QL Resources Berhad (428915-X)
98
9. Investment in associates
Group
2016 2015
RM’000 RM’000
At cost:
Unquoted shares 3,151 2,594
Quoted shares in Malaysia 55,912 54,107
Share of post-acquisition reserve 50,016 37,960
109,079 94,661
Market value:
Quoted shares in Malaysia 220,147 312,508
Details of the associates are as follows:
Effective
ownership
interest and
voting
Country of interest
Name of Company incorporation Principal activities 2016 2015
% %
Indahgrains Logistics Sdn. Bhd.* Malaysia Operating of warehouse 29.87 29.87
and warehouse management
Boilermech Holdings Berhad# Malaysia Manufacturing, repairing and 41.83 41.48
servicing of boilers
AB Hatchery Sdn. Bhd.* Malaysia Hatchery and aqua culturing of 31.03 31.03
shrimps and fishes
* Equity accounted based on management accounts.
# Audited by another firm of accountants.
Notes to the Financial Statements
(Cont’d.)
