Change - S P Setia Berhad

106
Annual report 2008
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2008
8. INVESTMENT IN ASSOCIATED COMPANIES (cont’d)
The associated companies, all incorporated in Malaysia, are as follows:
Equity interest
Direct
Indirect
2008 2007 2008 2007 Principal activities
% % % %
* Loh & Loh Corporation Berhad (“LLCB”)** – – – 24 Investment holding and civil
construction
* Setia Putrajaya Sdn Bhd (“SPJ”) 50 50 – – Property development
and building construction
Bandar Eco-Setia Sdn Bhd (“BE-SSB”) 50 50 – – Property development and
property investment
Golden Klang Valley Sdn Bhd (“GKV”) 50 50 – – Property development
* PTB Property Developer Sdn Bhd (“PTB”) – – 49 49 Property development
Konsortium Lebuhraya Wangsa-Keramat 40 40 – – Dormant
Sdn Bhd (“KLWK”)
KLWK Sdn Bhd (“KLWKSB”) 40 40 – – Dormant
* Icfox (Malaysia) Sdn Bhd (“Icfox”)** – – 20 20 Development of internet
websites
Greenhill Resources Sdn Bhd (“GRSB”) – – 50 – Investment holding
* Not audited by Moores Rowland
** The financial year of these 2 associated companies end on 31 December. The financial year of the others end on 31
October.
For the purpose of applying the equity method of accounting, audited financial statements made up to the end of the financial
year have been used, except for Icfox where management financial statements made up to 31 October have been used.
9. INVESTMENT IN JOINTLY CONTROLLED ENTITIES
Company
2008 2007
RM’000
RM’000
Unquoted ordinary shares, at cost 4,681 4,681
Unquoted cumulative redeemable preference shares, at cost 36,050 19,950
40,731 24,631