2004 - Hiap Teck Venture Berhad

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4. INVESTMENTS IN SUBSIDIARIES COMPANY 2004 2003 RM'000 RM'000 Unquoted shares at cost 81,570 75,474 During the financial year, the Company subscribed for 6,095,998 new ordinary shares of RM1 each in Alpine Pipe Manufacturing Sdn Bhd by way of capitalisation of debts due from the said subsidiary. Details of subsidiaries are as follows: Country of Percentage Name of Subsidiaries Incorporation Interest Held (%) Principal Activities 2004 2003 Hiap Teck Hardware Sdn Bhd Malaysia 100 100 Importers and exporters and general dealer of steel products, hardware and building materials Tiek Hong Hardware Malaysia 100 100 General merchant and dealer in (B'worth) Sdn Bhd metal hardware, building equipment and materials Alpine Pipe Malaysia 100 100 Manufacturing and trading Manufacturing Sdn Bhd of steel and iron products Briliant Decade Transport Malaysia 100 100 Provision of transportation Agency Sdn Bhd service Huatraco Marketing Sdn Bhd Malaysia 100 100 Manufacturing, selling, dealing and renting of scaffolding equipment, slitting and forming process for pipes and range of steel products Subsidiaries of Huatraco Marketing Sdn Bhd H.T. Scaffolding Malaysia 100 100 Manufacturer and distributor of Manufacturing Sdn Bhd multi-directional crab system scaffolding, metal form and framework accessories Huatraco Industries Malaysia 100 100 Manufacturing, selling and Sdn Bhd dealing in scaffolding and range of steel products Subsidiaries of Hiap Teck Hardware Sdn Bhd H.T. Property Sdn Bhd Malaysia 100 100 Investment properties H.T. Steel Malaysia 100 100 Manufacturing of steel bar Manufacturing Sdn Bhd and sections Hiap Teck Holdings Sdn Bhd Malaysia 100 100 Dormant HIAP TECK VENTURE BERHAD 37
5. OTHER INVESTMENTS GROUP COMPANY 2004 2003 2004 2003 RM'000 RM'000 RM'000 RM'000 At cost Quoted shares, outside Malaysia 671 - - - Less: Impairment losses (531) - - - 140 - - - Unquoted shares, within Malaysia 22 22 - - Club memberships 310 310 35 35 472 332 35 35 Market value of quoted shares 144 - - - The movements in investment in quoted shares, outside Malaysia is as follows: Group 2004 RM'000 Shares assigned from trade receivables (Note 8) 1,462 Less: Disposal of other investment (791) At 31 July 671 Less: Impairment losses (531) 140 6. GOODWILL ON CONSOLIDATION GROUP 2004 2003 RM'000 RM'000 At cost less amortisation At 1 August 891 943 Less: Amortisation (52) (52) At 31 July 839 891 7. INVENTORIES GROUP 2004 2003 RM'000 RM'000 At cost Raw materials 87,156 50,374 Work-in-progress 12,143 9,191 Finished goods 60,723 47,319 Merchandise goods 36,910 39,411 196,932 146,295 38 HIAP TECK VENTURE BERHAD
Page 1 and 2: 2004 annual report C R E A T I N G
Page 3 and 4: CORPORATE STRUCTURE 100% 100% 100%
Page 5 and 6: PROFILE OF THE BOARD OF DIRECTORS T
Page 7 and 8: CHAIRMAN’S STATEMENT On behalf of
Page 9 and 10: FINANCIAL HIGHLIGHTS Revenue (RM’
Page 11 and 12: The Company’s Articles of Associa
Page 13 and 14: STATEMENT ON INTERNAL CONTROL The B
Page 15 and 16: AUDIT COMMITTEE REPORT The Audit Co
Page 17 and 18: 6. Audit Committee Report The Commi
Page 19 and 20: Directors’ Report The directors h
Page 21 and 22: ISSUE OF SHARES AND INITIAL PUBLIC
Page 23 and 24: Statement by Directors Pursuant to
Page 25 and 26: Balance Sheets as at 31 July 2004 N
Page 27 and 28: Consolidated Statement of Changes i
Page 29 and 30: Cash Flow Statements for the year e
Page 31 and 32: Notes to the Financial Statements 3
Page 33 and 34: 2. SIGNIFICANT ACCOUNTING POLICIES
Page 35 and 36: 2. SIGNIFICANT ACCOUNTING POLICIES
Page 37: 3. PROPERTY, PLANT AND EQUIPMENT (C
Page 41 and 42: 11. CASH AND CASH EQUIVALENTS GROUP
Page 43 and 44: 14. TRADE PAYABLES The normal trade
Page 45 and 46: 18. DEFERRED TAX (CONT’D) Deferre
Page 47 and 48: 23. DIRECTORS' REMUNERATION Directo
Page 49 and 50: 25. TAXATION (CONT’D) Company 200
Page 51 and 52: 30. SIGNIFICANT RELATED PARTY TRANS
Page 53 and 54: 33. SIGNIFICANT EVENTS In conjuncti
Page 55 and 56: 34. SEGMENTAL INFORMATION (CONT’D
Page 57 and 58: Analysis of Shareholdings as at 15
Page 59 and 60: DIRECTORS’ SHAREHOLDING as at 15
Page 61 and 62: financial year, amongst others, on
Page 63 and 64: Statement Accompanying Notice of An
Page 65 and 66: Company Secretaries HIAP TECK VENTU

2004 - Hiap Teck Venture Berhad

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