FORGING AHEAD - Tradewinds Plantation Berhad

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162 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 9. INVESTMENTS IN SUBSIDIARIES (continued) (a) The details of the subsidiaries are as follows: (continued) Interest in equity held by Country of Company Subsidiary Name of company incorporation 2010 2009 2010 2009 Principal activities % % % % Subsidiaries of Amalan Penaga (M) Sdn. Bhd. *Melur Gemilang Sdn. Bhd. Malaysia - - 70 70 Cultivation of oil palm and producing crude palm oil *Tradewinds Tanjung Alan Malaysia - - 70 70 Cultivation of oil palm Plantation Sdn. Bhd. *Trans Kenyalang Sdn. Bhd. Malaysia - - 85 85 Cultivation of oil palm *Arah Bersama Sdn. Bhd. Malaysia - - 70 70 Cultivation of oil palm *Amalan Pelita Pasai Malaysia - - 60 60 Cultivation of oil palm Sdn. Bhd. *Senandung Masyhur Malaysia - - 85 85 Cultivation of oil palm Sdn. Bhd. *Usaha Wawasan Sdn. Bhd. Malaysia - - 70 70 Cultivation of oil palm Subsidiaries of Northern Intergrated Agriculture Sdn. Bhd. *NIA Development Sdn. Bhd. Malaysia - - 70 70 Dormant *NIA Infrastructure Sdn. Bhd. Malaysia - - 70 70 Dormant * Subsidiary not audited by BDO # Subsidiary audited by member firm of BDO International ^ Subsidiary struck-off from Companies Commission of Malaysia’s register during the financial year and therefore not consolidated. TRADEWINDS PLANTATION BERHAD Annual Report 2010
9. INVESTMENTS IN SUBSIDIARIES (continued) (b) Subsidiaries struck-off from the register On 30 December 2009, the Company had submitted applications to the Companies Commission of Malaysia (‘CCM’) to strike off from CCM’s register its wholly-owned dormant subsidiaries, namely Gugusan Induk Sdn. Bhd. (‘GISB’), Insan Delima Sdn. Bhd. (‘IDSB’), JTOP Lebir Plantation Sdn. Bhd. (‘JTOP Lebir’) and Teon Choon Quarry Sdn. Bhd. (‘TCQSB’), under Section 308 of the Companies Act, 1965. During the current financial year, the Company received the following striking-off notices from the CCM pursuant to the application for the striking-off: (i) Notices for the striking-off of GISB and JTOP Lebir, both dated 27 July 2010; (ii) Notice for the striking-off of TCQSB, dated 16 August 2010; and (iii) Notice for the striking-off of IDSB, dated 9 September 2010. Accordingly, GISB and JTOP Lebir were struck-off from CCM’s register on 7 September 2010 and TCQSB and IDSB were struck-off from CCM’s register on 17 September 2010 and 13 October 2010 respectively. The striking-off of GISB, JTOP Lebir, TCQSB and IDSB has no material effect to the Group’s assets and liabilities and financial results for the current financial year. 10. INVESTMENT IN AN ASSOCIATE Group 2010 2009 RM’000 RM’000 Unquoted shares, at cost - * Share of post-acquisition reserves - - * Denotes RM4 FINANCIAL STATEMENTS TRADEWINDS PLANTATION BERHAD Annual Report 2010 - * 163
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Level 9, Menara HLA No. 3, Jalan Ki
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CORPORATE GOVERNANCE 56 Statement o
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4 STATUTORY REPORTING NOTICE OF ANN
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NOTICE OF ANNUAL GENERAL MEETING AN
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8 STATUTORY REPORTING STATEMENT ACC
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GROUP FINANCIAL HIGHLIGHTS 2010 200
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STRATEGIC INVESTMENTS We will remai
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16 CORPORATE INFORMATION FINANCIAL
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18 CORPORATE INFORMATION CORPORATE
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20 CORPORATE INFORMATION BOARD OF D
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26 CORPORATE INFORMATION TRADEWINDS
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28 CORPORATE INFORMATION MANAGEMENT
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30 CORPORATE INFORMATION GROUP CORP
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STRATEGIC DIVERSIFICATIONS Through
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36 PERFORMANCE REVIEW CHAIRMAN’S
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44 PERFORMANCE REVIEW BuSINESS REvI
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BuSINESS REvIEW By CHIEF EXECuTIvE
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STRATEGIC EXPERTISE As our sights a
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56 CORPORATE GOVERNANCE STATEMENT O
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DIRECTORS’ REMUNERATION The remun
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68 CORPORATE GOVERNANCE AUDIT COMMI
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AUTHORITY The Audit Committee shall
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72 CORPORATE GOVERNANCE ADDITIONAL
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74 CORPORATE GOVERNANCE ADDITIONAL
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STRATEGIC INNOVATIONS We are commit
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80 CORPORATE SOCIAL RESPONSIBILITY
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STRATEGIC REACH We are increasing t
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DIRECTORS’ REPORT The Directors h
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DIRECTORS’ BENEFITS Since the end
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SIGNIFICANT EVENTS DURING THE FINAN
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STATEMENT BY DIRECTORS In the opini
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REPORT ON OTHER LEGAL AND REGULATOR
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LIABILITIES Non-current liabilities
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Group Company 2010 2009 2010 2009 (
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Equity Share Share component Retain
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CASH FLOWS FROM INVESTING ACTIVITIE
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NOTES TO THE FINANCIAL STATEMENTS 3
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38. RELATED PARTY DISCLOSURES (cont
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42. SIGNIFICANT EVENTS SUBSEQUENT T
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44. OPENING STATEMENT OF FINANCIAL
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PLANTATION REvIEW OIL PALM 2010 200
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mATERIAL PROPERTIES Of TRADEWINDS P
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Company/ Location/Address HS(D) 389
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Company/ Location/Address Country L
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Company/ Location/Address Lot No. 0
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ANALySIS Of SHAREHOLDINgS AS AT 25
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LIST OF THIRTY (30) LARGEST SHAREHO
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ANALySIS Of IRREDEEmABLE cONvERTIBL
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SUBSTANTIAL ICULS HOLDER Name Direc
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SOUTHERN PENINSULAR REGION Regional
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MIRI REGION Regional Office c/o Lad
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Proxy Form I / We _________________
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