Quality - UAC Berhad

Notes to The Financial StatementsFor The Financial Year Ended 31 December 200527 SIGNIFICANT RELATED PARTY DISCLOSURES (continued)bIndividually significant outstanding balance arising from sales of goods during the financial year is as follows:2005 2004Related party Type of transaction RM'000 RM'000Boustead Building Materials Sdn. Bhd. Sales of goods 8,548 6,39928 CONTINGENT LIABILITIES (UNSECURED)Company2005 2004RM'000 RM'000Guarantee given to a third party for the supply of goods to a subsidiary company 2,000 2,000It is not practicable to estimate the fair value of the contingent liabilities as the maturity term cannot be determined.29 FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES ON THE BALANCE SHEET DATEThe carrying amounts of recognised financial assets and liabilities of the Group and Company as at 31 December 2005and 31 December 2004 approximated their fair values except for investments in quoted shares and contingentliabilities as disclosed in Note 14 and Note 28 to the financial statements respectively.30 OFF BALANCE SHEET FINANCIAL INSTRUMENTSAt 31 December 2005 and 31 December 2004, the Group does not have any open foreign currency forward contract.31 APPROVAL OF FINANCIAL STATEMENTSThe financial statements have been approved for issue in accordance with a resolution of the Board of Directors on15 February 2006.80 UAC BERHAD (5149-H) (Incorporated in Malaysia)