Content2011 - PETRONAS Gas Berhad

Notes to the Financial Statements
31 MarCh 2011
6. Investment in Associate
163 annUaL report 2011
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Investment at cost
– unquoted shares 103,336 103,336 103,336 103,336
Share of post-acquisition profi ts and reserves 71,751 70,700 – –
175,087 174,036 103,336 103,336
Details of the associate are as follows:
Principal Country of Accounting Effective percentage
Name of company activities incorporation period ended holding
2011 2010
% %
Gas Malaysia Sdn. Bhd. Selling, marketing,
distribution and
promotion of natural gas
Malaysia 31 December 20 20
Summary of fi nancial information on associate as per the fi nancial statements for accounting period ended 31 December is as follows:
Total Total
Revenue Profi t assets liabilities
(100%) (100%) (100%) (100%)
Gas Malaysia Sdn. Bhd. RM’000 RM’000 RM’000 RM’000
2010 1,807,475 298,278 1,616,026 448,476
2009 1,753,146 243,146 1,432,667 390,151
7. Investment in Jointly Controlled Entity
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Investment at cost
– unquoted shares 250 250 250 250
Share of post-acquisition profi ts and reserves 2,356 4,231 – –
2,606 4,481 250 250
Details of the jointly controlled entity are as follows:
Principal Country of Accounting Effective percentage
Name of company activities incorporation period ended holding
2011 2010
% %
Industrial Gases Solutions Selling, marketing, Malaysia 31 December 50 50
Sdn. Bhd. distribution and
promotion of industrial gas