Page 131 - S P Setia Annual Report 2013
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Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 129





NOTES TO THE FINANCIAL STATEMENTS

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






7. inVeStmentS in aSSOciateD cOmPanieS (cOnt’D)

The summarised fnancial information of the associated companies, not adjusted for the percentage ownership held by the Group:
2013 2012
Rm’000 Rm’000

assets and liabilities
Total assets 35,169 4,004
Total liabilities 32,067 100

Results
Revenue 265 -
(Loss)/Proft for the year (596) 28

The associated companies, all incorporated in Malaysia, are as follows:

equity interest
Direct indirect
2013 2012 2013 2012 Principal activities
% % % %

Golden Klang Valley Sdn Bhd (“GKV”) 50 50 - - Property development

PTB Property Developer Sdn Bhd (“PTB”) - - 49 49 Property development
Icfox (Malaysia) Sdn Bhd (“Icfox”) - - - 20 Under members’
voluntary liquidation
Kuantan Pahang Holding Sdn Bhd 40 - - - Investment holding
(formerly known as Ivory Paragon Sdn Bhd)

Malaysia-China Kuantan Industrial Park Sdn Bhd - - 51 - Property development


8. inVeStmentS in JOintlY cOntROlleD entitieS
company
2013 2012
Rm’000 Rm’000

Unquoted ordinary shares, at cost 83,031 85,381
Capital contribution, at cost 5,600 5,600
LTIP granted to employees of jointly controlled entities 277 -
88,908 90,981

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