2001 Annual Report - Kian Joo Can

NOTES TO THE FINANCIAL STAT E M E N T S
31 December 2001 ( c o n t ’ d )
3. PROPERTY, PLANT AND EQUIPMENT (cont’d)
Included in property, plant and equipment are assets acquired under hire purchase arrangements for the Group with
a net book value of RM46,845 (2000 : RM52,148).
The leasehold land and buildings of the Group and of the Company revalued in 1990 and 1996 on an open market
value basis are now carried at deemed cost as permitted by MASB Standard No. 15, Property, Plant and Equipment.
The tax effect in connection with the surplus arising from the revaluation of freehold land and buildings and leasehold
land and buildings is not disclosed as there is no intention to dispose off these properties in the foreseeable future.
4. INVESTMENTS IN SUBSIDIARY COMPANIES
Company
2001 2000
RM'000 RM'000
Quoted shares, at cost 19,155 19,155
Unquoted shares, at cost 65,688 62,088
84,843 81,243
Market value of quoted shares 57,044 43,441
The amounts due from/(to) subsidiary companies are unsecured, non-interest bearing and have no fixed terms
of repayment.
The details of the subsidiary companies are set out in Note 29 to the financial statements.
5. INVESTMENT IN ASSOCIATED COMPANY
Group
Company
2001 2000 2001 2000
RM'000 RM'000 RM'000 RM'000
Unquoted shares, at cost 10,000 10,000 10,000 10,000
Share of post acquisition reserves (a) 10,167 6,772 - -
(b) 20,167 16,772 10,000 10,000
(a)
Share of post-acquisition reserves
As at 1 January 6,772 6,264 - -
Share of profit after tax 3,395 2,726 - -
10,167 8,990
Less: Eliminated upon disposal of
investment - (2,218) - -
As at 31 December 10,167 6,772 - -
44 . Annual Report / 2001 KIAN JOO CAN FACTORY BERHAD (3186-P)