14. INTERESTS IN JOINT ARRANGEMENTS (CONTINUED) Investments in joint operations Details of the joint operations are as follow: Name of joint operation Proportion of ownership Principal activities 2025 % 2024 % Unincorporated in Singapore Hyundai-Keong Hong JV Limited Partnership* 30 30 Undertake of construction works for Punggol Recreation Sport Centre Unincorporated in Singapore Building Works at Tengah Plantation Contract 5 and Common Green* 51 51 Undertake of construction works for Housing and Development Board * Audited by Forvis Mazars LLP, Singapore. 15. INTANGIBLE ASSETS Computer software $’000 Group Cost Balance at 1 October 2023, 30 September 2024 and 2025 639 Accumulated amortisation Balance at 1 October 2023 409 Amortisation 99 Balance at 30 September 2024 508 Amortisation 43 Balance at 30 September 2025 551 Impairment Balance at 30 September 2024 and 2025 88 Net carrying amount Balance at 30 September 2024 43 Balance at 30 September 2025 – The amortisation expense is included in the “Administrative expenses” line item in profit or loss. 16. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (“FVTOCI”) Group and Company 2025 2024 $’000 $’000 Quoted equity shares 2,265 2,385 The equity shares are listed on the Catalist board of the Singapore Exchange Securities Trading Limited. The fair value of the investments in quoted equity shares were based on the quoted closing market prices on the last market day of the financial year. The investments classified as a Level 1 fair value hierarchy. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 101 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
RkJQdWJsaXNoZXIy NTM2MDQ5