NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2025 (cont’d) 18. AMOUNT DUE FROM/(TO) JOINT VENTURES Amount due from/(to) joint ventures are unsecured, non-trade in nature, non-interest bearing and repayment on demand. 19. DIGITAL ASSETS Group 2025 2024 RM’000 RM’000 Digital assets 376,612 256,727 Digital assets are accounted for as intangible assets under the cost model. After initial recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment losses. The digital assets held by the Group appear to be no foreseeable limit to the period over which they could be exchanged with a willing counterparty for cash or other goods or services. As such, digital assets are not amortised. Indefinite useful life of digital assets is review for impairment annually. Digital assets are derecongnised when the Group have transferred substantially all the risks and rewards of ownership on disposal. The differences between the net disposal proceeds, if any, and the net carrying amount recognised in profit or loss. 20. DEPOSITS WITH LICENSED BANKS Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Fixed deposits (a) 22,151 24,510 14,369 14,369 Deposits with tenure more than 3 months 167 131 - - Trust fund (b) 2 2 - - 22,320 24,643 14,369 14,369 The fixed deposits with licensed banks and deposit with tenure more than 3 months of the Group and of the Company at the end of the reporting period bore effective interest rates ranged from 1.70% to 2.56% (2024: 1.75% to 3.51%) per annum and 2.20% to 2.56 % (2024: 1.75% to 2.80%) per annum respectively. The fixed deposits have maturity periods ranged from 1 to 12 (2024: 1 to 12) months and 12 (2024: 12) months for the Group and for the Company respectively. (a) Included in the fixed deposits of the Group and of the Company amounting to RM485,000 and RM33,000 (2024: RM481,000 and RM33,000) respectively were held in trust by a Director of a subsidiary and a Director of the Company. These amounts have been pledged to licensed banks as security for banking facilities granted to the Group and to the Company as disclosed in Note 25 to the financial statements. (b) The trust fund of the Group have been pledged with licensed bank was established under the Trust Deed dated 24 July 2020 and these accounts are not for Group’s operation purposes. 254
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