231 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 ACCOUNTABILITY (FINANCIAL STATEMENTS) 8. Other income Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Fair value gain on other investments - - 1 - Investment income - 2 - - Service fee income - - 1 1 Gain on disposal and liquidation of subsidiaries 13 - 49 - Gain on disposal of joint ventures under common control - - 257 - Gain on disposal of a vessel 22 - - - Net gain on foreign exchange - 27 - 1 Finance lease income - 2 - - Other payables and provisions written back - 21 - - Recharged reimbursable expenses 14 - - - Government grant income 4 3 - - Distribution income from insurance company - 7 - - Indirect tax refund - 9 - - Miscellaneous 2 7 1 - 55 78 309 2 Government grant income recognised was under Jobs Support Scheme (“JSS”) introduced at Budget 2021 by the Government of Singapore and Jobs Growth Incentives (“JGI”). The JSS is a temporary scheme to help enterprises retain local employees while JGI is a temporary scheme to support employers to expand local hiring from September 2020 to March 2023. Under both the JSS and JGI, employers will receive cash grants in relation to the gross monthly wages of eligible employees.
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