Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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5. OTHER INVESTMENTS (CONT’D) GROUP COMPANY 2003 2002 2003 2002 RM RM RM RM Balance brought down 327,952 1,028,282 61,000 267,140 Less: Allowance for diminution in value of quoted shares (82,931) (83,429) - - 245,021 944,853 61,000 267,140 Market value of quoted shares and unit trusts 142,445 896,963 - 206,140 6. LONG TERM RECEIVABLE GROUP 2003 2002 RM RM This represents amount owing by AmTech International Pty. Ltd. ("AIPL"), a former subsidiary company 889,059 1,554,059 Amount receivable within 1 year (note 12) (889,059) (1,041,059) Amount receivable after 1 year but not later than 5 years - 513,000 The amount is non-trade in nature, interest free, receivable in 11 quarterly instalments commencing on 1 December, 2001 and is secured over a first fixed and floating charges over the property, plant and equipment of AIPL. 7. GOODWILL ON CONSOLIDATION GROUP 2003 2002 RM RM At beginning of the year 5,416 27,082 Addition - 49 Less : Amortisation during the year (5,416) (21,715) At end of the year - 5,416 8. DEFERRED TAX ASSETS NOTES TO THE FINANCIAL STATEMENTS (Cont’d) GROUP 2003 2002 RM RM At beginning of the year 1,010,000 1,188,000 Transfer to income statements (note 27) (70,000) (178,000) At end of the year 940,000 1,010,000 The deferred tax assets recognised in the financial statements are in respect of unutilised tax losses of a subsidiary company, Amtel Cellular Sdn. Bhd., which can be utilised to set-off against probable future taxable income based on profit forecast for the next three financial years of the said subsidiary company. Amtel Holdings Berhad 2003 annual report 47
48 NOTES TO THE FINANCIAL STATEMENTS (Cont’d) 9. INVENTORIES At Cost:- Amtel Holdings Berhad 2003 annual report GROUP 2003 2002 RM RM Finished goods 3,784,886 5,757,387 Raw materials and consumables 725,536 295,138 Work-in-progress 295,453 - 4,805,875 6,052,525 Allowance for slow moving and obsolete inventories of finished goods (71,373) (95,431) Inventories written down (36,770) - 4,697,732 5,957,094 The inventories of finished goods stated at net realisable value amounted to RM2,657/- (2002 : Nil). 10. SHORT TERM INVESTMENTS GROUP 2003 2002 RM RM Shares quoted in Malaysia, at cost 923,378 - Less: Allowance for diminution in value (42,212) - 881,166 - Market value of quoted shares 889,825 - These quoted investments are pledged against a margin account held by a subsidiary company, Amtel Group Sdn. Bhd., with a security company. 11. TRADE RECEIVABLES GROUP 2003 2002 RM RM Amount outstanding 18,539,359 16,704,591 Less: Allowance for doubtful debts (506,055) (798,305) 18,033,304 15,906,286 Included in trade receivables of the Group is an amount of retention sum of RM523,529/- (2002 : RM438,639/-) in respect of telecommunication infrastructure contracts. The Group’s normal trade credit term is 90 days or less. The currency exposure profile is disclosed in note 40 to the financial statements.
Page 1 and 2: 2003 Annual Report Amtel Holdings B
Page 3 and 4: 2 Notice of the Seventh Annual Gene
Page 5 and 6: 4 Statement Accompanying Notice of
Page 7 and 8: 6 Profile of Directors Amtel Holdin
Page 9 and 10: 8 Amtel Holdings Berhad 2003 annual
Page 11 and 12: 10 Amtel Holdings Berhad 2003 annua
Page 17 and 18: 16 Chairman’s Statement It gives
Page 23 and 24: 22 Statement of Internal Control Am
Page 27 and 28: 26 DIRECTORS’ REPORT The Director
Page 29 and 30: 28 DIRECTORS OF THE COMPANY (CONT
Page 31 and 32: 30 REPORT OF THE AUDITORS to the me
Page 33 and 34: 32 BALANCE SHEETS (Cont’d) GROUP
Page 35 and 36: 34 STATEMENTS OF CHANGES IN EQUITY
Page 37 and 38: 36 CASH FLOW STATEMENTS (Cont’d)
Page 39 and 40: 38 NOTES TO THE FINANCIAL STATEMENT
Page 47: 46 NOTES TO THE FINANCIAL STATEMENT
Page 75 and 76: 74 LIST OF PROPERTIES (Cont’d) Ap
Page 77 and 78: 76 LIST OF PROPERTIES (Cont’d) Ap
Page 79 and 80: 78 ANALYSIS OF SHAREHOLDINGS as at
Page 81 and 82: 80 ANALYSIS OF SHAREHOLDINGS (Cont
Page 83 and 84: Then fold here First fold here Amte

Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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