Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 21 ASSETS CLASSIFIED AS HELD FOR SALE (CONTINUED) Details of the carrying value of the assets classified as held for sale are as follows: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Property, plant and equipment 9,671 3,531 6,390 - Investment properties 2,419 - 16,932 - Right-of-use assets - 12,640 - - 12,090 16,171 23,322 - 22 ASSETS AND LIABILITIES OF DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE (a) Assets and liabilities of disposal group classified as held for sale during the financial year On 24 August 2023, the Group has decided to divest its trading businesses, namely WDG Resources Sdn. Bhd. and Syn Tai Hung Trading Sdn. Bhd.. Pursuant to MFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”, the Trading segment was classified as “Discontinued Operations” in the statements of profit or loss, and the associated assets and liabilities of the subsidiaries has been classified as assets and liabilities of disposal group classified as held for sale in the statements of financial position. Accordingly, the statements of profit or loss of the preceding corresponding financial year ended 31 December 2022 was re-presented to reflect the discontinued activities. Details of the disposal group classified as held for sale are as follows: Group 2023 RM’000 Property, plant and equipment 702 Right-of-use assets 872 Inventories 19,817 Contract asset 498 Trade and other receivables 83,623 Tax recoverable 418 Derivative financial assets 395 Time deposits 2,500 Cash and bank balances 11,356 Total assets of disposal group classified as held for sale 120,181 245 Wasco Berhad
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