6. INVESTMENT PROPERTIES (continued) (d) Fair value of the investment properties is categorised as follows (continued) 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 between significant Description of valuation Significant unobservable inputs techniques and inputs unobservable and fair value used inputs 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 RM134 - RM404 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 2023 2022 RM’000 RM’000 Less than one (1) year 116 120 One (1) to two (2) years 10 126 126 246 7. INTANGIBLE ASSETS Development Intellectual Group Goodwill costs Software properties Total RM’000 RM’000 RM’000 RM’000 RM’000 Cost Balance as at 1 September 2021 31 August 2022/ 1 September 2022/ 10,964 2,927 152 18,545 32,588 Written-off (533) - (15) - (548) Balance as at 31 August 2023 10,431 2,927 137 18,545 32,040 ANNUAL REPORT 2023 SASBADI HOLDINGS BERHAD 99 Financial Statements (continued)
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