105 / 168
Datasonic Group Berhad
(Company No. 809759-X)
103
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
(Continued)
6.
INVESTMENTS IN SUBSIDIARIES (CONT’D)
Note:
* - The subsidiary was granted Multimedia Super Corridor status which qualifies for Pioneer Status
incentive under the Promotion of Investments Act, 1986 as disclosed in Note 37 to the financial
statements.
^ - These subsidiaries were audited by other firms of chartered accountants.
^^ - On 28 April 2015, the subsidiary changed its name from Asia Pacific Card & System Sdn. Bhd.
to DMSB.
~ - No audit requirement of this subsidiary under New ZealandCompanies Act 1993 as the Company
satisfied the exemption requirements.
(a) During the financial year, the Company acquired the entire equity interests in AFSB and AISB
for a total cash consideration of RM2 each.
(b) On 1 December 2015, the Company increased the cost of investment in:-
(i) DSSSB by capitalising the amount owing by DSSSB which resulted in an enlargement of
the issued and paid-up share capital from 100,001 to 20,000,000;
(ii) DCSB by capitalising the amount owing by DCSB which resulted in an enlargement of the
issued and paid-up share capital from 10,000,000 to 20,000,000; and
(iii) DTSB by capitalising the amount owing by DTSB which resulted in an enlargement of the
issued and paid-up share capital from 7,466,667 to 17,000,000.
(c) The non-controlling interests at the end of the financial year/period comprise the following:-
Effective Equity Interest
Group
2016
2015
2016
2015
%
%
RM’000
RM’000
DISB
30
30
(241)
(80)
DMSB
0.55
0.55
96
90
CASB
0.55
0.55
(1)
(#)
(146)
10
Note:
# - Amount less than RM1,000.
The summarised financial information (before intra-group elimination) for each subsidiary that has
non-controlling interests is not presented as the non-controlling interests are not material to the Group.