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Name of Subsidiary

Country of Incorporation

Effective Equity Interest

Principal Activities

2009 %

2008 %

Yikon Jewellery Industry Sdn. Bhd. ("YJI")*

Malaysia

100

100

Trading of gold, gold jewellery and ornaments

Yikoni Gold Sdn. Bhd. ("YG")*

Malaysia

100

100

Inactive

Yikoni Diamond Sdn. Bhd. ("YD")*

Malaysia

100

100

Dormant

Yikon (HK) Ltd. ("YHK") #

Hong Kong

100

100

Investment holding, distributing and trading of gold jewellery and ornaments

YIKON

CORPORATION BHD

(527272-V)

Notes to the Financial Statements (cont’d)

Details of the subsidiaries are as follow:-

Subsidiary of YHK

100

7.

INVESTMENT IN SUBSIDIARIES (cont’d)

Yikoni Gold (Shen Zhen) Co. Ltd. ("YSZ") #

People's Republic of China

100

Retail and manufacturing of gold jewellery and ornaments

2009

2008

2009

2008

RM

RM

RM

RM

  • #

    Audited by another firm of chartered accountants other than Baker Tilly Monteiro Heng.

    • *

      In view of the capital deficiencies reported by these subsidiaries, the Auditors’ Report of these subsidiaries contain an emphasis of matter relating to the appropriateness of the going concern basis of accounting used in the preparation of their financial statements. In aggregate these subsidiaries recorded capital deficiencies of RM2,212,984/-.

Annual Report 2009

Company

-

1,125,000

-

1,125,000

-

(294,814)

-

-

Group

Details of the associate are as follows:-

Name of Associate

Country of Incorporation

Fu An Jewellery Sdn. Bhd.

Malaysia

8.

INVESTMENT IN AN ASSOCIATE

Unquoted shares - at cost Share of post-acquisition loss

  • -

    830,186

  • -

    1,125,000

Effective Equity

Interest 2009 2008

%%

Principal Activities

-

45

Wholesale and retail of gold, plantinum, silver jewellery and ornaments, diamonds, precious and semi-precious stones

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