84 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 9 OTHER OPERATING EXPENSES Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Impairment loss on investment in subsidiaries - - 15,039 14,388 Impairment loss on goodwill 6,037 - - - Realisation of foreign exchange reserve upon disposal of subsidiaries 6,362 - - - Realisation of foreign exchange reserve upon liquidation of a subsidiary 970 - - - Loss on disposal of subsidiaries 2,234 - - - Loss on liquidation of a subsidiary - 290 - - Impairment loss on contract assets - 139 - - Loss on remeasurement of assets held for sale 2,328 - - - Amount due from a subsidiary written off - - 28 - Other operating expenses 4,596 4,006 294 9 22,527 4,435 15,361 14,397 10 OTHER LOSSES, NET Group 2023 RM’000 2022 RM’000 Land Lease Agreement (“LLA”): - Fair value charges (Note 45) (133,706) (352,870) Fair value changes in biological assets (net) (25,885) (27,381) Financial assets at fair value through profit or loss - Fair value losses (Note 28) (1,172) (3,118) - Gain on disposal 9,528 1,749 Foreign currency forward contracts: - Gains/(losses) from mark-to-market and settlement (net) 11,042 (19,626) Oil palm futures contracts: - Gains from mark-to-market and settlement (net) 4,076 3,023 Sugar futures contracts: - Losses from mark-to-market and settlement (net) - (349) Brent crude oil forward option - Gains from mark-to-market and settlement (net) 1,494 4,348 Gain on liquidation of excess raw sugar hedges - 2,087 (134,623) (392,137)
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