Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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30. DISPOSAL OF A SUBSIDIARY COMPANY (CONT’D) (i) Effect On Consolidated Income Statements (Cont’d) GROUP 2003 2002 RM RM Profit from operations brought down - 111,562 Finance costs - (90) Profit for the year - 111,472 (ii) Effect On Consolidated Financial Position The financial position of the subsidiary company as at the effective date of disposal and as at the end of the previous financial year was as follow:- GROUP 2003 2002 RM RM Cash and bank balances - 26 Trade payables - (28,751) Other payables and accruals - (526) - (29,251) Gain on disposal of subsidiary company - 34,651 Proceeds from disposal of subsidiary company - 5,400 Less: Cash and bank balances of subsidiary company disposed - (26) Cash flow on disposal, net of cash disposed of - 5,374 31. PURCHASE OF PROPERTY, PLANT AND EQUIPMENT NOTES TO THE FINANCIAL STATEMENTS (Cont’d) During the year, the Group and the Company acquired property, plant and equipment with aggregate cost of RM3,070,009/- (2002 : RM3,571,187/-) and RM636,810/- (2002 : RM15,279/-) respectively which are satisfied by the following:- GROUP COMPANY 2003 2002 2003 2002 RM RM RM RM Settlement of debt 750,000 - - - Hire purchase financing 1,307,935 345,834 414,000 - Cash payments 1,012,074 3,225,353 222,810 15,279 3,070,009 3,571,187 636,810 15,279 Amtel Holdings Berhad 2003 annual report 61
62 NOTES TO THE FINANCIAL STATEMENTS (Cont’d) 32. CASH AND CASH EQUIVALENTS Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts:- GROUP COMPANY 2003 2002 2003 2002 RM RM RM RM Cash and bank balances 2,223,201 2,120,472 62,731 162,594 Cash deposits with licensed banks and finance company 6,322,262 4,858,619 - - Bank overdrafts (873,599) (687,967) - - 7,671,864 6,291,124 62,731 162,594 Cash and cash equivalents which are not freely available for the Group’s use are cash deposits with licensed banks and finance company amounting to RM3,971,042/- (2002 : RM2,693,453/-) pledged for bank guarantee facilities and banking facilities granted to certain subsidiary companies. These deposits can only be utilised to repay the said facilities. 33. SHARE PREMIUM - NON-DISTRIBUTABLE GROUP/COMPANY 2003 2002 RM RM At beginning of the year 4,823,848 14,811,345 Less: Capitalisation as bonus issue - 9,866,667 Bonus issue expenses written off - 120,830 - (9,987,497) At end of the year 4,823,848 4,823,848 34. CAPITAL REDEMPTION RESERVE GROUP/COMPANY 2003 2002 RM RM At beginning of the year - 600,000 Less: Capitalisation as bonus issue - (600,000) At end of the year - - This is in respect of the par value of the Company’s ordinary shares previously bought back and cancelled. Amtel Holdings Berhad 2003 annual report
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2003 Annual Report Amtel Holdings B
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2 Notice of the Seventh Annual Gene
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4 Statement Accompanying Notice of
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6 Profile of Directors Amtel Holdin
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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 61: 60 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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