137 / 174
financiAL STATEMENTs
Annual Report 2017
135
NOTES TO THE FINANCIAL STATEMENTS
16. INVESTMENTS IN SUBSIDIARIES (Cont’d.)
(c)
During the year, the Company subscribed to RM5.0 million (50 units) of redeemable convertible loan stocks issued by a
subsidiary, Cendana Laksana Sdn. Bhd., with a nominal value of RM100,000 per loan stock at 5.0% per annum coupon
rate.
(d)
During the year, the Company subscribed to RM2.0 million (20 units) of redeemable convertible loan stocks issued by a
subsidiary, Gabungan Warisan Sdn. Bhd., with a nominal value of RM100,000 per loan stock at 5.0% per annum coupon
rate.
(e)
During the year, the Company subscribed to RM1.0 million (10 units) of redeemable convertible loan stocks issued by a
subsidiary, Etika Gangsa Sdn. Bhd., with a nominal value of RM100,000 per loan stock at 5.0% per annum coupon rate.
(f)
During the year, the Company subscribed to RM2.0 million (20 units) of redeemable convertible loan stocks issued by a
subsidiary, Taka Worldwide Trading Sdn. Bhd., with a nominal value of RM100,000 per loan stock at 5.0% per annum
coupon rate.
17. INVESTMENT IN ASSOCIATE
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Unquoted shares, at cost
10,000
10,000
10,000
10,000
Share of post acquisition results
31,061
30,238
-
-
41,061
40,238
10,000
10,000
Details of the associate, which is incorporated in Malaysia, are as follows:
Group’s effective interest
Name of Associate
2017
2016
Principal Activities
%
%
Giesecke & Devrient Malaysia Sdn. Bhd. (i)
20
20
Production and sale of bank notes
(i)
Audited by a firm other than Hanafiah Raslan and Mohamad
The financial statements of Giesecke & Devrient Malaysia Sdn. Bhd. (“G&D”) is not coterminous with those of the Group as
G&D has a financial year end of 31 December to conform with its holding company’s financial year end. For the purpose
of applying the equity method of accounting, the financial statements of G&D for the year ended 31 December 2016 have
been used and appropriate adjustments have been made for the effects of transactions between 31 December 2016 and
31 March 2017.
Summarised financial information in respect of G&D is set out below. The summarised financial information represents the
amounts in the financial statements of the associate and not the Group’s share of those amounts.