At the end of the financial period/year
18,750,000
18,750,000
Company
Quasi loan represents advances and payments made on behalf of which the settlement is
neither planned nor likely occur in the foreseeable future. This amount is in substance, a part
of the Company’s net investment in a subsidiary. The quasi loan is stated at cos
t less
accumulated impairment losses, if any.
Movement in allowance for impairment losses in respect of investment in subsidiaries are as
follows:
2018
2017
RM
RM
At the beginning of the financial period/year
81,673,553
84,289,674
Additions
3,343,041
-
Disposal
(81,248,198)
-
Reversal
(325,350)
(2,616,121)
Written off
(2)
-
At the end of the financial period/year
3,443,044
81,673,553
Company
NOTES TO THE FINANCIAL STATEMENTS
- 31 DECEMBER 2018
