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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

37. CAPiTAL COMMiTMENT

Group and KWAP
31 December 31 December
2023 2022
RM’000 RM’000

authorised and contracted for:
computer software 552 1,507
professional service - 1,078
552 2,585

authorised and not contracted for:
office renovation - 49
computers - 13
paintings, office furniture and equipment 7 -
electronic equipment - 15
computer software 580 110
professional service - 19
Vehicles - 227
587 433

1,139 3,018

38. SUBSEQUENT EVENT DiSCLOSURE
Acquisition of an investment Property

the acquisition of one (1) purpose-built Workers accommodation building in tampoi, Johor bahru for a purchase
consideration of rm146.0 million was completed on 23 february 2024.

Withdrawal by the Government of Malaysia

on 16 January 2024, the minister of finance (“mof”) issued a formal letter to KWap to request a withdrawal of
rm1.0 billion to partially finance the government of malaysia’s pension obligations in accordance with section 13 (5) of
the retirement fund act 2007 (act 662). the mof requested the withdrawal to be gradually disbursed in two tranches,
with the first tranche of rm0.5 billion in may 2024 and the second tranche of rm0.5 billion in June 2024.

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