268 SECTION 09 AL-`AQAR HEALTHCARE REIT NOTES TO THE FINANCIAL STATEMENTS 31 December 2025 10. INVESTMENT PROPERTIES (CONT’D) A summary of the investment properties of the Group and of the Fund, as required to be disclosed by the SC Guidelines, is as follows (cont’d): # The investment properties amounting to RM107,185,406 (2024: RM107,185,406) are used to secure against Commodity Murabahah Term Financing-i (“CMTF-i”) issued by the Fund as disclosed in Note 17. The amount of RM107,185,406 represents the fair value of KPJ Batu Pahat Specialist Hospital and KPJ Healthcare University College, Nilai New Building (residential) amounting to RM67,085,406 (2024: RM67,085,406) and RM40,100,000 (2024: RM40,100,000) respectively. ## The investment properties amounting to RM271,000,000 (2024: RM273,000,000) are used to secure against Revolving Credit-i (“RC - I”) and Term Financing-i (“TF - I”) issued by the Fund as disclosed in Note 17. ### The investment properties amounting to RM75,900,000 (2024: RM75,900,000) are used to secure against Commodity Murabahah Term Financing-II (“CMTF-ii”) issued by the Fund as disclosed in Note 17. The amount of RM75,900,000 represents the fair value of KPJ International College, Penang and KPJ Healthcare University College, Nilai New Building (commercial) amounting to RM14,000,000 (2024: RM14,000,000) and RM61,900,000 (2024: RM61,900,000) respectively. * Based on valuation carried out by independent professional valuer, Rahim & Co. 11. INVESTMENT IN SUBSIDIARIES Fund 2025 RM 2024 RM Unquoted shares, at cost 42,492,186 42,492,186 Less: Accumulated impairment losses (42,492,183) (42,492,183) Net carrying amount 3 3 The movement in the accumulated impairment losses is as follows: 2025 RM 2024 RM At 1 January/31 December 42,492,183 42,492,183 During the financial year, the Fund conducted a review of the recoverable amount of its investment in a subsidiary and the review led to recognition of an impairment loss of RMNil (2024: RMNil), as the recoverable amount was higher than the carrying value. The recoverable amount was determined based on the Fund’s share of net assets in its subsidiary, which represents the Fund’s estimation of fair value less cost to sell of its subsidiary.
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