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148 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

7. INVESTMENTS IN ASSOCIATED COMPANIES

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Unquoted ordinary shares, at cost

2,272

2,022

900

650

Capital contribution to associated companies, at cost

93,249

-

93,249

-

Group’s share of post-acquisition profits less losses

(1,420)

67

-

-

Impairment loss

-

(400)

-

-

94,101

1,689

94,149

650

The details of the individual Group’s associated companies are not disclosed as they are deemed to be immaterial to the Group. The

summarised aggregate financial information of the Group’s share of individually non-material associated companies as at 31 October is

set out below:

2014

2013

RM’000

RM’000

Loss for the year

(94)

(162)

Other comprehensive income for the year

-

-

Total comprehensive loss for the year

(94)

(162)

Carrying amount of the Group’s interest in individually non-material associated companies

852

1,689

Capital contribution to an associated company, at cost *

93,249

-

94,101

1,689

* This amount relates to the capital contribution to Qinzhou Development (Malaysia) Consortium Sdn Bhd, an associated company

which holds the investment in China-Malaysia Qinzhou Industrial Park (Guangxi) Development Co. Ltd. in China.

The capital contribution is unsecured, interest free and is not expected to be recalled within the next 12 months.