GPERAK-AnnualReport2009 (1MB).pdf - Bursa Malaysia
GPERAK-AnnualReport2009 (1MB).pdf - Bursa Malaysia GPERAK-AnnualReport2009 (1MB).pdf - Bursa Malaysia
annual report 2009 | Gula peraK BerHaD (8104-X) NOTES TO THE FINANCIAL STATEMENTS (Cont’d) 17. INvESTMENT IN SUBSIDIARy COMPANIES (Cont’d) a) Disposal of subsidiaries On 10th September, 2007, the Company entered into a Sales & Purchase Agreement with a third party for the disposal of the entire 80,000,000 issued shares of RM1.00 each of Rumpun Dahlia Sdn. Bhd. for a total cash consideration of RM45,000,000. The disposal was completed on 11th January, 2008. The effects of the disposal of the subsidiary company in 2008 on the financial position of the Group are as follows: 2008 10 months results RM’000 Other operating income 100 Other operating expenses (717) Loss for the year (617) Attributable to: Equity holders of the Company (617) As of date of disposal RM’000 Net assets disposed of as of date of disposal: Investment properties 63,000 Other receivables, deposits and prepayments 17 Bank balances 5 Other payables and accrued expenses (12,464) Amount owing to holding company (10,282) Amount owing to related company (801) Hire purchase payables (66) Net assets disposed of 39,409 Gain on disposal 5,591 Sales proceeds 45,000 Less: Sales proceeds outstanding included in other receivables (39,909) Net inflow to the Company 5,091 Less: Cash and cash equivalent disposed of (5) Net inflow to the Group 5,086 67 www.gulaperak.com.my
www.gulaperak.com.my 68 18. PROPERTy DEvELOPMENT PROJECTS annual report 2009 | Gula peraK BerHaD (8104-X) NOTES TO THE FINANCIAL STATEMENTS (Cont’d) The Group and the Company 2009 2008 RM’000 RM’000 Freehold land - at cost 4,884 4,884 Development expenditure 49,591 49,591 54,475 54,475 Add: Expenditure incurred during the year 6,311 – Less: Write down during the year (27,917) – Total cost todate 32,869 54,475 Less: Non-current portion (17,645) (41,989) 15,224 12,486 Less: Cost recognised as an expense in income Statement - previous year 2,774 2,774 - current year – – (2,774) (2,774) Current portion 12,450 9,712 19. ADvANCES TO SUBSIDIARy COMPANIES The Company 2009 2008 RM’000 RM’000 Advances to subsidiary companies 126,253 129,560 Less: Allowance for doubtful receivables (41,253) (18,020) Non-current portion – net 85,000 111,540 Advances to subsidiary companies, which were mainly provided for the purpose of the construction of hotel property, are secured against a subsidiary company’s hotel property, and are interest-free and not expected to be repaid within the next 12 months.
- Page 17 and 18: www.gulaperak.com.my 16 BOARD COMMI
- Page 19 and 20: www.gulaperak.com.my 18 RELATIONSHI
- Page 21 and 22: www.gulaperak.com.my 20 KEy PROCESS
- Page 23 and 24: www.gulaperak.com.my 22 AUDIT COMMI
- Page 25 and 26: www.gulaperak.com.my 24 annual repo
- Page 27 and 28: www.gulaperak.com.my 26 OTHER INFOR
- Page 29 and 30: www.gulaperak.com.my 28 FINANCIAL S
- Page 31 and 32: www.gulaperak.com.my 30 DIRECTORS
- Page 33 and 34: www.gulaperak.com.my 32 DIRECTORS
- Page 35 and 36: www.gulaperak.com.my 34 Report on O
- Page 37 and 38: www.gulaperak.com.my 36 BALANCE SHE
- Page 39 and 40: www.gulaperak.com.my 38 STATEMENTS
- Page 41 and 42: www.gulaperak.com.my 40 CASH FLOW S
- Page 43 and 44: www.gulaperak.com.my 42 CASH FLOW S
- Page 45 and 46: www.gulaperak.com.my 44 annual repo
- Page 47 and 48: www.gulaperak.com.my 46 annual repo
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- Page 51 and 52: www.gulaperak.com.my 50 annual repo
- Page 53 and 54: www.gulaperak.com.my 52 5. SEGMENT
- Page 55 and 56: www.gulaperak.com.my 54 9. LOSS BEF
- Page 57 and 58: www.gulaperak.com.my 56 10. DIRECTO
- Page 59 and 60: www.gulaperak.com.my 58 12. (LOSS)/
- Page 61 and 62: www.gulaperak.com.my 60 14. PROPERT
- Page 63 and 64: www.gulaperak.com.my 62 14. PROPERT
- Page 65 and 66: www.gulaperak.com.my 64 14. PROPERT
- Page 67: www.gulaperak.com.my 66 17. INvESTM
- Page 71 and 72: www.gulaperak.com.my 70 22. OTHER R
- Page 73 and 74: www.gulaperak.com.my 72 annual repo
- Page 75 and 76: www.gulaperak.com.my 74 annual repo
- Page 77 and 78: www.gulaperak.com.my 76 29. BORROwI
- Page 79 and 80: www.gulaperak.com.my 78 annual repo
- Page 81 and 82: www.gulaperak.com.my 80 33. AMOUNT
- Page 83 and 84: www.gulaperak.com.my 82 36. FINANCI
- Page 85 and 86: www.gulaperak.com.my 84 ANALYSIS OF
- Page 87 and 88: www.gulaperak.com.my 86 GROUP PROPE
- Page 89 and 90: Fold this flap for sealing 2nd fold
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18. PROPERTy DEvELOPMENT PROJECTS<br />
annual report 2009 | Gula peraK BerHaD (8104-X)<br />
NOTES TO THE FINANCIAL STATEMENTS (Cont’d)<br />
The Group and<br />
the Company<br />
2009 2008<br />
RM’000 RM’000<br />
Freehold land - at cost 4,884 4,884<br />
Development expenditure 49,591 49,591<br />
54,475 54,475<br />
Add: Expenditure incurred during the year 6,311 –<br />
Less: Write down during the year (27,917) –<br />
Total cost todate 32,869 54,475<br />
Less: Non-current portion (17,645) (41,989)<br />
15,224 12,486<br />
Less: Cost recognised as an expense in income Statement<br />
- previous year 2,774 2,774<br />
- current year – –<br />
(2,774) (2,774)<br />
Current portion 12,450 9,712<br />
19. ADvANCES TO SUBSIDIARy COMPANIES<br />
The Company<br />
2009 2008<br />
RM’000 RM’000<br />
Advances to subsidiary companies 126,253 129,560<br />
Less: Allowance for doubtful receivables (41,253) (18,020)<br />
Non-current portion – net 85,000 111,540<br />
Advances to subsidiary companies, which were mainly provided for the purpose of the construction of hotel property, are<br />
secured against a subsidiary company’s hotel property, and are interest-free and not expected to be repaid within the next<br />
12 months.
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