6,876.2 (6,174.5) 0 70,881.5 Furniture, fittings and office equipment 24.4 2.0 (12.6) 0 13.8 71,222.0 6,892.6 (6,236.0) 0.5 71,879.1 The title deeds of certain leasehold lands classified as ROU assets are in the process of being registered in the name of the Company and certain subsidiaries. Net book value of ROU pledged as security for borrowings are disclosed in Note 26. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 229 7 SUBSIDIARIES Company Note 2023 RM’million 2022 RM’million At cost: Unquoted Ordinary Shares 1,571.8 1,571.8 Redeemable Preference Shares 9,654.1 9,654.1 Shares/Options granted to employees of subsidiaries 447.2 390.1 11,673.1 11,616.0 Less: Accumulated impairment losses (a) (3,645.5) (3,768.0) 8,027.6 7,848.0 The list of the Group subsidiaries is disclosed in Note 49. Capital and other commitments forthe subsidiaries are disclosed in Note 41. Contingent liabilities for the subsidiaries are disclosed in Note 42. (a) Movement in accumulated impairment losses for investment in subsidiaries was mainly contributed by the impairment assessment for Power and Energy International (Mauritius) Ltd. (‘PEIM’): During the financial year, the Company had undertaken the impairment assessment of its investment in PEIM, an investment holding company. Based on the impairment assessment which estimates the cash flow available for distribution from PEIM’s divestment of its significant associate, GMR Energy Limited (‘GEL’) as disclosed in Note 9, the recoverable amount of the Company’s investment in PEIM exceeded its carrying amount, hence a reversal of impairment loss of RM137.7 million (2022: NIL) was recognised in the current financial year. (b) Non-controlling interests (‘NCI’) The NCI is not material to the financial performance, financial position and cash flows of the Group. The NCI information for Sabah Electricity Sdn. Bhd. ('SESB'), Kapar Energy Ventures Sdn. Bhd. (‘KEV’) and Jimah East Power Sdn. Bhd. (‘ JEP’), which contribute to substantial portion of total NCI is set