ANNUAL REPORT 2008 - KNM Steel Sdn Bhd
ANNUAL REPORT 2008 - KNM Steel Sdn Bhd
ANNUAL REPORT 2008 - KNM Steel Sdn Bhd
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NOTES TO THE<br />
FINANCIAL STATEMENTS (CONT’D)<br />
6. Investments in subsidiaries<br />
Company<br />
<strong>2008</strong> 2007<br />
RM’000 RM’000<br />
Unquoted shares - at cost 36,686 36,686<br />
Details of the subsidiaries are shown in Note 31 to the financial statements.<br />
7. Investments in associates<br />
Group<br />
<strong>2008</strong> 2007<br />
RM’000 RM’000<br />
Unquoted shares - at cost 138 138<br />
Less: Impairment loss (138) (138)<br />
– –<br />
Acquisitions through business combination (Note 32) 1,969 –<br />
Additions 291 –<br />
Effects of movement in exchange rates (48) –<br />
2,212 –<br />
Details of the associates are as follows:<br />
Effective<br />
ownership<br />
Country of<br />
interest<br />
Name of Company incorporation Principal Activities <strong>2008</strong> 2007<br />
PolyAn Gesellschaft Germany Development, modification 20.25% –<br />
zur Herstellung von<br />
and production of polymers<br />
Polymeren fiir spezielle<br />
for special applications and<br />
Anwen dungen und<br />
services in the field of<br />
Analytic mbH<br />
polymer analytics.<br />
<strong>KNM</strong>-DP Fabricators Malaysia Fabrication and maintenance 28% 28%<br />
<strong>Sdn</strong>. <strong>Bhd</strong>.<br />
of process equipment, storage<br />
tanks, modular assemblies<br />
and steel structural components<br />
for oil, gas and petrochemical<br />
industries.<br />
Subsidiary of <strong>KNM</strong>-DP<br />
Fabricators <strong>Sdn</strong>. <strong>Bhd</strong>.<br />
<strong>KNM</strong>-DP Harta Bina Malaysia Dormant 65% 65%<br />
<strong>Sdn</strong>. <strong>Bhd</strong>.<br />
<strong>KNM</strong> GROUP BERHAD<br />
78<br />
<strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2008</strong>
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