Annual Report 2012 - IOI Group

37. LIQUIDATION AND DISPOSALS OF SUBSIDIARIES37.1 Liquidation of subsidiaries2012During the current financial year, (loss)/gain on liquidation of subsidiary is arising from the following subsidiary:NoteBalance liquidationproceeds received(Loss)/Gain on liquidationGroup and CompanyRM’000GroupRM’000CompanyRM’000Tampoi Development Sdn Bhd 37.1.1 4 (112) 437.1.1 Tampoi Development Sdn Bhd (“Tampoi Development”)During the current financial year, loss on liquidation of Tampoi Development was summarised as follows:RM’000Net proceeds from liquidation 4Group share of net assets liquidated (116)Loss on liquidation of a subsidiary (112)2011During the previous financial year, loss on liquidation of subsidiaries was arising from the following subsidiaries:NoteBalance liquidationproceeds receivedLoss on liquidationGroup and CompanyRM’000GroupRM’000CompanyRM’000IOI Pelita Quarry Sdn Bhd 37.1.2 1,097 (6) (450)Loders Croklaan For Trading andDistribution LLC 37.1.3 – (415) –1,097 (421) (450)37.1.2 IOI Pelita Quarry Sdn Bhd (“IOI Pelita Quarry”)During the previous financial year, loss on liquidation of IOI Pelita Quarry was summarised as follows:RM’000Net current assets 1,576Net assets liquidated 1,576Less: Non-controlling interests (473)Group share of net assets liquidated 1,103Less: Net proceeds from liquidation (1,097)Loss on liquidation of a subsidiary (6)Annual Report 2012IOI CORPORATION BERHAD 207