Malaysia legislation
Section 15
of Mengikut peraturan Bilangan 34 Peraturan-Peraturan Tanah Tahun 1966, adalah
Seksyen 15
INVESTMENTS IN ASSOCIATED COMPANIES
The Group
The Company 2005 2004 2005 2004
Unquoted shares in associated companies:
At cost 45,712,420 53,062,420 45,712,420 53,062,420
Allowance for diminution in value
—
—
— (5,512,500)
Share of post-acquisition results of associated companies 5,092,391 3,421,036
—
—
Dividend received out of pre-acquisition profits
(8,523,699)
(8,523,699)
(8,523,699) (8,523,699)
42,281,112 47,959,757 37,188,721 39,026,221
The share of post-acquisition results of associated companies is stated after deducting dividends (net) of RM9,020,979 (RMNil in 2004) received.
Analysis of associated companies is as follows:
The Group 2005 2004
Group’s share of net tangible assets 27,831,289 32,665,271
Premium on acquisition net of amortisation 14,267,411 15,286,511
Share in foreign exchange fluctuation of associated company 182,412 7,975 42,281,112 47,959,757
Details of associated companies (all incorporated in Malaysia) are as follows:
Effective Equity
Interest
Name of Company 2005 2004
Principal Activities
Revertex (Malaysia) Sdn. Bhd.