Page 191 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 189

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

12. INVESTMENT IN JOINT VENTURES (CONTINUED)
details of the joint venture of subsidiaries are as follow:

Effective
Interest
Country Of Ownership
Incorporation/ Interest Accounting
Principal Place 2022 2021 Model
Name Of Business % % Applied Principal Activities
persada mentari sdn bhd malaysia 20.0 20.0 equity method real estate development
services
the summary of the financial information in relation to aggregated joint ventures of the group and KWap are as
disclosed below.

2022 2021
RM’000 RM’000

total carrying amount of individually immaterial Joint Ventures 2,756 841
aggregate amounts of the group’s share of:
profit for the financial year 1,915 2,490

13. LOANS AND RECEIVABLES

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000
Non-Current
loans and receivables
- commercial loan 434,136 1,005,068 434,136 1,005,068
- loans to related parties - - 253,818 313,956
434,136 1,005,068 687,954 1,319,024
long term receivables 22,077 23,984 - -

Current
loans and receivables
- commercial loan 584,683 1,970,209 584,683 1,970,209