NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
105
Datasonic Group Berhad
(Company No. 809759-X)
40. CONTINGENT LIABILITIES
(a) Corporate guarantees
Group
Company
31.3.2015
31.12.2013
31.3.2015
31.12.2013
RM’000
RM’000
RM’000
RM’000
Secured:-
Performance guarantees
extended to customers
19,175
17,696
19,175
17,696
Unsecured:-
Guarantees for bank
facilities granted to
the subsidiaries
–
–
118,436
148,251
19,175
17,696
137,611
165,947
(b) Litigation
A subsidiary, DCSB filed a writ of summons on 11 January 2011 against Huawei Technologies
(M) Sdn. Bhd. (“Huawei”) for breach of a partnership agreement which DCSB is claiming for an
undetermined amount based on accounts, interests and costs (“Datasonic Action”).
Huawei, in return filed a counterclaim for the amount of RM30.00 million inter-alia, claiming for
loss of reputation (“Counterclaim”) due to the Datasonic Action.
The judgment was delivered on 20 January 2015 in favour of Huawei and the Counterclaim
was dismissed. DCSB has filed an appeal.
41. RELATED PARTY DISCLOSURES
The transactions of the Group and the Company with its related parties are as follows:
Company
1.1.2014
1.1.2013
to
to
31.3.2015
31.12.2013
RM’000
RM’000
Subsidiaries
Management services fees
14,262
9,425
Dividend income
102,000
15,500
Equipment transferred from
13
21
Equipment transferred to
–
1
