FINANCIAL STATEMENTS (continued) 86 6. INVESTMENT PROPERTIES (continued) (c) The following are recognised in profit or loss in respect of investment properties: Group 2022 2021 RM’000 RM’000 Rental income 118 116 Direct operating expenses (15) (16) (d) Fair value of the investment properties is categorised as follows: Group Level 3 2022 2021 RM’000 RM’000 Commercial buildings 2,680 2,680 The following table shows the valuation techniques used in the determination of fair values within level 3, as well as the significant unobservable inputs used in the valuation models. Inter-relationship Description of Significant between significant valuation techniques unobservable unobservable inputs and and inputs used inputs fair value measurements Sales comparison method: Entails recent transactions and asking prices of similar property in and around the locality for comparison purposes with adjustment made for differences in location, physical characteristics, time element, if any and other relevant characteristics to arrive at the market value. Price per square foot (RM138 to RM610) The estimated fair value would increase if the price per square foot is higher. (e) The aggregate future minimum lease receivable as at the end of each reporting period as follows: Group 2022 2021 RM’000 RM’000 Less than one (1) year 120 112 One (1) to two (2) years 126 10 246 122 86 SASBADI HOLDINGS BERHAD
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