L a p o r a n T a h u n a n 2 0 0 0 A n n u a l R e p o r t - ChartNexus

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Notes to the Financial Statements (continued)For the financial period of seventeen months ended 31 December 200010 PROPERTY, PLANT AND EQUIPMENT (continued)The freehold land consists of the following:Group31.12.2000 31.7.1999RMRMAt cost or valuationLand, at 1990 valuation 43,641,467 45,365,726Land, at 1996 valuation 323,130,580 324,102,686Development expenditure, at cost 10,634,069 10,518,173377,406,116 379,986,585If the freehold land had been determined in accordance with the historical cost convention, the cost of thefreehold land for the Group is RM25,921,655 (31.7.1999: RM25,805,759).Included in pro p e rt y, plant and equipment is interest capitalised during the financial period amounting toRM128,906 (31.7.1999: RM57,841). Interest charged were at rates ranging from 3.05% to 8.50% (31.7.1999:4.75% to 14.10%) per annum during the financial period.Property, plant and equipment amounting to RM2,363,554 (31.7.1999: RM Nil) of the Group have been pledgedas security for the short term bank borrowings (Note 21).11 INVESTMENT IN SUBSIDIARY COMPANIESCompany31.12.2000 31.7.1999RMRMUnquoted shares– At cost 51,725,017 51,725,013– At Directors’ valuation 472,421,706 472,421,706524,146,723 524,146,719The Company’s investment in a subsidiary company, i.e. Seri Alam Properties Sdn Bhd is stated at valuationbased on the net tangible assets of that subsidiary company as at 31 October 1996. All other subsidiarycompanies are stated at cost.54
Notes to the Financial Statements (continued)For the financial period of seventeen months ended 31 December 200011 INVESTMENT IN SUBSIDIARY COMPANIES (continued)Details of the subsidiary companies, all of which were incorporated in Malaysia, are as follows:Percentage ofequity holdingsName of company Principal activities 31.12.2000 31.7.1999% %@ Seri Alam Properties Sdn Bhd Property development 100 100* UM Leisure Sdn Bhd General trading 100 100* UM Land Assets Sdn Bhd Property investment 100 100UM Land Bena Sdn Bhd Property development 100 100and related activitiesCountry Equity Sdn Bhd Investment holding 99.998 99.998* UM Development Sdn Bhd General trading 100 –(formerly known as BrilliantDeal Sdn Bhd)* UM Residences Sdn Bhd General trading 100 –(formerly known as EffectiveHeights Sdn Bhd)Subsidiaries of Seri AlamProperties Sdn Bhd* PMS Services Sdn Bhd Project management 100 100* Seri Alam Hotel Resort Sdn Bhd General trading 100 100(formerly known as Seri AlamServices Sdn Bhd)Seri Alam Leisure Sdn Bhd Investment holding 100 100Subsidiary of Seri Alam Leisure Sdn BhdSeri Alam Golf & Equestrian Club Operation of a recreational 100 100Sdn Bhdclub and related activitiesSubsidiary of Country Equity Sdn BhdBangi Heights Development Sdn Bhd Property development and 70 70property investment@ Subsidiary company consolidated using the merger method of accounting.* These subsidiary companies have not commenced operations.UNITED MALAYAN LAND BHD55
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L a p o r a n T a h u n a n 2 0 0 0
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We envisage UM Land as the nation's
Page 5 and 6: As a property developer committed t
Page 7 and 8: With the completed RM36 million Put
Page 9 and 10: SERI ALAM PROPERTIES SDN BHDEncik H
Page 11 and 12: Ismail bin Abd HalimIsmail bin Abd
Page 13 and 14: Pee Tong LimPee Tong Lim, 51, was a
Page 15 and 16: Homes, Putra Villa Townhouses and P
Page 17 and 18: Net Earnings Per Share/Pendapatan B
Page 19 and 20: Corporate StructureStruktur Korpora
Page 21 and 22: *Date ofNet Book LastDescription &
Page 23 and 24: • To ensure co-ordination of the
Page 25 and 26: DIRECTORS SHAREHOLDINGSPEGANGAN SAH
Page 27 and 28: Name of shareholdersNo. of sharesNa
Page 29 and 30: Notice of Annual General MeetingNOT
Page 31 and 32: Notis Mesyuarat Agung TahunanDENGAN
Page 33 and 34: 32-36 Directors’ Report37 Income
Page 35 and 36: Directors’ Report (continued)For
Page 37 and 38: Directors’ Report (continued)For
Page 39 and 40: Income StatementsFor the financial
Page 41 and 42: Consolidated Statement of Changes i
Page 43 and 44: Cash Flow StatementsFor the financi
Page 45 and 46: Notes to the Financial StatementsFo
Page 47 and 48: Notes to the Financial Statements (
Page 55: Notes to the Financial Statements (
Page 65 and 66: Statement by DirectorsPursuant to S
Page 67 and 68: Penyata Kewangan66-70 Laporan Para
Page 69 and 70: Laporan Para Pengarah (sambungan)Ba
Page 71 and 72: Laporan Para Pengarah (sambungan)Ba
Page 73 and 74: Penyata PendapatanBagi tempoh kewan
Page 75 and 76: Penyata Perubahan Ekuiti DisatukanB
Page 77 and 78: Penyata Aliran TunaiBagi tempoh kew
Page 79 and 80: Nota-Nota Kepada Penyata KewanganBa
Page 81 and 82: Nota-Nota Kepada Penyata Kewangan (
Page 95: Nota-Nota Kepada Penyata Kewangan (
Page 100 and 101: Laporan JuruauditKepada ahli-ahli U
Page 102 and 103: Fold HereSTAMP/SETEMShare Registrar
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