Registration No. 200301030845 (633265-K) - 89 - 8. Investment in Joint Ventures 2022 2021 In Malaysia: RM RM At Cost Unquoted shares 500,001 1,000,001 Less: Share of post acquisition reserve (500,001) (1,000,001) - - Group Details of the joint ventures are as follows: Country of Principal Name of company incorporation 2022 2021 activities % % Destini Avia Technique Malaysia - 50 Specialise in maintenance, Sdn. Bhd. ("DATSB") repair and overhaul for aircraft components and equipment catered to commercial aviation sector Invation Aero Sdn Bhd. Malaysia 50 50 Sale of rotary wing and ("IASB")* fixed wing aircraft, supply and provision of maintenance, repair and overhaul services and other related services * Joint ventures not audited by UHY Effective equity interests There are no commitment nor contingent liabilities relating to the Group’s interest in the joint ventures. 167 ANNUAL REPORT 2022 DESTINI BERHAD
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