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Tenaga Nasional Berhad 250 Annual Report 2009Notes to the financial statements (Cont’d.)31 August 200917 ASSOCIATES (CONT’D.)The Group’s share of revenue, profit, assets and liabilities of associates are as follows:2009 2008RM’million RM’millionRevenue 330.0 284.2Profit after taxation 33.1 44.9Non-current assets 563.7 592.9Current assets 261.1 302.3Current liabilities (89.4) (96.2)Non-current liabilities (438.1) (476.5)Net assets 297.3 322.5Details of the associates are as follows:C country ofName of associates Group’s interest Principal activities incorporation2009 2008Teknologi Tenaga Perlis 20% 20% Ownership, operation, maintenance of electricity MalaysiaConsortium Sdn Bhdgenerating plantPerusahaan Otomobil Elektrik 20% 20% Dormant Malaysia(Malaysia) Sdn BhdGB3 Sdn Bhd 20% 20% Design, develop, construction, operation and Malaysiamaintenance of electricity generating facilityFibrecomm Network 49% 49% Provision of fibre optic transmission network Malaysia(M) Sdn BhdJimah Energy Ventures 20% 20% Generate electric power and investment holding MalaysiaHoldings Sdn BhdFTJ Biopower Sdn Bhd 24.5% 0% Generation and distribution of electricity using Malaysiapalm empty fruit bunch as its main fuelsource.
Tenaga Nasional Berhad 251 Annual Report 200917 ASSOCIATES (CONT’D.)Details of the associates are as follows:C country ofName of associates Group’s interest Principal activities incorporation2009 2008Associates of TNBProperties Sdn BhdComtract Development Sdn 0% 40% Construction contractors MalaysiaBhd (formerly known asHICOM-TNB PropertiesSdn Bhd)INDERA-TNB 40% 40% Property development and construction MalaysiaProperties Sdn BhdKM Metro-TNB 40% 40% Property development and construction MalaysiaProperties Sdn BhdTNB Properties-JB 40% 40% Property development and construction MalaysiaCitytowers Sdn BhdZEUS-TNB 0% 40% Property development and construction MalaysiaProperties Sdn BhdAssociate of TNB VenturesSdn BhdNorthern Utility Resources 20% 20% Operation of power plant, generation MalaysiaSdn Bhdand supply of electricity(Receivers and Managers appointed)Associate of IndependentPower International LtdMalaysian Shoaiba 20% 20% Investment holding MalaysiaConsortium Sdn BhdAssociate of Oasis ParadeSdn BhdSaudi-Malaysia Operation 30% 30% Investment holding Saudi Arabiaand Maintenance ServicesCompany Limited
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years of nation building
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60years ofLighting Up LivesINDUSTRI
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60years ofLighting Up LivesDIVERSIF
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years of serving Malaysians
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Lighting up LivesThis year’s cove
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Tenaga Nasional Berhad 15 Annual Re
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Tenaga Nasional Berhad 100 Annual R
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Symphony Share Registrars Sdn. Bhd.
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