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Property, Plant and Equipment
 12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

8. PROPERTY, PLANT AND EQUIPMENT

 

Computer system and equipment

 

   June 30,
2024		   June 30,
2023		   June 30,
2022		 
   RM   RM   RM 
             
Cost            
             
As at July 1   128,400,231    56,017,056    
-
 
Additions   30,000,000    72,383,744    56,017,056 
Written off   
-
    (569)   
-
 
As at June 30   158,400,231    128,400,231    56,017,056 
                
Accumulated depreciation               
                
As at July 1   (16,793,678)   (933,859)   
-
 
Additions   (28,310,019)   (15,859,909)   (933,859)
Written off   
-
    90    
-
 
As at June 30   (45,103,697)   (16,793,678)   (933,859)
                
Net carrying amount   113,296,534    111,606,553    55,083,197 

 

  (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%