Tropicana Corporation Berhad Annual Report 2020

18. INVESTMENTS IN SUBSIDIARIES Company 2020 2019 RM'000 RM'000 Unquoted shares in Malaysia, at cost 3,422,089 3,324,599 Discount on amounts due from subsidiaries 47,910 47,910 3,469,999 3,372,509 Less: Accumulated impairment losses (399,556) (382,661) 3,070,443 2,989,848 Company 2020 2019 RM'000 RM'000 Movement in the accumulated impairment losses: At 1 January 382,661 336,983 Charge for the financial year (Note 9) 16,895 62,916 Write off – (17,238) At 31 December 399,556 382,661 18. INVESTMENTS IN SUBSIDIARIES (CONT'D.) Details of the subsidiaries are as follows: Effective Effective interest interest held by Country of held by the non-controlling Name of subsidiaries incorporation Principal activities Group # interests # 2020 2019 2020 2019 % % % % Advent Nexus Sdn Bhd Malaysia Providing hotel management and services 100 100 – – Arah Pelangi Sdn Bhd Malaysia Property development 100 100 – – Bakat Rampai Sdn Bhd (" BRSB ") Malaysia Investment holding 100 100 – – Subsidiaries of BRSB: Dicorp Land Sdn Bhd Malaysia Property development 100 100 – – Tropicana City Sdn Bhd (" TCSB ") Malaysia Property development and 100 100 – – property investment Subsidiaries of TCSB: Dicasa Management Services Malaysia Property management and 100 100 – – Sdn Bhd maintenance services Tropicana City Management Malaysia Property management services 100 100 – – Sdn Bhd Tropicana Kajang Hill Sdn Bhd Malaysia Property development 100 100 – – Tropicana Parking Sdn Bhd Malaysia Management of car parking facilities 100 100 – – Tropicana Indah Realty Sdn Bhd Malaysia Investment holding 100 100 – – (" TIRSB ") Subsidiary of TIRSB: Tropicana Indah Sdn Bhd Malaysia Property development, property investment, 70 70 30 30 distribution and sale of electricity BK Utilities Sdn Bhd Malaysia Water treatment and water supply 100 100 – – Daya Petaling Sdn Bhd Malaysia Property investment 100 100 – – Greenhouse Farm and Fishery Sdn Bhd Malaysia Agriculture, fishery and trading 100 100 – – (fka Tropicana Aquaculture Sdn Bhd) Marvelscape Sdn Bhd Malaysia Investment holding and property development 100 100 – – NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 222 223