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Non-Controlling Interests

12 Months Ended

Jun. 30, 2024

Non-Controlling Interests [Abstract]

NON-CONTROLLING INTERESTS

15. NON-CONTROLLING INTERESTS

June 30,
2024

June 30,
2023

June 30,
2022

Non-controlling interests

400

94,158

342,343

(a)

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

June 30, 2024	ARB Robotic Group		ARB WMS			ARB Distribution		Other individually immaterial subsidiaries		Total
NCI percentage of ownership interest and voting interest (%)		-		-			-		-
Carrying amount of NCI (RM)		-		-			-		400		400
Profit allocated to NCI (RM)		-		(1,775	)		312,621		-		310,846
Total comprehensive income/(loss) allocated to NCI (RM)		-		(1,775	)		312,621		-		310,846

June 30, 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

June 30, 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 Distribution
	RM			RM
June 30, 2024
Results
Revenue		-			5,716,647
(Loss)/Profit for the financial year		(3,872	)		638,002
Total comprehensive (loss)/income		(3,872	)		638,002

Cash flows used in operating activities		(3,872	)		385,640
Cash flows from investing activities		-			10
Cash flows used in financing activities		-			(3,460,000	)
Net decrease in cash and cash equivalents		(3,872	)		(3,074,350	)

	ARB WMS			ARB Distribution
	RM			RM
June 30, 2023
Assets and liabilities
Current assets		217,428			6,896,593
Current liabilities		(3,000	)		(3,461,715	)
Net assets		214,428			3,434,878

Results
Revenue		-			20,143,250
Profit/(Loss) for the financial year		3,460			(31,525	)
Total comprehensive income/(loss)		3,460			(31,525	)

Cash flows (used in)/from operating activities		(69,997	)		105,708
Cash flows from investing activities		-			10
Cash flows from 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
June 30, 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			17,155,978
(Loss)/Profit for the financial year		(74,668	)		4,807,704			(411,856	)
Total comprehensive (loss)/income		(74,668	)		4,807,704			(411,856	)

Cash flows from operating activities		187,421			458,954			602,859
Cash flows from investing activities		-			-			890
Cash flows (used in)/from financing activities		-			(74,327	)		2,591,295
Net increase in cash and cash equivalents		187,421			384,627			3,195,044

(c)

Acquisition of non-controlling interest.

June 30, 2024

On October 6, 2023, ARB IOT Group Sdn. Bhd., disposed 100% equity interest in ARB Midware Sdn. Bhd., for a total consideration of RM 1. Consequently, ARB Midware Sdn. Bhd. and its subsidiary, namely ARB Distribution Sdn. Bhd. were disposed off from the Group.

On May 31, 2024, the Group had acquired additional ARB WMS Technologies Sdn. Bhd.’s 49,000 ordinary shares representing 49% of controlling equity interest in consideration of RM 49,000.00. As a result, the Group had increased controlling equity interest in ARB WMS Technologies Sdn. Bhd. from 51% to 100% at the date of acquisition.

Other than the above subsidiaries, the controlling equity interest of individually immaterial subsidiaries remain unchanged as at June 30, 2024.

June 30, 2023

On May 26, 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 June 30, 2023.

June 30, 2022

On July 12, 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 October 12, 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 December 31, 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 June 30, 2022.