Contents - Tung Lok Restaurants 2000 Ltd

7 INVENTORIESGroupCompany2002 2001 2002 2001$ $ $ $Food, beverages and others, at cost 1,280,538 856,529 - -8 SUBSIDIARIESCompany2002 2001$ $Unquoted equity shares, at cost 2,371,714 1,796,714Impairment loss (575,000) -Net 1,796,714 1,796,714Movement in impairment loss:Charge during the year and balance at end of year 575,000 -Impairment loss is provided on the investment from which the estimated return is lower than its carrying amount.The subsidiaries are:Place ofEffective equityincorporation/ Principal interest heldName of subsidiary operation activities Cost by the Group2002 2001 2002 2001$ $ % %Tung Lok MillenniumPte Ltd Singapore Restauranteur 1,368,222 1,368,222 100 100Club Asiana Pte Ltd* Singapore Restauranteur 575,000 - 100 -Tung Lok Arena PteLtd Singapore Restauranteur 210,000 210,000 70 70Lao Beijing DiningHall Pte Ltd Singapore Restauranteur 191,100 191,100 60 60Club Chinois Pte Ltd Singapore Restauranteur 27,392 27,392 75 75Total 2,371,714 1,796,714* Club Asiana Pte Ltd was a joint venture company of the group in 2001. It became a wholly owned subsidiary ofthe group during the financial year when the company acquired the remaining shares from the other joint ventureparty.The subsidiaries are audited by Deloitte & Touche, Singapore. 51