Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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35. RESERVE ON CONSOLIDATION GROUP 2003 2002 RM RM At beginning of the year 129,904 84,249 Additions: Acquisition of additional shares in subsidiary companies - 91,477 Less: Amortisation during the year (61,382) (45,822) At end of the year 68,522 129,904 36. CONTINGENT LIABILITIES - UNSECURED COMPANY 2003 2002 RM RM In respect of corporate guarantees given by the Company to financial institutions and creditors for banking and credit facilities granted to the subsidiary companies 12,380,908 11,855,070 37. SIGNIFICANT RELATED PARTY TRANSACTIONS (a) The significant transactions with related companies are as follows:- NOTES TO THE FINANCIAL STATEMENTS (Cont’d) COMPANY 2003 2002 RM RM Management fees charged to subsidiary companies Amtel Communications Sdn. Bhd. (72,000) (72,000) Amtel Resources Sdn. Bhd. (12,000) (12,000) Viva-World Industries Sdn. Bhd. (60,000) (60,000) (144,000) (144,000) Gross dividend received from subsidiary company Amtel Networks Sdn. Bhd. (1,400,000) (400,000) Rental of motor vehicle receivable from a subsidiary company Amtel Communications Sdn. Bhd. (26,000) - Purchase of property, plant and equipment from a subsidiary company Amtel Group Sdn. Bhd. 93,000 - Waiver of debts owing by subsidiary company Amscope Corporation Sdn. Bhd. - 13,189 Acquisition of Metrarama Sdn. Bhd. from a subsidiary company, Amtel Group Sdn. Bhd. - 2 Allotment of 14,999,998 new ordinary shares of RM1/- each by Metrarama Sdn. Bhd. to the Company satisfied by capitalisation of debt owing by Metrarama Sdn. Bhd. - 14,999,998 Amtel Holdings Berhad 2003 annual report 63
64 NOTES TO THE FINANCIAL STATEMENTS (Cont’d) 37. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D) (b) The significant transactions of the Group with associated company, Permata Makmur Sdn. Bhd., are as follows:- GROUP 2003 2002 RM RM Interest charged by subsidiary company, Ideal Move Capital Sdn. Bhd. Repayment of loan to subsidiary company, (28,300) (234,153) Ideal Move Capital Sdn. Bhd. (1,279,210) (1,500,000) The Directors are of the opinion that the above transactions have been entered into in the normal course of business and have been established under terms mutually agreed upon between the parties involved. (c) The amounts received for the financial year ended 30 November, 2002 from certain directors and substantial shareholders of the Company, namely Dato' Abdul Hamid bin Hj. Md. Zainuddin, Koid Hun Kian, Ng Ah Chong and Simfoni Kilat Sdn. Bhd., as guarantors in respect of compensation pursuant to the profit guarantee were as follows:- COMPANY 2003 2002 RM RM At beginning of the year - 667,407 Received during the year - (667,407) At end of the year - - 38. SEGMENTAL ANALYSIS - GROUP Segment information is presented in respect of the Group’s businesses. As the Group’s businesses are solely operated in Malaysia, geographical segment analysis is not presented. Segment results, assets and liabilities include items directly attributable to segment as well as those that can be allocated on a reasonable basis. Unallocated items mainly comprise interest-earning assets and revenue, interestbearing loans and expenses and tax assets, liabilities and expense. Segment capital expenditure is the total cost incurred during the year to acquire segment assets that are expected to be used for more than one year. Business Segments The Group comprises the following main business segments:- Investment holding Investment holding and provision of management services. Infrastructure Contractors for installation, jointing and testing of utilities, telecommunications and fibre optic cables and associated civil works. Manufacturing and services Manufacturing of agricultural testing products, general assembly services of mechanical and plastic components and plastic injection moulding and money lending activities. Trading Import, trading and distribution of telecommunication products and accessories, the design, implementation and management of telecommunications projects. Housing development Housing development. 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
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10 Amtel Holdings Berhad 2003 annua
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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
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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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