NOTES TO THE FINANCIAL STATEMENTS 3. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (e) During the current financial year, the Group has reviewed the recoverable amount of its oil and gas related assets in the Energy segment due to lower oil price assumptions resulting in lower production forecasts. An impairment loss of approximately RM37,004,000 (2024: Nil), representing the write-down of the oil and gas related assets to its recoverable amount was recognised in “Other operating expenses” line item of the statements of profit or loss and other comprehensive income. The recoverable amount was determined using the fair value less costs of disposal approach. The fair value of the oil and gas related assets was determined using the income approach. In determining the fair value, the management considered factors such as oil price, discount rate and production profile of the assets. The fair value is categorised within level 3 of the fair value hierarchy. (f) In the previous financial year, the Group carried out a review of the recoverable amount of its vessel and associated equipment due to their physical deterioration. An impairment loss of approximately RM11,141,000 was recognised in “Other operating expenses” line item of the statements of profit or loss and other comprehensive income. (g) In the previous financial year, the Group entered into a lease and sale arrangement to dispose of its vessel and certain associated equipment. Accordingly, the assets had been presented in the statements of financial position as “Assets classified as held for sale” as disclosed in Note 17 to the financial statements, measured at the lower of their carrying amount and fair value less costs to sell. In the previous financial year, an impairment loss of approximately RM11,810,000, representing the write-down of the assets was recognised in “Other operating expenses” line item of the statements of profit or loss and other comprehensive income. 4. RIGHT-OF-USE ASSETS Group Buildings RM’000 Leasehold land RM’000 Total RM’000 Carrying amounts At 1 January 2024 3,064 55,027 58,091 Depreciation charges (1,495) (1,285) (2,780) Adjustments (477) - (477) Modification of lease liabilities 371 - 371 Derecognition due to lease modification (107) - (107) Foreign currency translation 38 (105) (67) At 31 December 2024/1 January 2025 1,394 53,637 55,031 Addition 1,935 - 1,935 Depreciation charges (1,859) (1,001) (2,860) Impairment loss - (48,370) (48,370) Derecognition due to lease modification (298) - (298) Foreign currency translation 3 (332) (329) At 31 December 2025 1,175 3,934 5,109 The Group leases certain office buildings, warehouses and leasehold land of which the leasing activities are summarised below: (a) Office buildings and warehouses The Group has leased certain office buildings and warehouses that run between 2 to 3 years (2024: 3 to 4 years), with an option to renew the lease after that date. The Group is allowed to sublease the office buildings and warehouses. (b) Leasehold land The Group leases a piece of land which will expire in June 2059 with an option to renew the lease for another 39 years upon the expiry of the initial lease period. DNeX INTEGRATED REPORT 2025 158 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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