NOTES TO the FINANCIAL STATEMENTS
31 JULY 2015
Gamuda Berhad (29579-T)
•
Annual Report 2015
302
18. Investments in subsidiaries (cont’d.)
(h) Interests in subsidiaries (cont’d.)
The Company’s interests in the subsidiaries are analysed as follows: (cont’d.)
Proportion of ownership
Name of Company
2015
%
2014
%
Principal activities
Unicorporated subsidiaries in Malaysia
Gamuda Berhad - Kumpulan Darul Ehsan
Berhad - The Sweet Water Alliance Sdn.
Bhd. Joint Venture (“GKTJV”)
70
70 Civil engineering and construction.
Gamuda Berhad - Mujur Minat Sdn. Bhd.
Joint Venture (“GMMJV”)
70
70 Civil engineering and construction
* Audited by firms of auditors other than Ernst & Young, Malaysia
#
Financial year end which does not coincide with that of its holding company
^ Audited by member firms of Ernst & Young Global in the respective countries
For the purpose of consolidating the subsidiaries with different financial year ends, the last audited financial statements
available and the management financial statements to the end of the accounting period of the subsidiaries have been
used.
The details of the unincorporated subsidiaries are as follows:
Entity
Joint venture partners
Economic activity
GKTJV
Gamuda Berhad, Kumpulan Darul
Ehsan Berhad and The Sweet Water
Alliance Sdn. Bhd.
Undertakes civil engineering construction of the
dam and water treatment facilities of Sungai
Selangor Water Supply Scheme Phase 3
GMMJV
Gamuda Berhad and Mujur Minat Sdn. Bhd.
Undertakes civil engineering construction of
the Western Kuala Lumpur Traffic Dispersal
Scheme
Both GKTJV and GMMJV are unincorporated joint ventures formed under a contractual agreement. Pursuant to
FRS 10: Consolidated Financial Statements, both GKTJV and GMMJV are deemed to be subsidiaries of Gamuda Berhad
by virtue of its exposure or rights to variable returns from its investment with these entities and the power that give it
the current ability to direct the relevant activities to affect its returns from these entities.
