Change - S P Setia Berhad

107
S P Setia Berhad Group
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2008
9. INVESTMENT IN JOINTLY CONTROLLED ENTITIES (cont’d)
The jointly controlled entities are as follows:
Proportion of ownership
interest
Direct Indirect Country of
2008 2007 2008 2007 incorporation Principal activities
% % % %
Exceljade Sdn Bhd 70 70 – – Malaysia Property development
Sendiman Sdn Bhd 70 70 – – Malaysia Property development
Kemboja Mahir Sdn Bhd 70 70 – – Malaysia Property development
Ganda Anggun Sdn Bhd – – 70 70 Malaysia Property development
Kesas Kenangan Sdn Bhd – – 70 – Malaysia Property development and
property investment
* Setia Becamex Joint Stock – – 55 – Vietnam Property development
Company**
* Not audited by Moores Rowland
** The financial year of the jointly controlled entity ends on 31 December. The financial year of the others end on 31 October.
The Group’s aggregate share of the jointly controlled entities’ non-current assets, current assets, non-current liabilities and current
liabilities as at 31 October 2008 and revenue and loss for the year ended 31 October 2008, which are included in the consolidated
financial statements are as follows:
Assets and liabilities
2008 2007
RM’000
RM’000
Non-current assets 239,466 124
Current assets 177,188 141,267
Total assets 416,654 141,391
Non-current liabilities 237,043 103,670
Current liabilities 128,638 35,762
Total liabilities 365,681 139,432
Results
Revenue 5,117 –
Loss for the year/period (9,127) (1,139)
The jointly controlled entities have no material contingencies and capital commitments at year end.
The Group’s shares of operating lease commitments of the jointly controlled entities are disclosed in note 48 to the financial
statements.