Page 90 - Annual Report 2021

Overview Leadership Message Business Segment Moving Forward Our Resources Working for a Corporate Financial
Review Plan Better Tomorrow Governance statements

nOTES TO THE FInanCIaL STaTEmEnTS

7. inVEstMEnts in assOciatEs (cOnt’D)

Except for UM Business Sdn. Bhd., and CBMTI Sdn. Bhd., the UMCB’s interest in these associates are held via nominees.

^ These associates were audited by other firms of chartered accountants.
* Although the proportion of shareholding held by the Group is 50% or more, the Group only has significant
influence over these companies by virtue of the Shareholders’ Agreement which were entered into. Hence, these
companies are neither jointly controlled entities nor subsidiaries of the Group.

Significant influence is the power to participate in the financial and operating policy decisions of the associates but
not the control or joint control over those policies.

8. Plant anD EQuiPMEnt

Depreciation
at charges at
1.1.2021 additions Disposal (note 23) 31.12.2021
rM rM rM rM rM
the group

2021

Carrying Amount

Renovation 6,196,542 870,029 - (556,973) 6,509,598
Office equipment 193,078 47,127 - (56,924) 183,281
Furniture and fittings 464,734 272,226 - (115,792) 621,168
IT equipment, licence and
software development 2,860,11 8 1,064,292 - (1,123,483) 2,800,927
Electrical equipment 762,532 250,823 (3) (311,884) 701,468
Machinery - 269,907 - (23,237) 246,670
Medical equipment 3,541,638 1,065,551 (31,791) (822,412) 3,752,986
Motor vehicles 321,219 - - (100,273) 220,946
Work-in-progress 902,982 1,610,035 - - 2,513,017
15,242,843 5,449,990 (31,794) (3,110,978) 17,550,061

90 UM Holdings Group