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Non-Controlling Interests
 12 Months Ended
Jun. 30, 2023
Non-Controlling Interests [Abstract]  
NON-CONTROLLING INTERESTS

16. NON-CONTROLLING INTERESTS

 

    30 June
2023		     30 June
2022		  
      RM       RM  
                 
Non-controlling interests     94,158       342,343  

 

  (a) Subsidiaries of the Group that have material non-controlling interests (“NCI”) are as follows:

 

30 June 2023  ARB Robotic
Group		   ARB WMS   ARB
Distribution		   Other
individually
immaterial
subsidiaries		   Total 
NCI percentage of ownership interest and voting interest (%)   
-
    49%   49%   
-
      
Carrying amount of NCI (RM)   
-
    105,068    (12,310)   1,400    94,158 
Profit/(Loss) allocated to NCI (RM)   1,716,222    1,695    (15,448)   (1)   1,702,468 
Total comprehensive income/(loss) allocated to NCI (RM)   1,716,222    1,695    (15,448)   (1)   1,702,468 

 

30 June 2022  ARB Robotic
Group		   ARB WMS   ARB
Distribution		   Other
individually
immaterial
subsidiaries		   Total 
NCI percentage of ownership interest and voting interest (%)   5%   49%   49%   
-
      
Carrying amount of NCI (RM)   235,433    103,372    3,138    400    342,343 
Profit/(Loss) allocated to NCI (RM)   235,648    (36,587)   (201,809)   (196,731)   (199,479)
Total comprehensive income/(loss) allocated to NCI (RM)   235,648    (36,587)   (201,809)   (196,731)   (199,479)

 

  (b) Summarised financial information of the subsidiaries that have material NCI as at the end of each reporting period prior to intra-group elimination are as follows:

 

    ARB
WMS		     ARB Robotic
Group		     ARB
Distribution		  
    RM     RM     RM  
30 June 2023                  
Assets and liabilities                  
Current assets     217,428      
-
       6,896,593  
Current liabilities     (3,000 )    
-
       (3,461,715 )
Net assets     214,424      
-
       3,343,878  
                         
Results                        
Revenue    
-
      
-
      
-
  
Profit for the financial year    
-
      
-
       20,143,250  
Total comprehensive income/(loss)     3,460      
-
       (31,525 )
                         
Cash flows from/(used in) operating activities     (69,997 )    
-
       105,708  
Cash flows from/(used in)/from investing activities    
-
      
-
       10  
Cash flows from/(used in) financing activities    
-
      
-
       2,600,000  
Net (decrease)/increase in cash and cash equivalents     (69,997 )    
-
       2,705,718  

 

    ARB
WMS		     ARB Robotic
Group		     ARB
Distribution		  
    RM     RM     RM  
30 June 2022                  
Assets and liabilities                  
Non-current assets    
-
       23,851,293      
-
  
Current assets     287,421       407,717       4,421,408  
Current liabilities     (76,457 )     (324,263 )     (2,305,015 )
Net assets     210,964       23,934,747       2,116,393  
                         
Results                        
Revenue    
-
       6,090,000      
17,155978
  
Profit for the financial year     (74,668 )     4,807,704       (411,856 )
Total comprehensive income/(loss)     (74,668 )     4,807,704       (411,856 )
                         
Cash flows from/(used in) operating activities     187,421       458,954       602,859  
Cash flows from/(used in)/from investing activities    
-
      
-
       890  
Cash flows from/(used in) financing activities    
-
       (74,327 )     2,591,295  
Net (decrease)/increase in cash and cash equivalents     187,421       384,627       3,195,044  

 

  (c) Acquisition of non-controlling interest.

 

30 June 2023

 

On 26 May 2023, the Group had acquired 10 ordinary shares representing 10% of equity interest of ARB Robotic Sdn. Bhd. from ARB Distribution Sdn. Bhd., an 51% owned subsidiary of the Company, for a total consideration of RM 1. As a result, the Group had increased controlling equity interest in ARB Robotic Sdn. Bhd. from 95.1% to 100% at the date of acquisition.

 

Other than the above subsidiaries, the controlling equity interest of individually immaterial subsidiaries remain unchanged as 30 June 2023.

 

30 June 2022

 

On 12 July 2021, the Group had acquired ARB Logistic Technology Sdn Bhd (“ARB Logistic”)’s 49,000 ordinary shares representing 49% of controlling equity interest in consideration of RM 49,000. As a result, the Group had increased controlling equity interest in ARB Logistic from 51% to 100% at the date of acquisition.

 

On 12 October 2021, the Group had acquired additional ARB Agro Tech’s 100 ordinary shares representing 10% of controlling equity interest in consideration of RM 100.00. As a result, the Group had increased controlling equity interest in ARB Agro Tech from 90% to 100% at the date of acquisition.

 

On 31 December 2021, the Group had acquired ARBIOT’s additional 1,000,000 ordinary shares representing 1% of controlling equity interest in consideration of RM 1,000,000. As a result, the Group had increased controlling equity interest in ARBIOT from 99% to 100% at the date of acquisition.

 

Other than the above subsidiaries, the controlling equity interest of individually immaterial subsidiaries remain unchanged as 30 June 2022.