ANNUAL REPORT 2016
83
Techno
Dex
Berhad
(627634-A)
34. FINANCIAL INSTRUMENTS (continued)
34.3 CLASSIFICATION OF FINANCIAL INSTRUMENTS
The Group The Company
2016
2015
2016
2015
RM
RM
RM
RM
Financial assets
Loans and receivables financial assets
Trade receivables
11,647,251
8,465,497
-
-
Other receivables, deposits
and prepayments
2,256,519
1,452,852
235,227
54,415
Amount owing by subsidiaries
-
-
5,370,573 3,327,875
Fixed deposits with licensed banks
600,000
4,324,366
-
4,024,366
Cash and bank balances
4,293,529
1,984,167
200,276
878,390
18,797,299
16,226,882
5,806,076
8,285,046
Financial liabilities
Other financial liabilities
Trade payables
186,701
373,288
-
-
Other payables and accruals
1,806,336 1,633,305
397,564
495,230
Hire purchase payables
173,755
865,237
-
-
2,166,792
2,871,830
397,564
495,230
34.4 FAIR VALUE MEASUREMENTS
At the end of the reporting period, there were no financial instruments carried at fair values.
The fair values of the financial assets and financial liabilities approximated their carrying amounts due to the
relatively short-term maturity of the financial instruments (maturing within the next 12 months). The fair values
are included in level 2 of the fair value hierarchy.
35. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
(a) 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. Subsequently, the Company had entered into an Shareholders’ Agreement
between the Company and Epilog Tenggara Sdn. Bhd. to increase MyProperty Data Sdn. Bhd. paid-up
share capital from 100 to 3,000,000 for a total cash consideration of RM 2,999,900. The Shareholders’
Agreement still in progress.
(b) 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
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.
NOTES TO THE
FINANCIAL STATEMENTS
(continued)
