Page 125 - S P Setia Annual Report 2013
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Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 123





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






6. inVeStmentS in SUBSiDiaRY cOmPanieS

company
2013 2012
Rm’000 Rm’000


Unquoted shares in Syarikat Kemajuan Jerai Sdn Bhd and Wawasan Indera Sdn Bhd, at cost 115,186 115,186
Unquoted shares in other subsidiary companies, at cost 326,981 265,630
Capital contribution to subsidiary companies, at cost 1,297,069 1,015,156
LTIP granted to employees of subsidiary companies 17,953 -
Impairment loss (61,206) (61,206)

1,695,983 1,334,766

The capital contribution to subsidiary companies represents additional shareholders’ net investment. The capital contribution is unsecured,
interest free and the repayment of such balances are not expected in the foreseeable future until such time the subsidiary is in the position
to repay the amount without impairing its liquidity position.

The subsidiary companies are as follows:
equity interest
Direct indirect country of
2013 2012 2013 2012 incorporation Principal activities
% % % %

Bandar Setia Alam Sdn Bhd 100 100 - - Malaysia Property development
and property
investment holding

Setia Indah Sdn Bhd 100 100 - - Malaysia Property development
and property
investment holding
Setia Duta One Sdn Bhd 100 100 - - Malaysia Property development
* Syarikat Kemajuan Jerai Sdn Bhd 100 100 - - Malaysia Property development
and investment holding
* S P Setia Project Management Sdn Bhd - - 100 100 Malaysia Property development
project management
* Lagavest Sdn Bhd - - 100 100 Malaysia Investment holding
* Wawasan Indera Sdn Bhd 50 50 50 50 Malaysia Property development

* S P Setia Eco-Projects - - 100 100 Malaysia Property development
Management Sdn Bhd project management

* Setia Recreation Sdn Bhd - - 100 100 Malaysia Club operator
* Ambleside Sdn Bhd - - 100 100 Malaysia Property development

* Bukit Indah (Johor) Sdn Bhd 100 100 - - Malaysia Property development
and property
investment holding

Setia Bina Raya Sdn Bhd 100 100 - - Malaysia Inactive
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