Page 186 - KWAP_AR2022

184 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

notes to the
financial statements
for the year ended 31 december 2022

10. INVESTMENT IN SUBSIDIARIES
KWAP
31 December 31 December
2022 2021
RM’000 RM’000
unquoted shares inside malaysia 2,505,573 2,431,378
unquoted shares outside malaysia 4,866,197 4,741,397

7,371,770 7,172,775
less: allowance for impairment losses (1,091,806) (727,137)
6,279,964 6,445,638

details of the subsidiaries, with the country of incorporation are as follows:
Effective
Country Of Ownership Non-Controlling
Incorporation/ Interest Interest
Principal Place 2022 2021 2022 2021
Name Of Business % % % % Principal Activities
KWap managed investment australia 100.0 100.0 - - management of investment
trust 2 trust
KWap managed investment australia 100.0 100.0 - - management of investment
trust 3 trust
KWap managed investment australia 100.0 100.0 - - management of investment
trust 4 trust
prima ekuiti (uK) limited united 100.0 100.0 - - fund management services
Kingdom
prima harta (Jersey) unit Jersey 99.6 99.6 0.4 0.4 management of investment
trust trust
prima harta u (Jersey) limited Jersey 100.0 100.0 - - management of investment
trust
prima harta 2 (Jersey) unit Jersey 100.0 100.0 - - management of investment
trust trust
prima harta 3 (lux) s.á.r.l luxembourg 100.0 100.0 - - management of investment
trust
prima harta 4 (Jersey) unit Jersey 99.6 99.6 0.4 0.4 management of investment
trust trust
prima harta 4 u (Jersey) limited Jersey 100.0 100.0 - - management of investment
trust
prima harta 5 (Jersey) unit Jersey 99.8 99.8 0.2 0.2 management of investment
trust trust
prima harta 5 (Jersey) limited Jersey 100.0 100.0 - - management of investment
trust