Change - S P Setia Berhad
Change - S P Setia Berhad
Change - S P Setia Berhad
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105<br />
S P <strong>Setia</strong> <strong>Berhad</strong> Group<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 OCTOBER 2008<br />
8. INVESTMENT IN ASSOCIATED COMPANIES<br />
Group<br />
Company<br />
2008 2007 2008 2007<br />
RM’000 RM’000 RM’000 RM’000<br />
Ordinary shares quoted in Malaysia at cost – 56,438 – –<br />
Unquoted ordinary shares at cost 41,648 41,648 39,276 39,276<br />
Accumulated impairment loss – – (27) (27)<br />
Group’s share of post-acquisition profits less<br />
losses and less unrealised profit 64,912 46,358 – –<br />
106,560 144,444 39,249 39,249<br />
Market value of shares quoted in Malaysia – 52,678 – –<br />
The summarised financial information of the associated companies are as follows:<br />
2008 2007<br />
RM’000<br />
RM’000<br />
Assets and liabilities<br />
Total assets 759,709 1,050,820<br />
Total liabilities 495,609 637,897<br />
Results<br />
Revenue 345,271 639,625<br />
Profit for the year 21,565 55,958<br />
The Group’s share of the current year’s losses and the accumulated losses of 3 associated companies amounting to RM4,000<br />
and RM647,000 (2007 : RM1,000 and RM643,000), respectively, have not been recognised in the Group’s income statement as<br />
equity accounting has ceased when the Group’s share of losses of these associated companies exceeded the carrying amount<br />
of its investment in these associated companies.
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