Utusan Melayu (Malaysia) Bhd - Announcements
Utusan Melayu (Malaysia) Bhd - Announcements
Utusan Melayu (Malaysia) Bhd - Announcements
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Notes T O T HE A CCOUNTS for the year ended 31 December 1999<br />
28. SEGMENTAL ANALYSIS BY ACTIVITIES (CONT’D.)<br />
Profit/(loss)<br />
before Assets<br />
Turnover taxation employed<br />
RM RM RM<br />
1998<br />
Publishing and distribution 144,724,984 (7,496,786) 228,025,562<br />
Printing 17,036,710 (5,027,211) 33,265,837<br />
Advertisements 106,330,655 (6,658,868) 187,585,748<br />
Investment holding and management services 1,039,580 2,033,796 112,046,481<br />
Information technology and multimedia 5,081,226 (2,423,018) 4,408,108<br />
274,213,155 (19,572,087) 565,331,736<br />
Consolidation adjustments (11,885,849) (1,162,139) (109,683,893)<br />
262,327,306 (20,734,226) 455,647,843<br />
Share of results of associated companies 2,186,340<br />
(18,547,886)<br />
The Group currently operates mainly in <strong>Malaysia</strong> and accordingly no information on the Group’s operations by geographical<br />
segments has been provided.<br />
29. EVENTS AFTER BALANCE SHEET DATE<br />
Subsequent to the balance sheet date, the Company and one of the its subsidiaries entered into the following agreements:<br />
20 January 2000 – A support agreement with Fratelli Spada S.p.A, an Italian printing company, to increase its market base<br />
and undertake printing and related jobs in the international market.<br />
28 January 2000 – A share purchase and subscription agreement for the sale of 25% stake in <strong>Utusan</strong> Multimedia Sdn <strong>Bhd</strong><br />
to Asia Online Services (M) Sdn <strong>Bhd</strong> for RM5.0 million.<br />
3 February 2000 – A strategic alliance agreement with British Council to market a course designed for secretaries of the<br />
new millennium.<br />
3 February 2000 – A Memorandum of Understanding between, Net Space Learning Sdn <strong>Bhd</strong>, Net Space Production Sdn<br />
<strong>Bhd</strong> and Sky Media Pte Ltd to localise an interactive education service under the name of<br />
“SKYTUTOR”. The Agreement was eventually signed on 15 March 2000.<br />
11 February 2000 – A sale and purchase agreement with Felcra Berhad for the sale of Wangsa Maju Complex for RM59.0<br />
million to Felcra <strong>Bhd</strong>.<br />
21 March 2000 – Management Buy Out of 70% of <strong>Utusan</strong> Sight and Sound Sdn <strong>Bhd</strong> and <strong>Utusan</strong> Audio Sdn <strong>Bhd</strong> to<br />
streamline and enhance the performance of the Group.<br />
<strong>Utusan</strong> <strong>Melayu</strong> (<strong>Malaysia</strong>) Berhad<br />
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