Page 187 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 185

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

10. INVESTMENT IN SUBSIDIARIES (CONTINUED)
details of the subsidiaries, with the country of incorporation are as follows: (continued)

Effective
Country Of Ownership Non-Controlling
Incorporation/ Interest Interest
Principal Place 2022 2021 2022 2021
Name Of Business % % % % Principal Activities

prima harta 6 (Jersey) unit Jersey 99.9 99.9 0.1 0.1 management of investment
trust trust
prima harta 6 (Jersey) limited Jersey 100.0 100.0 - - management of investment
trust
capsquare tower sdn bhd malaysia 100.0 100.0 - - management of property
KWest sdn bhd malaysia 100.0 100.0 - - property development
harta integra berkat sdn bhd malaysia 100.0 100.0 - - management of property
harta rini sdn bhd malaysia 100.0 100.0 - - management of property

* none of the subsidiaries are audited by Jabatan audit negara malaysia.

11. INVESTMENT IN ASSOCIATES

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000
shares at cost,
Quoted shares - - - -
unquoted shares 838,429 796,063 831,930 786,820
838,429 796,063 831,930 786,820
share of post acquisition reserves 296,983 211,379 - -
1,135,412 1,007,442 831,930 786,820
less: allowance for impairment losses - - - -
1,135,412 1,007,442 831,930 786,820