ACCOUNTABILITY | FINANCIAL STATEMENTS 265 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 22. OTHER INVESTMENTS Group Company 2024 RM million 2023 RM million 2024 RM million 2023 RM million Financial assets at fair value through profit or loss Investment funds: - In Malaysia - 51 - 51 - Outside Malaysia - 102 - - - 153 - 51 Loans to joint ventures and associates: - Outside Malaysia 74 - - - 74 - - - Total: - In Malaysia - 51 - 51 - Outside Malaysia 74 102 - - 74 153 - 51 Current 74 153 - 51 Included in loans to joint ventures and associates are: (i) convertible loans issued to a joint venture which have fixed payment terms with maturity in February 2024, and bear interest at 12% per annum; and (ii) a convertible loan issued to an associate which has fixed payment term with maturity in June 2024, and bears interest at 12% per annum. The fair values of the convertible loans are determined by using management assumptions and estimates which are categorised as Level 3 of the fair value hierarchy. There is no transfer from Level 1 and Level 2 or out of Level 3 during the financial year. As at 31 January 2023, other investments included investments in money market funds amounting to RM145 million. 23. INVENTORIES Group 2024 RM million 2023 RM million Spare parts 77 25
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