Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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21. RESERVES (CONT’D) NOTES TO THE FINANCIAL STATEMENTS (Cont’d) GROUP COMPANY 2003 2002 2003 2002 RM RM RM RM Balance brought down 4,892,370 4,953,752 4,823,848 4,823,848 Distributable (Accumulated Losses)/Retained Profits At beginning of the year (7,881,950) (10,904,240) 171,361 433,686 Prior year adjustment (note 29) - 1,216,170 - - Profit/(Loss) for the year 109,887 1,806,120 (1,125,144) (262,325) At end of the year (7,772,063) (7,881,950) (953,783) 171,361 (2,879,693) (2,928,198) 3,870,065 4,995,209 22. TERM LOANS GROUP 2003 2002 RM RM SECURED Term Loan I Repayable in equal monthly instalments over a period of 5 years commencing January 2004 and bears interest at 8.5% per annum 923,066 - Term Loan II Repayable in equal monthly instalments over a period of 5 years commencing January 2004 and bears interest at 6.5% per annum 404,390 - Term Loan III Repayable in equal monthly instalments over a period of 3 years commencing April 2003 and bears interest at 5% per annum 397,287 - Term Loan IV Repayable in equal monthly instalments over a period of 3 years commencing April 2003 and bears interest at 5% per annum 397,348 - 2,122,091 - UNSECURED Term Loan V Repayable in equal monthly instalments over a period of 3 years commencing December 2003 and bears interest at 5% per annum 500,000 - 2,622,091 - Repayment due within twelve months (note 18) (770,629) - Repayment due after twelve months 1,851,462 - The term loans facilities are secured and supported as disclosed in note 18 to the financial statements. The maturity profile and effective interest rates are disclosed in note 40(a)(ii) to the financial statements. Amtel Holdings Berhad 2003 annual report 53
54 NOTES TO THE FINANCIAL STATEMENTS (Cont’d) 23. DEFERRED TAX LIABILITIES GROUP 2003 2002 RM RM At beginning of the year 134,759 156,410 Transfer to Income statements (note 27) (52,214) (21,651) At end of the year 82,545 134,759 This is in respect of estimated tax liabilities arising from temporary differences as follow:- GROUP 2003 2002 RM RM Capital allowances claimed on property, plant and equipment in excess of their depreciation charge 82,545 129,259 Other temporary difference - 5,500 82,545 134,759 The estimated net deferred tax assets arising from temporary differences not recognised in the financial statements are as follows:- GROUP COMPANY 2003 2002 2003 2002 RM RM RM RM Depreciation charge for property, plant and equipment in excess of their capital allowances (7,400) (43,300) - - Unutilised tax losses (7,344,000) (6,831,000) (254,800) (32,400) Unabsorbed capital allowances (746,900) (986,000) (268,800) (249,800) Other temporary differences (112,700) (183,700) - - (8,211,000) (8,044,000) (523,600) (282,200) Less: Capital allowances claimed on property, plant and equipment in excess of their depreciation charge 203,900 112,100 8,000 2,200 Net deferred tax assets (8,007,100) (7,931,900) (515,600) (280,000) The estimated unutilised tax losses and unabsorbed capital allowances are subject to agreement by the Inland Revenue Board and are not available for set-off within the Group. Amtel Holdings Berhad 2003 annual report
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 53: 52 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
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Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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