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45<br />
N O T E S T O T H E A C C O U N T S<br />
30 APRIL 1998<br />
9 HOLDING AND RELATED COMPANIES<br />
Group Company<br />
1998 1997 1998 1997<br />
Amount owing by: RM’000 RM’000 RM’000 RM’000<br />
Immediate holding company 346,895 277,062 114,174 58,335<br />
Other related companies 1,146 380 - -<br />
348,041 277,442 114,174 58,335<br />
The immediate and ultimate holding companies are Berjaya Land Berhad and Berjaya Group Berhad<br />
(“BGB”) respectively. Both companies are incorporated in Malaysia.<br />
Related companies in these accounts refer to companies in the BGB group, other than the subsidiary<br />
companies of the Company. The amount owing to related companies is unsecured, has no fixed term<br />
of repayment and is interest bearing.<br />
10 DEPOSITS WITH FINANCIAL INSTITUTIONS<br />
These comprise fixed and term deposits with:<br />
Group Company<br />
1998 1997 1998 1997<br />
RM’000 RM’000 RM’000 RM’000<br />
Licensed banks 34,233 108,620 34,000 72,000<br />
Licensed finance companies 40,722 104,433 - -<br />
11 CASH AND BANK BALANCES<br />
74,955 213,053 34,000 72,000<br />
Included in the cash and bank balances of the Group is cash at bank held under the Housing<br />
Development Account of RM384,531 (1997: RM212,465) pursuant to Section 7A of the Housing<br />
Developers (Control and Licensing) Act 1966.<br />
12 CREDITORS<br />
Group Company<br />
1998 1997 1998 1997<br />
RM’000 RM’000 RM’000 RM’000<br />
Trade creditors 20,553 24,809- -<br />
Pool betting duty payable 14,850 13,542 - -<br />
Other creditors and accruals 120,488 113,793 602 874<br />
155,891 152,144 602 874
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