Hatching For The Future - teo seng capital berhad
Hatching For The Future - teo seng capital berhad
Hatching For The Future - teo seng capital berhad
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Teo Seng Capital Berhad<br />
Notes To <strong>The</strong> Financial Statements<br />
<strong>For</strong> <strong>The</strong> Financial Year Ended 31 March 2012<br />
7.<br />
INVESTMENT IN SUBSIDIARIES (cont’d)<br />
(d)<br />
On 26 April 2012, TSFM disposed of 100% equity interest in Laskar to <strong>For</strong>ever for a total cash consideration of<br />
RM 2. As such, Laskar became a wholly-owned subsidiary of <strong>For</strong>ever.<br />
8.<br />
OTHER INVESTMENTS<br />
Group<br />
2012 2011<br />
RM<br />
RM<br />
Quoted shares in Malaysia - at fair value 6,040 5,080<br />
Market value of quoted shares in Malaysia 6,040 5,080<br />
9.<br />
GOODWILL ON CONSOLIDATION<br />
Group<br />
2012 2011<br />
RM<br />
RM<br />
At 1 April - 3,084,411<br />
Goodwill arising from acquisition of subsidiaries 627,279 1,086,241<br />
627,279 4,170,652<br />
Write-off (627,279) (4,170,652)<br />
At 31 March - -<br />
10. INVENTORIES<br />
Group<br />
2012 2011<br />
RM<br />
RM<br />
At Cost<br />
Layers 15,377,944 15,932,378<br />
Pullets 5,210,632 3,925,358<br />
Fishes 19,003 -<br />
Raw materials 5,139,587 3,846,644<br />
Trading merchandise 6,149,783 4,667,091<br />
Poultry feeds 747,931 726,026<br />
Egg trays 326,053 198,069<br />
Eggs 700,972 622,567<br />
Medication 533,672 343,624<br />
Consumable supplies 419,907 230,125<br />
Work-in-progress 123,441 224,013<br />
Others - 201,665<br />
34,748,925 30,917,560<br />
Less : Allowance for slow moving inventories (28,895) (32,999)<br />
34,720,030 30,884,561<br />
Annual Report 2012<br />
None of the inventories is carried at net realisable value.<br />
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