notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
45 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED)
Company
2014
2013
RM'000
RM'000
Significant transactions with subsidiaries (continued)
Net advances to / (repayment from) subsidiaries:
- Maple Sunpark Sdn. Bhd.
65,274
25,103
- Mackenzie Industries Sdn. Bhd.
32,247
(88)
- Jutasama Sdn. Bhd.
26,574
-
- WSC Capital (Labuan) Limited
6,187
-
- Triple Cash Sdn. Bhd.
3,750
-
- Peakvest Sdn. Bhd.
3,340
11,237
- Sunrise Green Sdn. Bhd.
2,379
-
- Wah Seong Industrial Holdings Sdn. Bhd.
290
12,268
- Wasco Coatings Limited
(47,942)
63,858
- Petro-Pipe (Sabah) Sdn. Bhd.
(600)
600
- Wasco Coatings Malaysia Sdn. Bhd.
-
(29,000)
Net (advances from) / repayment to subsidiaries:
- Wasco Coatings Malaysia Sdn. Bhd.
29,000
-
- PPI Industries Sdn. Bhd.
9,000
(9,108)
- Jutasama Sdn. Bhd.
(27,000)
-
- Mackenzie Industries Sdn. Bhd.
(21,895)
-
Significant outstanding balances with related parties at the financial year end are as follows:
Company
2014
2013
RM'000
RM'000
Amounts due from/(to) subsidiaries
WSC Capital (Labuan) Limited
110,346
96,135
Maple Sunpark Sdn. Bhd.
93,633
25,161
Peakvest Sdn. Bhd.
19,188
15,300
Wasco Coatings Limited
17,858
66,089
Wasco Energy Ltd.
15,062
1
Wah Seong Industrial Holdings Sdn. Bhd.
13,512
12,650
Mackenzie Industries Sdn. Bhd.
13,382
8
Petro-Pipe Industrial Corporation Sdn. Bhd.
8,198
8,713
Jutasama Sdn. Bhd.
7,702
18,650
152
Wah Seong Corporation Berhad • Annual Report 2014
