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THONG GUAN INDUSTRIES BERHAD - page 60 / 72

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60 / 72

Group

Company

2007 2006

2007 2006

58

THONG GUAN INDUSTRIES BERHAD

24.

Capital commitment

RM’000 RM’000

1,403

-

RM’000 RM’000

324

Contracted but not provided for in the financial statements - within 1 year

Property, plant and equipment

1,433

25.

Contingent liabilities

Company - Unsecured

  • i)

    The Company has issued corporate guarantees to licensed banks for banking facilities granted to certain subsidiaries up to a limit of RM207.6 million (2006 : RM187.0 million) of which RM55.6 million (2006 : RM59.0 million) have been utilised as at balance sheet date.

  • ii)

    The Company has issued corporate guarantees to a financial institution for credit facility granted to one of its subsidiaries up to a limit of RM860,000 (2006 : RM860,000) of which RM319,703 (2006 : RM493,156) has been utilised as at balance sheet date.

  • iii)

    The Company has issued corporate guarantees amounting to RM105.2 million (2006 : RM81.6 million) to vendors for the purchase of raw materials by certain subsidiaries.The amount owing by the subsidiaries to those vendors as at balance sheet date amounted to RM31.0 million (2006 : RM34.2 million).

  • iv)

    The Company has a share of other investment’s contingent liabilities incurred jointly with other investors for guaranteed bank facilities of approximately RM1.1 million (2006 : RM1.1 million).

26.

Segmental information - Group

Segment information is presented in respect of the Group’s business and geographical segments.The primary format, business segments, is based on the Group’s management and internal reporting structure. Inter-segment pricing is determined based on negotiated terms.

Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items mainly comprise interest/ earning assets and revenue, interest bearing loans, borrowings and expenses and corporate assets and expenses.

Segment capital expenditure is the total cost incurred during the period to acquire segment assets that are expected to be used for more than one period.

Business Segments

The Group comprises the following main business segments :

Plastic Products

The manufacturing and trading of plastic based products

Food and Beverages

The manufacturing and trading of consumer food products such as tea, coffee, biscuits, snack food and curry powder, and operations of food and beverage outlet

Others

The manufacturing and trading of products such as high density monofilament ropes, polypropylene string,paper serviette,colonge paper towel,rubber band,drinking straw, machinery, etc.

Geographical segments

The business segments are operated principally in Malaysia and China.

In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers. Segment assets are based on geographical location of assets.

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