Contents - Genting Group

GENTING BERHAD • Annual Report 2001
15. ASSOCIATED COMPANIES (Cont'd)
The amount due from associated companies represents outstanding amounts arising from inter-company sales and purchases,
advances and payments made on behalf of associated companies. The amounts due are unsecured and those amounts
included under long term receivables are not repayable within the next twelve months. The interest bearing and interest free
balances due are as follows:
Group
2001 2000
- Interest free 8.4 7.6
- Outstanding amount bearing interest at rates ranging from 8.0%
to 8.8% per annum in year 2000 - 15.3
The associated companies are listed in Note 37.
8.4 22.9
16. OTHER LONG TERM INVESTMENTS
Group
2001 2000
Quoted shares in foreign corporations, at cost 8.3 151.7
Less: Amounts written down to-date (8.0) (44.6)
0.3 107.1
Unquoted shares in Malaysian companies, at cost 3.6 3.6
Other unquoted investment outside Malaysia, at cost 3.0 3.3
6.9 114.0
Market value of quoted shares 0.5 68.9
17. DEFERRED TAXATION
Group Company
2001 2000 2001 2000
Comprise the tax effects of:
Excess of capital allowances over depreciation (55.9) (52.0) (0.5) (0.5)
Timing differences arising from provisions 40.6 36.8 17.7 18.2
Subject to agreement by the Inland Revenue
Board, the Group has potential tax benefits, of
which the tax effects not taken up in the financial
statements are as follows:
(15.3) (15.2) 17.2 17.7
Unutilised tax losses 24.5 24.3 - -
Unutilised capital allowances 131.9 65.4 - -
156.4 89.7 - -
The tax effects relating to the increase in the carrying values of certain revalued assets are not disclosed as there is no
intention to dispose of these assets in the foreseeable future.
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