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Annual Report 2014 | S P SETIA BERHAD GROUP | 149

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

7. INVESTMENTS IN ASSOCIATED COMPANIES (CONT’D)

The associated companies are as follows:

Equity interest

Direct

Indirect

Country of

2014

2013

2014

2013 incorporation Principal activities

% % % %

Golden Klang Valley Sdn Bhd

-

50

-

-

Malaysia

Under members’ voluntary

liquidation

*

PTB Property Developer Sdn Bhd

-

-

49

49

Malaysia

Property development

*

Kuantan Pahang Holding Sdn Bhd

-

40

-

-

Malaysia

Investment holding

*

Malaysia-China Kuantan Industrial

Park Sdn Bhd

-

-

-

20

Malaysia

Property development

*#

Qinzhou Development (Malaysia)

Consortium Sdn Bhd

45

-

-

-

Malaysia

Investment holding

+#

Qinzhou Development (Hong Kong)

Limited

-

-

45

-

Hong Kong Investment holding

*#

China-Malaysia Qinzhou Industrial

Park (Guangxi) Development

Co. Ltd

-

-

22

-

China

Property development

* Not audited by Mazars, Malaysia

+ Audited by member firms of Mazars in the respective countries

# The financial year of these associated companies ends on 31 December

8. INVESTMENTS IN JOINTLY CONTROLLED ENTITIES

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Restated

Unquoted ordinary shares, at cost

657,653

506,353

33,250

34,151

LTIP granted to employees of jointly controlled entities

-

-

799

277

657,653

506,353

34,049

34,428