7 187 186 Notes to the Financial Statements Notes to the Financial Statements 23. RESULTS FROM OPERATING ACTIVITIES (CONTINUED) Note Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Material income: Dividend income from: - Subsidiaries (unquoted) - - 176,932 172,607 - Liquid investments 22 76 21 73 Derivative gain 198 552 - - Gain on change in fair value of biological assets, net 11 - 20,516 - - Gain on change in fair value of agriculture produce, net 896 2,361 - - Gain on disposal of subsidiary 35.2 - 3,725 - - Gain on foreign exchange, net: - realised - 3,196 6,121 3,141 - unrealised - 7,568 1,228 2,171 Gain on liquid investments, net: - unrealised 162 12 162 12 Gain on disposal of property, plant and equipment 4,190 1,264 - - Gain on disposal of asset held for sale 2,684 - - - Gain on termination of lease contracts 96 208 - - Government grant a 111,872 13,771 - - Reversal of impairment loss of advances to suppliers - 703 - - Expenses arising from leases: Expenses relating to short-term leases 9,699 8,361 - - Expenses relating to leases of low-value assets 823 1,006 - - Expenses relating to variable lease payments not included in the measurement of lease liabilities 1,571 1,894 - - Income arising from leases: Rental of equipment 8 14 - - Rental of premises 2,826 1,381 - - Note a Included in government grant are government subsidy income received amounted to RM110,526,000 (2022: RM9,030,000) to mitigate the high production cost caused by the hike in commodity feed prices whilst the government imposed price control for chicken and egg. This government subsidy income was recognised in profit or loss in cost of sales where the raw material costs were recognised. The outstanding balances of the government subsidy receivables is disclosed in Note 10. 24. FINANCE COSTS Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Interest expense of financial liabilities that are not at fair value through profit or loss: - term loans 31,664 30,233 19,232 21,388 - bank overdrafts 844 699 - - - bills payable 17,525 9,280 - - - hire purchase liabilities - 7 - - - lease liabilities 7,796 7,389 - - - revolving credit 2,852 2,347 1,667 1,424 - supplier factoring facilities 957 328 - - - subsidiaries - - 5,420 3,645 61,638 50,283 26,319 26,457 Other finance costs 2,837 1,438 - - 64,475 51,721 26,319 26,457 25. FINANCE INCOME Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Interest income of financial assets that are not at fair value through profit or loss: - deposits placed with licensed banks 6,995 6,799 288 182 - subsidiaries - - 31,461 38,923 - others 290 177 - - Interest income of financial assets measured at fair value through profit or loss mandatorily: - liquid investment 475 804 - - 7,760 7,780 31,749 39,105
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