Contents - Genting Group

GENTING BERHAD • Annual Report 2001
14. SUBSIDIARY COMPANIES
Company
2001 2000
Investment in subsidiary companies:
Quoted shares in Malaysia - at cost 569.7 569.7
Unquoted shares - at cost 1,417.7 1,417.7
1,987.4 1,987.4
Market value of quoted shares 4,168.1 3,977.7
Long term receivable from a subsidiary company (refer Note 20) 374.9 -
Current receivables/payables:
Amount due from subsidiary companies - interest bearing 166.9 748.8
- interest free 169.7 141.9
336.6 890.7
Amount due to subsidiary companies - interest free 31.8 27.8
The long term receivable from a subsidiary company represents a loan extended by the Company to Resorts World Bhd
("RWB"), a 55.2% owned subsidiary of the Company, to part-finance their investment in Star Cruises Limited, a 35.9%
owned associated company of RWB. It is unsecured and bears interest at 1% (2000: 1%) per annum above the base lending
rate of a leading local bank. The amount is to be repaid over the next three years.
The amount due from subsidiary companies, included in current receivables, is unsecured and has no fixed repayment
terms. The interest bearing balances bear interest at rates ranging from 0.25% to 1% (2000: 0.25% to 1%) per annum above
the base lending rate of a leading local bank.
The subsidiary companies are listed in Note 37.
15. ASSOCIATED COMPANIES
Group
2001 2000
Quoted - at cost:
Shares in foreign corporation, less goodwill written off 1,575.6 1,530.2
Group's share of post acquisition reserves 16.3 34.7
1,591.9 1,564.9
Unquoted - at cost:
Shares in Malaysian companies 10.1 10.2
Group's share of post acquisition reserves 428.6 333.3
438.7 343.5
Amount due from associated companies 8.4 22.9
Less: Balance included in long term receivables (6.9) -
Balance included in current assets (1.5) (4.1)
- 18.8
2,030.6 1,927.2
Represented by:
Share of net assets, other than goodwill of associated companies 2,030.6 1,908.4
Market value of quoted shares 2,089.9 3,936.1
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