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13 SUBSIDIARIES
Company
2002 2001
RM'000 RM'000
Unquoted shares at cost:
- in Malaysia 452,361 452,773
- outside Malaysia 3 3
452,364 452,776
Loan stocks at cost 17,333 17,333
Less: Allowance for diminution in value of investments (185,538) (155,806)
284,159 314,303
The loan stocks issued by a subsidiary under a Joint Venture Agreement dated 18 April 1996
was due for redemption on 1 January 2002 at 100% of its nominal value for all loan stocks
not previously redeemed or purchased together with all accrued interest thereon. The
agreement by the joint venture parties to vary and supplement the terms of the above joint
venture agreement has not been finalised at the date of this financial statements. The
Directors are of the opinion that the supplementary Joint Venture Agreement will not
contravene any of the terms and conditions of the Bonds (Note 28).
The Group’s effective equity interest in the subsidiaries, their respective principal activities
and country of incorporation are set out in Note 38.
14 ASSOCIATES
Group Company
2002 2001 2002 2001
RM'000 RM'000 RM'000 RM'000
In Malaysia:
Unquoted investments at cost 7,119 7,119 - -
Share of post-acquisition
accumulated losses (3,420) (2,667) - -
3,699 4,452 - -
Quoted investments at cost 2,620,182 2,620,182 2,620,182 2,620,182
Less: Allowance for diminution
in value (1,430,329) (1,430,329) (1,890,619) (1,843,259)
1,189,853 1,189,853 729,563 776,923
Share of post-acquisition
accumulated losses (401,579) (512,119) - -
788,274 677,734 729,563 776,923
791,973 682,186 729,563 776,923
Market value of quoted investments 708,309 729,052 708,309 729,052
Laporan Tahunan 2002 Annual Report
NOTES TO THE FINANCIAL STATEMENTS 31 AUGUST 2002 (CONTINUED)
119