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NOTES TO
THE FINANCIAL
STATEMENTS
FOR THE YEAR
ENDED 30 JUNE 2014
6. INVESTMENTS IN SUBSIDIARIES (CONT’D)
Company
2014 2013
RM'000 RM'000
356,303 355,803
Capital contributions 103,750 134,400
460,053 490,203
The capital contributions for the subsidiaries’ capital expenditure and working capital purposes are treated as
quasi-equity. The capital contributions have no fixed term of repayment and repayable at the discretion of the
wholly-owned subsidiaries.
The subsidiaries, which are all incorporated in Malaysia, are as follows:
Effective
equity interest
2014 2013 Principal activities
% %
Binawani Sdn Bhd 100 100 Civil engineering and building works
Ekofield Danga Cove Sdn Bhd 51 51 Inactive
Ekofield Projects Sdn Bhd 51 51 Inactive
Ekofield Property Sdn Bhd 51 51 Inactive
Ekovest Brunsfield Holdings Sdn Bhd 51 51 Investment holding
Ekovest Construction Sdn Bhd 100 100 Civil engineering and building works
Ekovest-Faber Sdn Bhd 60 60 Inactive
Ekovest Land Sdn Bhd 100 100 Investment holding
Ekovest-MRCB Construction Sdn Bhd 60 60 Inactive
Ekovest-MRCB JV Sdn Bhd 60 60 Project coordinator and manager for ‘River of
Life’ project
Ekovest Oil & Gas Sdn Bhd 50 50 Inactive
Ekovest Project Management Sdn Bhd 100 100 Project management for construction works
Ekovest Properties Sdn Bhd 100 100 Property investment
Ekovest World Sdn Bhd 100 100 Inactive
Heritage Reno Sdn Bhd 100 100 Property investment
Konsortium Lebuhraya Utara-Timur 100 70 Property investment Design, construction,
(KL) Sdn Bhd (“Kesturi”) operation, management and maintenance of
the Duta-Ulu Kelang Expressway
Milan Energy Sdn Bhd 100 100 Property investment
Milan Prestasi Sdn Bhd 100 100 Property investment
Ekovest Asset Management Sdn Bhd 100 100 Inactive
(formerly known as Milan
Ventures Sdn Bhd)
Milan Resources Sdn Bhd 100 100 Civil engineering and building works
Nuzen Corporation Sdn Bhd (“Nuzen”) 100 70 Investment holding
Ekovest Capital Sdn Bhd 100 100 Property investment
(formerly known as Prompt
Capital Sdn Bhd)
Saujarena Bina Sdn Bhd 100 100 Property investment
Sunview Capital Sdn Bhd 100 100 Property investment
Temasek Megamas Sdn Bhd 100 100 Property investment
Timur Terang Sdn Bhd 100 100 Property investment
Wira Kristal Sdn Bhd (“Wira Kristal”) 100 100 Investment holding
www.ekovest.com.my
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