Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

130
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
21. Investments in jointly controlled entities
Cahya Mata Sarawak Berhad
Group
2011 2010
RM’000 RM’000
Unquoted shares, at cost 2,200 2,455
Share of post-acquisition reserves 1,428 180
3,628 2,635
Details of the jointly controlled entities incorporated in Malaysia are as follows:
Proportion of
Name of jointly ownership interest
controlled entities Principal activities 2011 2010
% %
PPES Works (Sarawak) Sdn. Bhd./ Construction of buildings 55 55
Naim Cendera Sdn. Bhd. JV
PPES Works (Sarawak) Sdn. Bhd./ Green waste management - 51
Advance Praise Sdn. Bhd. JV* and composting
Arus Widuri Sdn. Bhd./ Provision of site clearing and 84 84
PPES Works (Sarawak) earthworks, road works and
Sdn. Bhd. JV pavement, drainage, bridge works,
electrical and telephone works and
environmental protection
PPES Works Wibawa JV Connection of water supply and 50 -
all submarine related works
* Dissolved during the year.
The Group’s aggregate share of the current assets, non-current assets, current liabilities, income and
expenses related to the Group’s interests in the jointly controlled entities are as follows:
Group
2011 2010
RM’000 RM’000
Assets and liabilities:
Current assets 8,667 8,151
Non-current assets 4 10
Total assets 8,671 8,161
Current liabilities (5,044 ) (5,526 )
Income and expenses:
Income 2,001 4,396
Expenses (1,039 ) (6,171 )