ANNUAL REPORT 2016
65
Techno
Dex
Berhad
(627634-A)
NOTES TO THE
FINANCIAL STATEMENTS
(continued)
7. INVESTMENTS IN SUBSIDIARIES (continued)
On 1 July 2015, the Company acquired and subscribed a total of 50 ordinary shares of RM 1 each in MyProperty
Data Sdn. Bhd. representing 50% of the enlarged issued and paid-up share capital for a total cash consideration
of RM 50 as disclosed in Note 34.
On 3 July 2015, the Company acquired and subscribed a total of 1 ordinary shares of RM 1 each in SurfsTek
Resources (R&D) Sdn. Bhd. representing 50% of the enlarged issued and paid-up share capital for a total cash
consideration of RM 1. On 28 December 2015, the Company had entered into an Shareholders’ Agreement
between the Company and SursfTek Resources (M) Sdn. Bhd. to increase SurfsTek Resources (R&D) Sdn. Bhd.
paid-up share capital from 2 to 3,000,000 for a total cash consideration of RM 2,999,998 as disclosed in Note 35
which the Company has further acquired and subscribed additional of 1,499,999 for a total consideration of RM
1,499,999. Total cash consideration for this investment is amounting to RM 1,500,000.
(a) The non-controlling interests at the end of the reporting period comprise the following:-
2016
2015
RM
RM
Idealseed Resources Sdn. Bhd. (IRSB)
1,590,190
1,114,091
MyProperty Data Sdn. Bhd. (MDSB)
(4,613)
-
SurfsTek Resources (R&D) Sdn. Bhd. (SRSB)
2,845,585
-
Idealseed Talent Tactics Sdn. Bhd. (ITTSB)
25,356
25,716
Idealseed Arrowhead Sdn. Bhd. (IASB)
32,298
64,855
Other individually immaterial subsidiary
(4,279)
(3,003)
4,484,537
1,201,659
(b) TheThe summarised financial information (before intra-group elimination) for each subsidiary that has non-
controlling interests that are material to the Group is as follows:-
IRSB MDSB SRSB ITTSB
IASB
Total
RM RM RM
RM
RM RM
2016
At 30 April
Non-current assets
424,510 250,172 1,487,409
10,151
2,599 2,174,841
Current assets
4,850,847
60,129 4,436,613
167,535
190,869 9,705,993
Current liabilities
(1,688,227)
(319,527)
(232,852)
(130,219)
(127,554) (2,498,379)
Net assets
3,587,130
(9,226) 5,691,170
47,467
65,914 9,382,455
2015
At 30 April
Non-current assets
472,307
-
-
17,529
4,746
494,582
Current assets
2,674,080
-
-
118,275
245,801 3,038,156
Current liabilities
(670,629)
-
-
(83,322)
(118,189)
(872,140)
Net assets
2,475,758
-
-
52,482
132,358 2,660,598
