Directors - Boustead Holdings Berhad
Directors - Boustead Holdings Berhad
Directors - Boustead Holdings Berhad
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17. SUBSIDIARIES<br />
Company<br />
2006 2005<br />
RM’000 RM’000<br />
Shares quoted in Malaysia, at cost 278,387 265,475<br />
Unquoted shares, at cost less amounts written off 605,712 610,153<br />
884,099 875,628<br />
Market value of quoted shares 499,485 434,742<br />
The effects on the financial position of the Group as at the end of the year arising from the disposal of<br />
Subsidiaries are as follows:<br />
Group<br />
2006 2005<br />
RM’000 RM’000<br />
Net assets disposed:<br />
Property, plant and equipment 1,893 ––<br />
Trade receivables 72 ––<br />
Cash and bank balances 82 —<br />
Other payables (231) ––<br />
Taxation (4) ––<br />
Amount due to holding company (1,339) ––<br />
Transfer from exchange fluctuation reserve (Note 27) (293) ––<br />
Gain on disposal 1,896 ––<br />
Sale consideration 2,076 ––<br />
Cash and bank balances disposed (82) ––<br />
Net cash proceeds from disposal 1,994 ––<br />
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