Quality - UAC Berhad
Quality - UAC Berhad
Quality - UAC Berhad
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Notes to The Financial StatementsFor The Financial Year Ended 31 December 200513 INVESTMENTS IN SUBSIDIARY COMPANIES (continued)The subsidiary companies are:Equity interestCountry of 2005 2004Name of company incorporation % % Principal activitiesS.B. Industries (Sdn.) Bhd. Malaysia 100.0 100.0 Property holding.Fitek (M) Sdn. Bhd. Malaysia 100.0 100.0 Dormant.<strong>UAC</strong> Marketing Sendirian <strong>Berhad</strong> Malaysia 100.0 100.0 Dormant.<strong>UAC</strong> Pipes Sdn. Bhd. Malaysia 100.0 100.0 Manufacture and sale ofpolyethylene pipes and fittings.<strong>UAC</strong> Masterflange Sdn. Bhd. Malaysia 100.0 82.8 Sale of specialised pipe(formerly known asconnectors and fittings and<strong>UAC</strong> Reflange Sdn. Bhd.)the provision of onsiteinstallation and related services.Ceased operations during thefinancial year.<strong>UAC</strong> Steel Systems Sdn. Bhd. Malaysia 100.0 100.0 Manufacture, sale andinstallation of steel rooftruss systems.On 22 December 2005, the Company acquired the remaining 17.2% shareholding in <strong>UAC</strong> Masterflange Sdn. Bhd.(formerly known as <strong>UAC</strong> Reflange Sdn. Bhd.) from the subsidiary's minority shareholders at a total purchaseconsideration of RM2.14 INVESTMENTS IN QUOTED SHARESGroup & Company2005 2004RM'000 RM'000Shares at cost in corporations quoted in Malaysia 17,105 9,575Allowance for diminution in value (366) 016,739 9,575Market value of quoted shares at 31 December 17,817 11,228<strong>UAC</strong> BERHAD (5149-H) (Incorporated in Malaysia) 69
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