TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
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<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U)<br />
ANNUAL REPORT 2009<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
31 DECEMBER 2009<br />
7. SUBSIDIARY COMPANIES (continued)<br />
a) Amount Owing By Subsidiary Companies<br />
COMPANY 2009 2008<br />
RM RM<br />
Non-current assets<br />
Amount owing by subsidiary companies (Note i) 152,721,989 267,084,833<br />
Current assets<br />
Amount owing by subsidiary companies (Note ii) 191,722,140 73,956,692<br />
Note i:<br />
The amount owing by subsidiary companies are unsecured, subject to interest at 4.50% - 6.35% (2008: 4.50%-6.35%)<br />
per annum and are repayable after twelve (12) months.<br />
Note ii:<br />
The amount owing by subsidiary companies are unsecured, interest free and repayable on demand.<br />
8. ASSOCIATE COMPANIES<br />
86<br />
GROUP COMPANY<br />
2009 2008 2009 2008<br />
RM RM RM RM<br />
Unquoted shares, at cost 1,546,784 1,546,784 1,419,334 1,419,334<br />
Share of attributable post<br />
acquisition (loss)/profi t after taxation 2,018,355 (208,863) - -<br />
3,565,139 1,337,921 1,419,334 1,419,334<br />
Represented by:<br />
Share of net tangible assets 3,565,139 1,337,921 1,419,334 1,419,334<br />
The details of the associate companies are as follows:<br />
Group Country of<br />
Associate Companies Effective Interest Incorporation Principal Activities<br />
2009 2008<br />
% %<br />
Held by the Company:<br />
* Cendor Mopu Producer Ltd 20 20 Malaysia To own, lease, sub-lease, maintain,<br />
(Wilayah operate and manage the Mobile<br />
Persekutuan, Offshore Production Unit to carry<br />
Labuan) out oil and gas operations.
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