Pg 147 - Berjaya Corporation Berhad

Berjaya Land Berhad (201765-A)
Annual Report 2005
105
41 SUBSIDIARY AND ASSOCIATED COMPANIES (CONT’D)
Country of Principal Equity Interest
Name of Company Incorporation Activities Held
2005 2004
Associated Companies % %
@Matrix International Berhad Malaysia Investment holding 12.89 -
* Navodaya Mass India Developer and operator 37.12 37.12
Entertainments Ltd
of theme park
* Palzon Sdn Bhd Malaysia Dormant 30 30
* Portsworth Holdings Pte Ltd Singapore Investment holding 50 50
* Resort Cruises (S) Pte Ltd Singapore Dormant 49 49
* Staffield Marketing Malaysia Dormant 50 50
Services Sdn Bhd
Tioman Ferry Services Sdn Bhd Malaysia Dormant 50 50
* Tioman Island Resort Singapore Ferry services 30 30
Ferries (S) Pte Ltd
* Brickfields Properties Pty Ltd Australia Property development 39.2 39.2
(formerly known as World Square
Pty Ltd)
@Megaquest Sdn Bhd Malaysia Investment holding - 50
# Audited by member firms of Ernst & Young Global.
* Not audited by Ernst & Young or a member firm of Ernst & Young Global.
^ These companies were transferred to Berjaya Vacation Club Berhad by the Company as part of an internal rationalisation exercise
and has no effect on the Group’s results.
@ The Group’s interest in Matrix International Berhad (“Matrix”) diluted from 51.99% to 12.89% following the issuances of new Matrix
shares by Matrix to acquire Berjaya Times Square Sdn Bhd and the settlement of liquidated ascertained damages to property
purchasers as explained in Notes 39(5) and 39(6) to the financial statements.
42 COMPARATIVES
Certain comparative figures have been reclassified to conform with current year’s presentation:
Group
As previously Reclassireported
fication As restated
RM’000 RM’000 RM’000
Land held for development 198,283 125,480 323,763
Property development costs 450,777 (122,476) 328,301
Receivables 574,665 24 574,689
Tax recoverable 43,696 (22,949) 20,747
Payables 317,852 (3,028) 320,880
Deferred tax liabilities 167,197 22,949 144,248