Page 189 - KWAP_Integrated-Report_2023

ENRICHING STAKEHOLDER ASPIRATIONS ENRICHING PERFORMANCE ENRICHING THE COMMUNITY ENRICHING ACCOUNTABILITY & INTEGRITY ENRICHING RESILIENCE & SUSTAINABLE GROWTH

notes to tHe financial statements

for the year ended 31 december 2023

11. iNVESTMENT iN SUBSiDiARiES
KWAP
31 December 31 December
2023 2022
RM’000 RM’000
unquoted shares inside malaysia 2,538,527 2,505,573
unquoted shares outside malaysia 5,757,994 4,866,197
8,296,521 7,371,770
less: allowance for impairment losses (1,075,124) (1,091,806)

7,221,397 6,279,964

details of the subsidiaries, with the country of incorporation are as follows:
Effective
Country Of Ownership Non-Controlling
incorporation/ interest interest
Principal Place 2023 2022 2023 2022
Name Of Business % % % % Principal Activities

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) Jersey 100.0 100.0 - - management of investment
limited trust
prima harta 5 (Jersey) unit Jersey 99.8 99.8 0.2 0.2 management of investment
trust trust

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