Change - S P Setia Berhad
Change - S P Setia Berhad
Change - S P Setia Berhad
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102<br />
Annual report 2008<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 OCTOBER 2008<br />
6. PREPAID LEASE PAYMENTS<br />
Group<br />
Company<br />
2008 2007 2008 2007<br />
RM’000 RM’000 RM’000 RM’000<br />
Long leasehold land<br />
Cost<br />
At 1 November 978 978 978 978<br />
Additions/(Disposals) – – – –<br />
At 31 October 978 978 978 978<br />
Accumulated amortisation<br />
At 1 November 88 79 88 79<br />
Amortisation for the year 10 9 10 9<br />
At 31 October 98 88 98 88<br />
Net carrying amount<br />
At 31 October 880 890 880 890<br />
7. INVESTMENT IN SUBSIDIARY COMPANIES<br />
2008 2007<br />
RM’000<br />
RM’000<br />
Unquoted shares in Syarikat Kemajuan Jerai Sdn Bhd<br />
and Wawasan Indera Sdn Bhd at cost 115,186 115,186<br />
Unquoted shares in other subsidiary companies at cost 179,219 179,129<br />
Accumulated impairment loss (3,328) (3,328)<br />
291,077 290,987<br />
The subsidiary companies are as follows:<br />
Equity interest<br />
Direct Indirect Country of<br />
2008 2007 2008 2007 incorporation Principal activities<br />
% % % %<br />
Bandar <strong>Setia</strong> Alam Sdn Bhd 100 100 – – Malaysia Property development and<br />
property investment holding<br />
<strong>Setia</strong> Indah Sdn Bhd 100 100 – – Malaysia Property development and<br />
property investment holding<br />
<strong>Setia</strong> Duta One Sdn Bhd 100 100 – – Malaysia Property development<br />
* Syarikat Kemajuan Jerai Sdn Bhd 100 100 – – Malaysia Property development and<br />
investment holding<br />
* S P <strong>Setia</strong> Project Management – – 100 100 Malaysia Property development project<br />
Sdn Bhd<br />
management
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