Registration No. 200301030845 (633265-K) - 88 - 6. Investment in Subsidiaries (Cont’d) (c) Deconsolidation of a subsidiary During the financial year On 7 October 2025, the directors of Trovon (Australia) Pty. Ltd., an indirect whollyowned subsidiary, appointed voluntary administrators under Part 5.3A of the Corporations Act 2001 (Australia) following continued operating losses and significant legacy liabilities. From that date the administrators assumed control of the company's business, property and affairs and the Group no longer has power over the entity or the ability to affect its returns (MFRS 10). Accordingly, Trovon (Australia) Pty. Ltd. has been deconsolidated with effect from 7 October 2025. Trovon Group Pty. Ltd. and the other Trovon entities continue to be consolidated. (i) The statements of profit or loss are as follows: Audited 1.7.2025 to 7.10.2025 RM Revenue - Cost of sales (583,592) Gross loss (583,592) Other income 9,325 Administrative expenses (2,912,763) Loss before tax (3,487,030) Taxation - Loss for the financial period (3,487,030) DESTINI BERHAD 201 ANNUAL REPORT 2026
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