ACCOUNTABILITY | FINANCIAL STATEMENTS 237 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 8. OTHER INCOME Group Company 2024 RM million 2023 RM million 2024 RM million 2023 RM million Net fair value gain on other investments 12 - - 1 Write-back of deposit received 43 - - - Service fee income - - 1 1 Gain on disposal and liquidation of subsidiaries 1 13 1 49 Gain on disposal of joint ventures under common control - - - 257 Gain on disposal of a vessel - 22 - - Net gain on foreign exchange 35 - - - Reversal of impairment loss on other receivables 1 - - - Recharged reimbursable expenses - 14 - - Government grant income 2 4 - - Gain on modification of a term loan 5 - - - Sales of scrap 3 - - - Miscellaneous 6 2 - 1 108 55 2 309 Included in government grant income is grant under the 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. Included in write-back of deposit received relates to termination of an anticipated FPSO project of RM39 million. The Group has paid RM69 million for the exclusivity option to secure a vessel and in turn, has received RM108 million as part of an exclusivity agreement with the customer to secure the said vessel.
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