$+" ASSETS#CLASSIFIED#AS#HELD#FOR#SALE Group +"+$ +"++ RM’""" RM’""" At!#!January –! !$0&/##! Transfer!from!property&!plant!and!equipment!(Note!$/) !)"'%"$$! –! Transfer!from!investment!properties!(Note!$0) !+&%+""! –! Reclassification!from!investment!in!an!associate!(Note!$-) !)+%"."! –! Transfer!from!intangible!assets!(Note!"") !$#'! –! Disposals! –! !($0&/##)! At!$#!December !)($%&+.! –! The!details!of!the!assets!classified!as!held!for!sale!are!as!follows) (a) Transfer!from!property%!plant!and!equipment!and!intangible!assets (i) On!%!December!"#"+&!Tropicana!Residences!Sdn!Bhd&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase! agreement!with!IOI!PFCC!Hotel!Sdn!Bhd!and!Flora!Development!Sdn!Bhd&!for!the!disposal!of!W!Kuala!Lumpur&!a!"/-storey!hotel! which!is!situated!on!a!freehold!land!with!a!gross!floor!area!of!1,&,"1!square!metres!in!Kuala!Lumpur!for!a!total!consideration! of!RM"0#&###&###'!The!said!disposal!will!be!completed!in!financial!year!ending!+$!December!"#"1' (ii) On!"%!January!"#"1&!Tropicana!Macalister!Avenue!(Penang)!Sdn!Bhd&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a! sale!and!purchase!agreement!with!IOI!PFCC!Hotel!Sdn!Bhd&!for!the!disposal!of!Courtyard!by!Marriott!Penang&!a!hotel!which!is! situated!on!a!freehold!land!with!a!gross!floor!area!of!""&##/!square!metres!in!Penang!for!a!total!consideration!of!RM$%/&###&###'! The!said!disposal!will!be!completed!in!financial!year!ending!+$!December!"#"1' (b) Transfer!from!investment!properties (i) On!$$!July!"#"+&!Tropicana!Properties!(Sabah)!Sdn!Bhd!(“TPSB”)&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale! and!purchase!agreement!with!GPL!Properties!Sdn!Bhd!(“GPLPSB”)&!for!the!disposal!of!+!parcels!of!leasehold!land!approximately! "&#"+!square!metres!together!with!a!1-storey!building!with!gross!floor!area!approximately!"&/+/!square!metres!in!Sabah!for!a! total!consideration!of!RM-&###&###'!The!said!disposal!will!be!completed!in!financial!year!ending!+$!December!"#"1' (ii) On!$$!July!"#"+&!TPSB&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase!agreement!with!GPLPSB&!for! the!disposal!of!a!parcel!of!leasehold!land!approximately!"&#"+!square!metres!in!Sabah!for!a!total!consideration!of!RM+&###&###'! The!said!disposal!will!be!completed!in!financial!year!ending!+$!December!"#"1' (iii) On!$$!July!"#"+&!TPSB&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase!agreement!with!GPLPSB&!for! the!disposal!of!a!parcel!of!leasehold!land!approximately!-$$!square!metres!together!with!a!+-storey!building!with!gross!floor! area!approximately!+&011!square!metres!in!Sabah!for!a!total!consideration!of!RM%&0##&###'!The!said!disposal!will!be!completed! in!financial!year!ending!+$!December!"#"1' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 260 ANNUAL REPORT 2023
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