Eng - IOI Group

34 ACQUISITION OF SUBSIDIARIES cont’d34.2 Unipamol Malaysia Sdn Bhd and Pamol Plantations Sdn Bhd cont’dThe effect of the above acquisition on the financial results of the Group during the financial year is as follows:In RM’000Operating profit before interest, taxation, depreciation and amortisation 41,841Depreciation (3,988)Amortisation (675)Interest expense (7,125)Profit before taxation 30,053Taxation (9,007)Profit after taxation 21,046Minority interest (11,021)Increase in Group’s net profit 10,025The effect of the above acquisition on the financial position of the Group as at 30 June 2003 is as follows:In RM’0002003Property, plant and equipment 639,801Other long term assets 635Net current assets 63,802Other long term liabilities (47,534)Minority interest (96,819)Goodwill on consolidation 31,313Increase in Group’s net assets 591,198189IOI Corporation BerhadAnnual Report 2003