WASCO BERHAD 252 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 20 ASSETS CLASSIFIED AS HELD FOR SALE (a) On 29 February 2024, the Company entered into a sale and purchase agreement for the disposal of leasehold buildings for a consideration of RM36,000,000. The completion of the disposal is subject to fulfilment of the condition precedent as stipulated in the sale and purchase agreement. Pursuant to MFRS 5 ‘Non-current Assets Held for Sale and Discontinued Operations’, the carrying amount of the leasehold buildings has been classified as assets held for sale and is presented as part of the Others segment in Note 41. On 8 August 2024, the Company completed the disposal of the said leasehold buildings by fulfilling condition precedent as stipulated in the sale and purchase agreement. (b) On 12 October 2023, the Company’s wholly-owned subsidiary, Wasco Agrotech Sdn. Bhd. (formerly known as PMT Industries Sdn. Bhd.) (“WAT”), entered into a sale and purchase agreement for the disposal of freehold land and buildings for a consideration of RM40,000,000. The completion of the disposal is subject to fulfilment of the condition precedent as stipulated in the sale and purchase agreement. Pursuant to MFRS 5 ‘Non-current Assets Held for Sale and Discontinued Operations’, the carrying amount of the leasehold buildings has been classified as assets held for sale and is presented as part of the Bioenergy Services segment in Note 41. Subsequently on 16 January 2024, WAT completed the disposal of the said freehold land and buildings by fulfilling condition precedent as stipulated in the sale and purchase agreement. Details of the carrying value of the assets classified as held for sale are as follows: Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Property, plant and equipment - 9,671 - 6,390 Investment properties - 2,419 - 16,932 - 12,090 - 23,322
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