Page 154 - S P Setia Annual Report 2016
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152   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          8.   INVESTMENTS IN SUBSIDIARY COMPANIES (CONT’D.)

              Subsidiaries that have material non-controlling interests (cont’d.)


                                                                                                  2016          2015
                                                                                                RM’000        RM’000
               Kesas Kenangan Sdn Bhd
               Non-current assets                                                              349,699        349,399
               Current assets                                                                   211,005       229,749
               Non-current liabilities                                                         (162,087)      (111,833)
               Current liabilities                                                             (249,912)     (323,030)
               Net assets                                                                       148,705       144,285

                                                                                               1.1.2016      1.11.2014
                                                                                                    to            to
                                                                                             31.12.2016     31.12.2015
                                                                                                RM’000        RM’000
               Revenue                                                                          110,460       184,651

               Profit for the year/period                                                        4,420         23,323
               Other comprehensive income for the year/period                                        -             -
               Total comprehensive income for the year/period                                    4,420         23,323


               Dividends paid to owners of non-controlling interests                                 -             -
               Net cash generated from operating activities                                      10,550        15,773
               Net cash (used in)/generated from investing activities                          (120,816)        11,151
               Net cash generated from/(used in) financing activities                           84,592        (22,304)
               Net (decrease)/increase in cash and cash equivalents                             (25,674)        4,620


         9.   AMOUNT OWING BY/TO SUBSIDIARY COMPANIES

              Amounts owing by subsidiary companies included under non-current assets

              The amounts owing by subsidiary companies included under non-current assets represent unsecured advances which are not expected
              to be recalled within the next 12 months and are analysed as follows:

                                                                                                   Company
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Bearing interest at 4.70% to 8.00% (2015: 4.34% to 8.00%) per annum            1,657,999      1,130,111
               Interest free                                                                     68,371       170,471
               Unquoted redeemable cumulative preference shares                                 74,200        101,858
                                                                                              1,800,570      1,402,440
               Allowance for doubtful debts                                                      (9,681)       (9,681)
                                                                                              1,790,889      1,392,759
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