CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 148 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 20. INVESTMENTS IN ASSOCIATES Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Quoted shares in Malaysia, at cost 339,233 339,233 57,063 57,063 Less: Accumulated impairment losses (67,000) (67,000) - - Less: Dilution loss arising from deemed disposal of an associate (5,000) (5,000) - - 267,233 267,233 57,063 57,063 Unquoted shares, at cost 435,198 368,298 186,790 186,790 Irredeemable Convertible Preference Shares 110,000 - - - 812,431 635,531 243,853 243,853 Share of post-acquisition reserves 56,748 35,749 - - 869,179 671,280 243,853 243,853 Fair value of investments in associates for which there is published price quotation 149,440 183,804 81,965 100,993 Details of the associates, which are incorporated in Malaysia, are as follows: Name of associates Principal activities Proportion of ownership interest 2016 2015 % % Held by the Company: KKB Engineering Berhad Steel fabrication, civil construction, hot dip galvanising and the manufacture of LPG cylinders 20.0 20.0 K & N Kenanga Holdings Berhad Investment holding, stockbroking and financial services business - 4.1 Kenanga Investment Bank Berhad Investment holding stockbroking and financial services business 4.2 - Sacofa Sdn. Bhd. Telecommunication infrastructure providers 50.0 50.0