Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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40. FINANCIAL INSTRUMENTS (CONT’D) (ii) Quoted Investments The fair values of quoted investments is determined by reference to stock exchange quoted market bid prices at the close of the business on the balance sheet date. (iii) Borrowings The carrying amounts of bank overdrafts, revolving credit, bill payables, short term loans and bankers’ acceptance approximate fair values due to the relatively short term maturity of these financial liabilities. The carrying amounts of long term floating rate loans approximate their fair values. The fair value of hire purchase and fixed rate term loan are estimated using discounted cash flow analysis, based on current lending rates for similar types of lending and borrowing arrangements. The carrying amounts of the Group and the Company’s financial assets and liabilities at balance sheet date approximate their fair values except as follows:- Financial Assets GROUP COMPANY Carrying Fair Carrying Fair Amount Value Amount Value RM RM RM RM Long term quoted investments 184,021 142,445 - - The long term quoted investments with carrying amount in excess of their fair values are reflected in note 5 to the financial statements. Allowance for diminution in value has already been made on these quoted investments. Financial Liabilities NOTES TO THE FINANCIAL STATEMENTS (Cont’d) GROUP COMPANY Carrying Fair Carrying Fair Amount Value Amount Value RM RM RM RM Term loans 2,622,091 *2,622,091 - - Hire purchase payables 1,335,431 1,334,796 382,446 374,574 * The carrying value approximate their fair values as the term loans were drawn down towards the end of the financial year end. Amtel Holdings Berhad 2003 annual report 71
72 NOTES TO THE FINANCIAL STATEMENTS (Cont’d) 40. FINANCIAL INSTRUMENTS (CONT’D) The nominal/notional amount and fair value of financial instruments not recognised in the balance sheets are as follows:- COMPANY Nominal/ Notional Fair Amount Value RM RM Contingent liabilities 12,380,908 * - * It is not practical to estimate the fair value of the contingent liabilities reliably due to uncertainties of timing, costs and eventual outcome. 41. COMPARATIVE FIGURES The comparative figures on financial instruments are not disclosed as permitted by MASB 24 - Financial Instruments : Disclosure and Presentation, upon first application. Certain comparative figures in the Cash Flows Statements in respect of inter-company repayments have been reclassified from operating activities to financing activities in order to be more reflective of the financing cash flows of the Group and of the Company as follows:- GROUP COMPANY As As As Previously As Previously Restated Reported Restated Reported RM RM RM RM CASH FLOW STATEMENT Cash Flows From Operating Activities Decrease in amount owing by associated company - 1,282,901 - (3,099) Cash Flows From Financing Activities Advances to associated company 1,282,901 - (3,099) - 42. GENERAL INFORMATION The Company is a public limited liability company domiciled in Malaysia, and incorporated under the Companies Act, 1965 with its shares listed on the Second Board of the Kuala Lumpur Stock Exchange. Registered Office No. 7, Jalan PJS 7/19, Bandar Sunway, 46150 Petaling Jaya, Selangor Darul Ehsan. Principal Place of Business No. 5, Jalan PJS 7/19, Bandar Sunway, 46150 Petaling Jaya, Selangor Darul Ehsan. Date of Authorisation for Issue The financial statements were authorised for issue in accordance with a Board of Directors' resolution dated 23 March, 2004. 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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16 Chairman’s Statement It gives
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Page 23 and 24: 22 Statement of Internal Control Am
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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
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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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