v3.26.3
Fair Value of Assets and Liabilities
 12 Months Ended
Jun. 30, 2026
Fair Value of Assets and Liabilities [Abstract]  
Fair value of assets and liabilities
25. Fair value of assets and liabilities

 

Fair value measurement

 

The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.

 

The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow:

 

  ● Level 1 – Quoted prices (unadjusted) in active market for identical assets or liabilities that the Company can access at the measurement date

 

  ● Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, and

 

  ● Level 3 – Unobservable inputs for the asset or liability.

 

Financial instrument measured at fair values

 

The following table shows an analysis of each class of financial instruments measured at fair value at the reporting date:

 

    Fair value measurement at the reporting date using  
    Quoted
prices in
active
markets for
identical
instruments
(Level 1)		     Significant
observant
inputs other
than quoted
prices
(Level 2)		     Significant
unobservable
inputs
(Level 3)		     Total  
    RM     RM     RM     RM  
2026                        
Financials liabilities:                        
Warrant liabilities          -              -       2,654       2,654  
                                 
2025                                
Financials liabilities:                                
Warrant liabilities     -       -       -       -  

 

Level 3 fair value measurements

 

The following table presents the changes in Level 3 instruments:

 

    June 30,
2025		     June 30,
2026		     June 30,
2026		  
Series A   RM     RM     USD  
Issuance of warrants     -       11,181,777       2,739,289  
Fair value change     -       (11,214,763 )     (2,747,370 )
Currency realignment     -       35,640       8,731  
At end of the year     -       2,654       650  

 

The warrants were valued using a binomial option pricing model. The significant unobservable input is expected volatility. An increase/(decrease) in expected volatility would result in an increase/(decrease) in the fair value of the warrants.

 

There were no transfers between Level 2 and Level 3 during the year.

 

Assets and liabilities not measured at fair value

 

Cash and cash equivalents, other receivables and other payables

 

The carrying amount of these balances approximate their fair value due to the short-term nature of these balances.

 

Trade receivables and trade payables

 

The carrying amount of these receivables and payables approximate their fair value as they are subject to normal trade credit terms.

 

Lease liabilities and loans from related parties

 

The carrying amount of these balances approximate their fair value as they are subject to interest rates close to market rate of interest for similar arrangements with financial institutions.