NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
122
Annual Report 2015
46. SIGNIFICANT EVENTS DURING THE FINANCIAL PERIOD
(a) On 9 April 2014, the Company entered into a Share Sale Agreement with Formosa Prosonic
Industries Berhad for the acquisition of 24,861,790 ordinary shares of RM1.00 each, representing
99.45% of the equity interest in DMSB together with its wholly-owned subsidiary, CASB (“DMSB
Group”), for a total cash consideration of approximately RM21.88 million.
The above acquisition of DMSB Group was completed on 16 July 2014.
(b) On 25 June 2014, DTSB entered into a conditional Share Sale Agreement for the acquisition of
6,000 ordinary shares of RM1.00 each, representing 30% of the equity interest in FuelSubs House
Sdn Bhd (“FHSB”) for a total cash consideration of RM10 million.
The completion of the acquisition is conditional upon fulfilment of the Conditions Precedent of
securing the letter of award which is still pending.
(c) On 25 July 2014, the Company incorporated a subsidiary known as DISB.
The authorised and issued and fully paid-up share capital of DISB are RM400,000 and RM100
respectively. 70% of the total issued and fully paid-up ordinary shares in DISB has been subscribed
for by the Company which comprises 70 ordinary shares of RM1.00 each.
The intended principal activity of DISB is to provide services relating to biometric solutions.
(d) On 26 September 2014, the Company entered into a Share Sale Agreement for the acquisition
of 30,000 ordinary shares of RM1.00 each, representing 30% of the equity interest in EVAM for a
total cash consideration of RM30,000. The acquisition was completed upon settlement of the
said consideration and receipt of the related share transfer on 26 September 2014 on which
date, EVAM became an associated company.
On 6 January 2015, the Company has further increased its paid-up share capital in EVAM to
RM90,000 representing 30% of the increased paid-up share capital of RM300,000.
(e) On 14 November 2014, the Company incorporated a wholly-owned subsidiary known as DNZL
in New Zealand with 20,000 issued and fully paid-up ordinary shares of NZD1.00 each.
The intended principal activities of DNZL are provision of software development services,
computer systems design and related activities.
47. COMPARATIVE FIGURES
The Company and its subsidiaries have changed their financial year end from 31 December to 31
March. Accordingly, the financial statements of the Group and the Company for the financial period
ended 31 March 2015 cover a 15-month period from 1 January 2014 to 31 March 2015 as compared
to 12-month period from 1 January 2013 to 31 December 2013.
The following figures have been reclassified to conform with the presentation of the current financial
period:-
As
As
Previously
Restated
Reported
RM’000
RM’000
Consolidated Statement Of Cash Flows (Extract):-
Net cash flow for investing activities
(107,389)
(106,885)
Cash and cash equivalents at beginning of the financial year
36,487
42,063
Cash and cash equivalents at end of the financial year
29,344
35,424
