Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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NOTES TO THE FINANCIAL STATEMENTS (Cont’d)
2. PROPERTY, PLANT AND EQUIPMENT (CONT’D)
(b) The property, plant and equipment under hire purchase instalment plans are as follows:-
COST
Amtel Holdings Berhad 2003 annual report
GROUP COMPANY
2003 2002 2003 2002
RM RM RM RM
Plant and machinery 988,000 - - -
Motor vehicles 1,922,734 1,455,629 525,171 96,532
NET BOOK VALUE
2,910,734 1,455,629 525,171 96,532
Plant and machinery 887,133 - - -
Motor vehicles 1,218,257 942,591 472,795 46,657
3. INVESTMENT IN SUBSIDIARY COMPANIES
2,105,390 942,591 472,795 46,657
COMPANY
2003 2002
RM RM
Unquoted shares, at cost 29,683,293 30,995,746
The cost of unquoted shares are stated after pre-acquisition dividend of RM1,312,453/- (2002 : RM42,247/-).
The details of the subsidiary companies are as follows:-
Country of Effective
Name of Company Incorporation Equity Interest Principal Activities
2003 2002
Held by the Company
Amtel Group Sdn. Bhd. Malaysia 100% 100% Investment holding and provision of
management services to its subsidiary
companies.
* Amtel Resources Malaysia 100% 100% Contractors for installation, jointing and
Sdn. Bhd. testing of utilities, telecommunications
and fibre optic cables and associated civil
works.
* Amtel Networks Malaysia 100% 100% Contractors for installation, jointing and
Sdn. Bhd. testing of utilities, telecommunications and
fibre optic cables and associated civil works.
Topweb Sdn. Bhd. Malaysia 50.25% 50.25% General trading and distribution of
telecommunication products.
Amtel Industries Malaysia 100% 100% Investment holding and providing for
Sdn. Bhd. general assembly services of mechanical,
plastic components and plastic injection
moulding business.
Metrarama Sdn. Bhd. Malaysia 100% 100% Property investment.