NOTES TO THE FINANCIAL STATEMENTS 8. INVESTMENT IN A JOINT VENTURE Group 2025 RM’000 2024 RM’000 At cost Unquoted shares 1,306 - Details of material associate are as follows: Name of joint venture Principal place of business/country of incorporation Principal activities Effective ownership interest 2025 % 2024 % Gamuda DNeX Cloud Sdn. Bhd. (“GDC”) Malaysia Providing infrastructure for hosting, data processing services and related activities. 50 - The joint arrangement is structured through separate vehicle that provides the Group with a right to the net assets of the entity. Accordingly, this investment is classified as joint venture. It is a strategic investment that complements the Group’s information technology segment. The summarised financial information of the Group’s joint venture is as follows: GDC 2025 RM’000 Reconciliation of net assets to carrying amount Group’s share of net assets 1,306 Group’s share of results for the financial year Group’s share of loss for the financial year (944) Group’s share of other comprehensive income - Summarised financial information As at 31 December Non-current assets 774 Current assets 4,558 Non-current liabilities (260) Current liabilities (2,460) Net assets 2,612 For the period ended 31 December Revenue - Loss for the financial period (1,887) 171 OPERATIONAL REVIEW SUSTAINABILITY STATEMENT GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION INTELLIGENCE POWERING
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