KOTRA INDUSTRIES BERHAD - Kotra Pharma
KOTRA INDUSTRIES BERHAD - Kotra Pharma
KOTRA INDUSTRIES BERHAD - Kotra Pharma
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<strong>KOTRA</strong> <strong>INDUSTRIES</strong> <strong>BERHAD</strong><br />
(Incorporated in Malaysia)<br />
Company No. : 497632 – P<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2007<br />
6. SIGNIFICANT ACCOUNTING POLICIES (CONT’D)<br />
(w)<br />
Revenue Recognition<br />
(i)<br />
Sales of Goods<br />
Sales are recognised upon the transfer of risks and rewards of ownership<br />
of goods and net of returns and trade discounts.<br />
(ii)<br />
Interest Income<br />
Interest income is recognised on an accrual basis.<br />
(iii)<br />
Management Fee<br />
Management fee is recognised on an accrual basis.<br />
(iv)<br />
Rental Income<br />
Rental income is recognised on an accrual basis.<br />
7. INVESTMENT IN A SUBSIDIARY<br />
THE COMPANY<br />
2007 2006<br />
RM’000 RM’000<br />
Unquoted shares, at valuation 60,504 50,079<br />
Details of the subsidiary are as follows:<br />
Name of Subsidiary<br />
Country of<br />
Incorporation<br />
Principal Activity<br />
Proportion of Ownership<br />
Interest<br />
2007 2006<br />
% %<br />
<strong>Kotra</strong> <strong>Pharma</strong> (M) Sdn.<br />
Bhd. *<br />
Malaysia Developing, manufacturing 100 100<br />
and trading of pharmaceutical<br />
and healthcare products.<br />
* Audited by Horwath<br />
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