Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 131

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 131
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               ( 53,301,712  
  Charge for the year                                           ( 3,186,459                    ( 24,685,179                    -               ( 27,871,638  
  As of June 30                                                 ( 9,824,916                    ( 71,348,434                    -               ( 81,173,350  
  Net carrying amount                                                                                                                                        
  As of                                                          22,039,678                      36,835,003                    29,884,537        88,759,218  

Amortization expenses of intangible assets were RM18,931,458, RM27,871,638and RM22,423,148for the fiscal years ended June 30, 2025, 2024 and 2023, respectively.

Write-off of intangible assets was RM290,004for the fiscal year ended
June 30, 2025. No write-off of intangible assets for the fiscal years ended June 30, 2024 and 2023.

Impairment of goodwill and other intangible assets were RM7,734,427and RM8,044,989for the fiscal year ended June 30, 2025. Noimpairment of goodwill and other intangible assets for the fiscal years ended
June 30, 2024 and 2023.

F-22

6. INTANGIBLE ASSETS (CONT’ D)

Supply/Service Agreements

Supply Agreement, Service Agreement and the Reseller and Drone Service
Agreement (“ Supply/Service Agreements”) recognized in a business combination is a contract-based intangible asset at the acquisition
date and is initially measure at cost. After initial recognition, Supply/Service Agreement is measured at cost less accumulated amortization
and accumulated impairment losses.

For the purpose of initial cost recognition, The
Group had appointed Independent Valuer (“the Valuer”) to value Supply/Service Agreement based on Discounted Cash Flow Valuation
Model (“ DCF valuation model”), where the Valuer has adopted the mid-point cost of equity (“ Ke”) as the discount
rate for future cash flows on June 3, 2021.

The initial cost recognition was taken the following
basis into consideration:

  the                                                                                                                                        

  (i)       provision of all-in-one drone services to streamline workflows on farms and plantation which includes but not limited to spraying pest protection solution for a variety of crops for a period of...  
  (ii)      purchase of Multi-Rotor