6. INVESTMENT PROPERTIES Group Buildings RM’000 Cost Balance as at 1 September 2021/31 August 2022/1 September 2022/ 31 August 2023 2,640 Accumulated depreciation Balance as at 1 September 2021 267 Charge for the financial year 53 Balance as at 31 August 2022/1 September 2022 320 Charge for the financial year 52 Balance as at 31 August 2023 372 Carrying amount Balance as at 31 August 2022 2,320 Balance as at 31 August 2023 2,268 (a) Investment properties comprise of commercial buildings that are leased to third parties. Each of the lease contains an initial non-cancellable period of 3 years. Subsequent renewals are negotiated with the lessees with an average renewal period of 2 years. No contingent rents are charged. (b) Investment properties are stated at cost, less accumulated depreciation and any accumulated impairment losses. The depreciation policy adopted for investment properties is similar to property assets under property, plant and equipment. (c) The following are recognised in profit or loss in respect of investment properties: Group 2023 2022 RM’000 RM’000 Rental income 120 118 Direct operating expenses (15) (15) (d) Fair value of the investment properties is categorised as follows: Group Level 3 2023 2022 RM’000 RM’000 Commercial buildings 2,910 2,680 ANNUAL REPORT 2023 SASBADI HOLDINGS BERHAD 98 Financial Statements (continued)
RkJQdWJsaXNoZXIy NDgzMzc=