LAPORAN TAHUNAN 2005 ANNUAL REPORT
SUBSIDIARY COMPANIES (CONTD.)
Nanyang Gallery of Art Sdn. Bhd.
Nanyang.com Sdn. Bhd.
Capital Foremost Sdn. Bhd.
Redhot Media Sdn. Bhd.
Provision of internet related and electronic commerce services and advertising broker
Liquidation of a subsidiary On 29 November 2004, a subsidiary, The Voice Publication Sdn. Bhd. was liquidated. The effect of the liquidation on the financial results and financial position of the Group is immaterial.
Disposal of a subsidiary
Proceeds in the form of investment in associates
Less: Net Assets Disposed Plant and equipment Inventories Trade receivables Other receivables Cash and bank balances Trade payables Other payables and accruals
189 3 722 7 83 ( 144 ) ( 1,242 )
( 382 )
Total gain on disposal Unrealised gain on disposal Gain on disposal
2,382 953 1,429
Disposal of a subsidiary, net of cash disposed Net cash outflow arising from disposal of a subsidiary
( 83 )