Change - S P Setia Berhad

132
Annual report 2008
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2008
44. ACQUISITION OF SHARES IN SUBSIDIARY COMPANIES (cont’d)
The net assets of the acquired new subsidiary companies included in the consolidated balance sheet at the end of the financial
year were as follows:
2008 2007
RM’000
RM’000
Non-current assets – 9
Current assets –* 19,445
Current liabilities (2) (5)
Non-current liabilities (20) (19,469)
Group’s share of net liabilities (22) (20)
* Represent RM4
The minority interest acquired and the net cash outflow arising from the acquisition of additional interest in the existing subsidiary
companies were as follows:
2008 2007
RM’000
RM’000
Minority interest acquired 133 808
Discount on acquisition (43) (260)
Net cash outflow on acquisition 90 548
45. EMPLOYEE BENEFITS EXPENSE
Group
Company
2008 2007 2008 2007
RM’000 RM’000 RM’000 RM’000
Employee benefits expense 95,616 77,945 21,479 20,547
Included in the employee benefits expense is EPF contribution amounting to RM8,966,000 (2007 : RM7,311,000) for the Group
and RM2,208,000 (2007 : RM2,016,000) for the Company.