discount rates. We focused on this area because of the significant estimates made by management in determining the present value of post-employment benefit plans. We performed the following audit procedures: • Obtained an understanding of the terms and conditions of the post-employment benefit plans; and • Tested the present value of post-employment benefit plans based on the actuarial valuation reports by performing the following: - Discussed with the actuary on the valuation method used and checked that the valuation method is acceptable in accordance with MFRS 119 "Employee Benefits"; - Discussed with the actuary on the key assumptions used in the actuarial valuation and checked the reasonableness by comparing to historical data; - Checked the reasonableness of the discount rates with the assistance of our valuation experts by comparingto market yields of high quality government securities at the reporting date; - Checked the membership data used in the actuarial models through inspection of payroll personnel files and other supporting documents; and - Compared the fair value of plan assets based on the actuary report against the trustee’s report. Based on the procedures performed above, we did not find any material exceptions to the Directors’ estimates of the post-employment benefits carrying value. Business Combination - Acquisitions during the financial year Refer to Note 4 - Critical Accounting Estimates and Significant Judgements, Note 10 - Intangible Assets and Note 48 - Significant Acquisitions during Current and Preceding Financial Years Acquisition of Spark Renewables Pty Ltd and its subsidiaries (‘Spark Renewables Group’) On 20 September 2023, the Group completed its acquisition of 100% equity interest in the Spark Renewables Group for a purchase consideration of RM1,184.9 million. The Group assessed the acquisition of these subsidiaries as a business acquisition in accordance with MFRS 3 “Business Combinations”. Based on the purchase price allocation (‘PPA’) exercise performed, the fair value of