Sustainability and Governance Report
Notes to the FINANCIAL STATEMENTS
Not
16. Investment in subsidiaries
Unquoted shares, at cost
Less: Impairment loss
The Company has the following subsidiaries as at 31 March 2020 and 31 March 2019:
Name
Principal activities
(Country of incorporation
and place of business)
Held by the Company
Alstyle Marketing Sdn. Bhd. (3)
Ossia World of Golf (M) Sdn. Bhd. (3)
Great Alps Industry Co., Ltd (1)
W.O.G. World of Golf Pte Ltd (4)
Group
2020
2019
$'000
$'000
3,468
3,468
(2,020)
(2,020)
1,448
1,448
Proportion of ownership
interest
Cost of Investment
2020
2019
2020
2019
%
%
$'000
$'000
Investment holding (Malaysia)
100.0
100.0
282
282
Dormant (Malaysia)
100.0
100.0
1,080
1,080
Distribution of bags, sporting goods,
100.0
100.0
677
677
apparel and accessories (Taiwan)
Dormant (Singapore)
100.0
100.0
1,429
1,429
3,468
3,468
Held through Alstyle Marketing Sdn. Bhd.
Alstyle International (M) Sdn. Bhd. (3)
Dormant (Malaysia)
100.0
100.0
Alstyle Fashion Sdn. Bhd. (3)
Dormant (Malaysia)
100.0
100.0
Alstyle International Resources Sdn Bhd. (3)
Dormant (Malaysia)
61.0
61.0
Decorion Sdn. Bhd. (2)
Investment holding (Malaysia)
100.0
100.0
(1) Audited by member firm of Ernst & Young Global in Taiwan.
(2) Audited by W.K. Lee & Co., CPA, Malaysia.
(3) Audited by KGNP, CPA, Malaysia.
(4) Not required to be audited by the law of its country of incorporation.
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