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Property, Plant and Equipment
 12 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

8. PROPERTY, PLANT AND EQUIPMENT

 

Computer system and equipment

 

  

30 June

2023

  

30 June

2022

 
   RM   RM 
         
Cost        
         
As at 1 July   56,017,056    - 
Additional   72,383,744    56,017,056 
Disposal   (569)   - 
As at 30 June   128,400,231    56,017,056 
           
Accumulated depreciation          
           
As at 1 July   (933,859)   - 
Additional   (15,859,909)   (933,859)
Disposal   90    - 
As at 30 June   (16,793,678)   (933,859)
           
Net carrying amount   111,606,553    55,083,197 

 

Computer system and equipment (cont’d)

 

  (a) All items of property, plant and equipment are initially measured at cost. After initial recognition, property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses.

 

  (b) Depreciation is calculated to write down the cost of the assets to their residual values on a straight line basis over their estimated useful lives. The estimated useful lives represent common life expectancies applied in the various business segments of the Group. The principal annual rates used are as follows:

 

Computer system and equipment     10% - 20 %