Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 105 7. Investment in Subsidiary Companies Company 2017 2016 RM RM In Malaysia: At cost Unquoted share 17,999,998 17,999,998 Less: Impairment loss (1,000,000) - 16,999,998 17,999,998 Reclassified to non-current assets held for sale (4,000,000) - 12,999,998 17,999,998 Details of the subsidiary companies are as follows: Name of company Country of incorporation Effective equity interest Principal activities 2017 % 2016 % Direct subsidiary company Asia Media Sdn. Bhd. Malaysia 100 100 Business of multimedia advertising services, media communications, commercialisation of narrowcasting network solutions, and dynamic, and automation contents, and provision ofintergration, maintenance and support services relating to the above products. DPO Plantations Sdn. Bhd. Malaysia 100 100 Cultivation of oil palm NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (cont’d)