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Business Combination/Disposal of Subsidiaries (Tables)

12 Months Ended

Jun. 30, 2024

Business Combination/Disposal of Subsidiaries [Abstract]

Schedule of Cash Flows of the Acquisitions of Subsidiaries

The fair value of consideration transferred and the effects on cash flows of the acquisitions of subsidiaries were as follows:

		ARB WMS Technologies
		RM
Net assets upon acquired			210,802
Less: NCI
Equity shares acquired			49	%
Group’s share of net assets acquired			103,293
Less: Negative goodwill on consolidation recognised in consolidated statement of profit or loss			(54,293	)
Total fair value of consideration for the acquisitions			49,000
Fair value consideration for the acquisitions			49,000
Less: Consideration paid in previous year as other investments			-
Total consideration satisfied by cash			49,000

Schedule of Fair Value of Consideration Transferred and The Effects on Cash Flows of The Acquisitions of subsidiaries

The fair value of consideration transferred and the effects on cash flows of the acquisitions of subsidiaries were as follows:

		ARB Synergy Group
		RM
Fair value consideration for the acquisitions			1
Less: Cash and cash equivalents of subsidiaries acquired			(1,296	)
Cash outflow from acquisition of subsidiaries			(1,295	)

The fair value of consideration transferred and the effects on cash flows of the acquisitions of subsidiaries are as follows:

		ARB WMS				ARB Innovation				ARB R1				Total
		RM				RM				RM				RM
Fair value consideration for the acquisitions			51,000				8,000,001				1				8,051,002
Less: Cash and cash equivalents of subsidiaries acquired			(100,000	)			(1,000	)			(1,101	)			(102,101	)
Cash outflow from acquisition of subsidiaries			(49,000	)			7,999,001				(1,100	)			7,948,901

Schedule of Fair Values of Identifiable Assets and Liabilities of Subsidiaries at Acquisition Date

The recognised provisional fair values of identifiable assets and liabilities of subsidiaries at acquisition date were as follows:

		ARB Synergy
		Group
		RM
Cash and bank balances			1,297
Other receivables			1,975
Other payables and accruals			(51,069	)
Net assets			(47,797	)
Non-controlling interests measured at fair value			-
Group’s share of net assets			(47,797	)
Add: Goodwill on consolidation			47,798
Total fair value of consideration for the acquisitions			1

The recognised provisional fair values of identifiable assets and liabilities of subsidiaries at acquisition date are as follows:

		ARB WMS				ARB Innovation				ARB R1				Total
		RM				RM				RM				RM
Trade receivables			190,000				275,000				-				465,000
Cash and bank balances			100,000				1,000				1,101				102,101
Trade payables			-				(6,666	)			-				(6,666	)
Other payables and accruals			(4,368	)			(2,034	)			(2,826	)			(9,228	)
Net assets			285,632				267,300				(1,725	)			551,207
Non-controlling interests measured at fair value			(139,960	)			-				-				(139,960	)
Group’s share of net assets			145,672				267,300				(1,725	)			411,247
Less: Negative goodwill on consolidation recognised in consolidated statement of profit or loss			(94,672	)			-				-				(94,672	)
Add: Goodwill on consolidation			-				7,732,701				1,726				7,734,427
Total fair value of consideration for the acquisitions			51,000				8,000,001				1				8,051,002

Schedule of Revenue and Profit/(Loss)

ARB Synergy Group continued the following revenue and loss to the Group’s consolidated statements of operations for the year ended June 30, 2023 since the date of acquisitions:

		ARB Synergy Group
		RM
Revenue			-
Loss before tax			(52,940	)
Loss for the period			(52,940	)

ARB WMS and ARB Innovation and ARB R1 contributed the following revenue and loss to the Group’s consolidated statements of operations for the current year since the date of acquisitions:

		ARB WMS				ARB Innovation				ARB R1				Total
		RM				RM				RM				RM
Revenue			-				234,000,000				-				234,000,000
Loss before tax			(39,211	)			(406,418	)			(1,000	)			(446,629	)
Loss for the period			(74,668	)			(406,418	)			(1,000	)			(482,086	)

Schedule of Financial Statements

The effects on the Group’s financial statements is as follows:

		ARB Midware
		Group
		RM
Cash proceed			1
Less: Cost of investment in subsidiaries			(1	)
Gain/(Loss) on disposal of subsidiaries at subsidiaries’ company level			-
Post-acquisition reserves recognized up to the date of disposal			(305,818	)
			(305,818	)
Realisation of foreign currency translation gain reclassified from reserve			-
Loss on disposal of subsidiaries at the Group level			(305,818	)

The effects on the Group’s financial statements were as follows:

		ARB Synergy
		Group
		RM
Cash proceed			1
Less: Cost of investment in subsidiaries			(1	)
Gain on disposal of subsidiaries at subsidiaries’ company level			-
Pre-acquisition reserves recognized upon acquisition			(47,799	)
Post-acquisition reserves recognized up to the date of disposal			54,764
			6,965
Realisation of foreign currency translation gain reclassified from reserve			(787	)
Gain on disposal of subsidiaries at the Group level			6,178

Schedule of Assets and Liabilities of Disposal of Subsidiaries

The value of assets and liabilities of disposal of subsidiaries are as follows:

		ARB Midware
		Group
		RM
Trade receivables			1,448,282
Other receivables, prepayments and deposits			205,000
Cash and bank balances			213,504
Trade payables			(618,071	)
Other payables and accruals			(450,751	)
Tax payables			(191,834	)
			606,130
Non-controlling interest			(300,311	)
			305,819
Add: Goodwill			-
			305,819
Loss on disposal of subsidiaries at the Group level			(305,818	)
Net disposal proceeds			1
Cash and cash equivalents of subsidiaries disposed			(213,504	)
Net cash outflow upon disposal of subsidiaries			(213,503	)

The value of assets and liabilities of disposal of subsidiaries were as follows:

Other receivables, prepayments and deposits			7,639
Cash and bank balances			2,950
Other payables and accruals			(65,352	)
			(54,763	)
Realisation of foreign currency translation gain reclassified from reserve			787
			(53,976	)
Add: Goodwill			47,799
			(6,177	)
Gain on disposal of subsidiaries at the Group level			6,178
Net disposal proceeds			1
Cash and cash equivalents of subsidiaries disposed			(2,950	)
Net cash outflow upon disposal of subsidiaries			(2,949	)

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