NOTES TO THE FINANCIAL STATEMENTS 16. CASH AND CASH EQUIVALENTS (CONTINUED) 16.2 Included in non-current cash and cash equivalents is restricted cash amounting to approximately RM284,688,000 (2024: RM267,211,000), which represents monies placed in trust under a Decommissioning Security Agreement for the Group’s obligations for the estimated future cost of decommissioning the facilities of the Anasuria Cluster. Such decommissioning activities are expected to be carried out at the end of life of the Anasuria Cluster and therefore, these monies in the trust are classified as non-current assets. Included in non-current cash and cash equivalents of the Group is restricted cash amounting to approximately RM26,144,000 (2024: RM9,121,000) which is pledged to licensed banks for credit facilities. 16.3 Included in current cash and bank balances of the Group is an amount of RM1,000 (2024: RM1,000) which is pledged to a licensed bank for credit facilities. 17. ASSETS CLASSIFIED AS HELD FOR SALE Group 2025 RM’000 2024 RM’000 Property, plant and equipment - 74,728 In the previous financial year, PT Dagang Samudera Hutama (“PTDSH”), a subsidiary of Dagang Net Technologies Sdn. Bhd. (“DNET”), which is a wholly-owned subsidiary of the Company, entered into a Standard Bareboat Charter Agreement (“SBCA”) and a Memorandum of Agreement (“MOA”) for the lease and sale of a vessel and a remote operating vehicle, for cash consideration of approximately RM75,213,000. Accordingly, the assets with respect to the SBCA and MOA had been classified as assets held for sale. The carrying amounts of the assets are 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 as disclosed in Note 3 to the financial statements. The transaction was subsequently completed on 18 February 2025. 18. CAPITAL AND RESERVES Share capital Group and Company Amount 2025 RM’000 Number of shares 2025 ’000 Amount 2024 RM’000 Number of shares 2024 ’000 Issued and fully paid: Ordinary shares At 1 January 1,130,449 3,471,964 1,017,403 3,156,331 Issuance of new shares pursuant to: - Conversion of Warrants 821 4,319 - - - Private placements - - 113,046 315,633 At 31 December 1,131,270 3,476,283 1,130,449 3,471,964 The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. DNeX INTEGRATED REPORT 2025 178 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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