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KNM GROUP BERHAD I Annual Report 201277Notes to the Financial Statements (cont’d)6. Investments in associatesGroup31.12.2012 31.12.2011 1.1.2011RM’000 RM’000 RM’000Unquoted shares - at cost 236 239 1,190Less: Impairment loss – – (697)Effect of movement in exchange rates (2) 5 (296)234 244 197Share of post-acquisition reserve (193) (199) 25841 45 455Details of the associates are as follows:EffectiveOwnershipCountry ofInterestName of Company Incorporation Principal Activities 31.12.2012 31.12.2011 1.1.2011% % %KNM-DP Fabricators Malaysia Dormant. – – 28Sdn. Bhd.Kimma Thai Co. Ltd. Thailand Investment holding. 49 49 49Dimensi Bumijaya Malaysia Dormant. 40 40 –Sdn. Bhd.Energy Park Investment United Investment holding. – 49 –LimitedKingdomSubsidiary of KNM-DPFabricators Sdn. Bhd.KNM-DP Harta Bina Malaysia Dormant. – – 65Sdn. Bhd.Subsidiary of KimmaThai Co. Ltd.KNM Projects Thailand Operate the business 74 74 74(Thailand) Co. Ltd.of providing the servicesrelating to the arrangementof design, engineering,procurement, constructiontesting and other kinds ofservices relating to oil,gas, petrochemical, minerals,biofuel and energy industries.Subsidiary ofEnergy ParkInvestment LimitedEnergy Park United Dormant. – 49 –-Peterborough Limited Kingdom
78KNM GROUP BERHAD I Annual Report 2012Notes to the Financial Statements (cont’d)6. Investments in associates (Cont’d)During the financial year, the equity interest of the Group in Energy Park Investment Limited and Energy ParkPeterborough Limited have increased from 49% to 80% and the Group has obtained control over the entity.Hence these entities have been classified as subsidiaries.The summarised financial information on associates is as follows:Group (Loss) / Total TotalRevenues Profit assets liabilities(100%) (100%) (100%) (100%)31 December 2012 RM’000 RM’000 RM’000 RM’000Kimma Thai Co. Ltd.** – (7) 212 223KNM Project (Thailand) Co. Ltd.** 17,129 (9,742) 8,685 20,869Dimensi Bumijaya Sdn. Bhd. – (2) 97 417,129 (9,751) 8,994 21,09631 December 2011Kimma Thai Co. Ltd. ** 6 (3) 220 223KNM Project (Thailand) Co. Ltd. ** 15,636 (1,316) 7,750 8,236Dimensi Bumijaya Sdn. Bhd. – (5) 100 5Energy Park Investment Limited^ – – 5 –Energy Park Peterborough Limited^ – – – –15,642 (1,324) 8,075 8,4641 January 2011KNM-DP Fabricators Sdn. Bhd. ^ – (7) 99 3,407KNM-DP Harta Bina Sdn. Bhd. ^ – (2) 13 5Kimma Thai Co. Ltd. ** – (14) 224 230KNM Project (Thailand) Co. Ltd. ** 5,360 541 2,266 1,3295,360 518 2,602 4,971** Audited by another firm of accountants.^ Equity accounted based on management accounts.7. Investments in jointly-controlled entitiesGroupCompany31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Unquoted shares - at cost 8,224 6,124 837 40 40 –Share of postacquisition reserve (752) (363) (497) – – –Effect of movements inexchange rates (78) 121 (24) – – –7,394 5,882 316 40 40 –
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