286 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 20 ASSETS/LIABILITIES CLASSIFIED AS HELD FOR SALE (a) On 26 November 2025, the Company’s indirect wholly-owned subsidiary, WS Engineering & Fabrication Pte. Ltd. (“WSEF”), entered into a sale and purchase agreement for the disposal of leasehold office building for a consideration of SGD9,600,000 (equivalent to approximately RM31,472,000). 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 office building and right-of-use assets have been classified as assets held for sale, and the related lease liabilities have been classified as liabilities directly associated with assets held for sale. These are presented as part of the Energy Services segment in Note 40. (b) 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. 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. Accordingly, a gain on disposal of RM30,298,000 was recognised in the statement of profit or loss. (c) On 12 October 2023, the Company’s wholly-owned subsidiary, Wasco Agrotech 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 40. 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. Accordingly, the carrying amount of the said freehold land and buildings was derecognised as assets held for sale, resulting in a gain on disposal of RM30,469,000 being recognised in the statement of profit or loss. Details of the assets and liabilities classified as held for sale are as follows: Group 2025 RM’000 2024 RM’000 Property, plant and equipment 29,934 - Right-of-use assets 8,742 - 38,676 - Lease liabilities 10,591 -
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