ANNUAL REPORT 2024 FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 FINANCIAL STATEMENTS NOTES TO THE 157 8. INVESTMENT IN AN ASSOCIATE Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Unquoted share, at cost # # - - Share of post-acquisition loss (#) (#) - - - - - - Note:- # - Amount less than RM1,000. The details of the associate are as follows:- Name of Associate Principal Place of Business/ Country of Incorporation Effective Equity Interest Principal Activities 2024 2023 % % Held by DTSB Datasonic Grid Sdn. Bhd. ("DGSB") Malaysia 25 25 Dormant. (a) The share of result in the associate is based on the financial statements for the financial year ended 31 March 2024. (b) The summarised financial information for the associate is not presented as the associate is not material to the Group. (c) The Group has not recognised the cumulative loss of DGSB, where its share of loss exceeds the Group’s cost of investment. The Group’s cumulative share of unrecognised loss at the end of the financial year was approximately RM4,300 (2023 - RM3,500) of which approximately RM800 (2023 - RM1,000) was the share of the current financial year’s loss. The Group has no obligation in respect of this loss. 9. OTHER INVESTMENTS Group 2024 2023 RM’000 RM’000 At fair value:- Investment in a club membership 350 110 Unquoted ordinary shares 1,000 - 1,350 110 The Group considered this investment in unquoted ordinary shares measured at fair value through profit or loss because the Group do not intend to hold it for long-term strategic purposes.
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