Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 64 7. Right-of-use assets (continued) The Group leases a number of warehouses and residential premises which run between one year and three years with options to renew the leases thereafter. (a) Security At 30 June 2021, the land of the Group with carrying amount of RM361,400,626 (2019: RM20,798,307) are charged as security for certain borrowings of the Group (See Note 21). (b) Transfer to inventories During the financial period, a portion of a development have been transferred from right-of-use assets to inventories (see Note 13), as there is an existing potential buyer for a portion of the development. 8. Investment in subsidiaries Company 30.6.2021 31.12.2019 RM RM Unquoted shares, at cost 531,800 531,800 The details of the subsidiaries are as follows: Name of companies Country of incorporation Effective ownership interest and voting interest Principal activities Financial period as at 30.6.2021 Financial year as at 31.12.2019 % % Serba Dinamik Group Berhad (“SDGB”) (^) Malaysia 100.0 100.0 Investment holding and provision of management services. Subsidiaries of SDGB Serba Dinamik Internation al Limited ("SDIL") (^) Malaysia 100.0 100.0 Operation and maintenance of plants and facilities, engineering, procurement, construction and commissioning and related products and services