relationship of unobservable inputs to fair value Sensitivity analysis assume all other variables held constant (a) Revenue growth rates of 3% (2024: 9%- 694%) Based on management’s experience and knowledge of market conditions of the specific industries. The higher the revenue growth rate, the higher the fair value. A 1% change in revenue growth rate would result in an increase/decrease in fair value by RM131,246 to RM3,003,724 (2024: RM121,606 to RM5,774,864). (b) Pre-tax operating profit margins of 46% - 63% (2024: 41%- 44%) Taking into account management’s experience and knowledge of market conditions of the specific industries. The higher the pre-tax operating margins, the higher the fair value. A 1% change in pre-tax operating profit margin result in an increase/decrease in the fair value by RM60,146 to RM1,864,135 RM1,864,135 (2024: RM50,030 to RM2,486,671). (c) Discount rate of 10% to 13% (2024: 10% - 13%) Determined using a Capital Asset Pricing Model. The higher the discount rate, the lower the fair value. A 1% change in discount rate would result in a decrease/ increase in the fair value by RM123,464 to RM3,150,279 (2024: RM104,499 to RM5,443,954). 246
RkJQdWJsaXNoZXIy NDgzMzc=