BERJAYA GROUP BERHAD - Berjaya Corporation Berhad

85
N O T E S T O T H E A C C O U N T S
30 APRIL 1998
5 DEBTORS (CONTINUED)
Notes :
Sinking fund investments represent deposits with licensed finance companies.
(a) Under the provisions of the Trust Deed dated 31 January 1994 made by a subsidiary company and the
Trustee for the holders of the 5% Redeemable Unsecured Bonds 1994/1999 (“Bonds”) as disclosed in
Note 10(a) to the accounts, the subsidiary company will establish and maintain a sinking fund to secure
the repayment of the full amount of the original Bonds outstanding on maturity date.
The following amounts shall be payable to the Trustee in cash on the dates stated below:-
Contribution Dates %
11 April 1995 20
11 April 1996 40
11 April 1997 60
11 April 1998 80
11 October 1998 100
The above percentages reflect the total contribution to the sinking fund as a proportion of Bonds
outstanding as at the relevant contribution date.
(b) Under the provisions of the Trust Deed dated 15 July 1993 made by a subsidiary company and the
Trustee for the holders of the 5% Redeemable Unsecured Bonds 1993/1998 (“Bonds”) and 6%
Redeemable Convertible Unsecured Loan Stocks 1993/1998 (“CULS”) as disclosed in Note 10(b) and
(c) to the accounts, the subsidiary company will establish and maintain a sinking fund to secure the
repayment of the full amount of the original Bonds and CULS outstanding at maturity date on 15
September 1998.
The following amounts shall be payable to the Trustee in cash on the dates stated below:-
Contribution Dates %
16 September 1994 10
16 September 1995 25
16 September 1996 50
16 September 1997 75
16 March 1998 100
The above percentages reflect the total contribution to the sinking fund as a proportion of Bonds and
CULS outstanding as at the relevant contribution dates.
6 STOCKS
Group
1998 1997
RM’000 RM’000
Raw materials 123,165 93,236
Work-in-progress 38,007 30,286
Finished goods 527,124 375,216
Ticket stocks, stores and consumables 18,094 19,750
Completed houses 22,324 12,756
Trading account securities 66,029 141,662
794,743 672,906
Trading account securities, which principally represent investment in shares quoted in Malaysia, have a
market value of RM66,737,000 (1997: RM144,480,000) as at 30 April 1998.
As at 30 April 1998, trading account securities with a book value of RM51,553,000 (1997 :RM49,570,000) and
market value of RM33,739,000 (1997: RM39,774,000) are pledged to the financial institutions for credit
facilities granted to the subsidiary companies.