NOTES TO THE FINANCIAL STATEMENTS

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12. INVESTMENTS IN UNQUOTED SUBSIDIARY COMPANIES

The subsidiary companies, which are all incorporated in Malaysia (except where indicated), are as follows:

* The financial statements of these companies were examined by auditors other than the auditors of the Company.

13. INVESTMENTS IN UNQUOTED ASSOCIATED COMPANIES

The associated companies, which are all incorporated in Malaysia (except where indicated), are as follows:

One of the associated companies, Senawang Edible Oil (Sendirian) Berhad, was granted income tax relief under the Investment Incentive Act and, accordingly, was not liable for tax on substantially all its business income earned. The income tax relief period expired in June 1980. As of 31st December, 2003, the Company's attributable share in the unappropriated tax-exempt profits of this associated company amounted to RMNil (RM78,000 in 2002).

The amount owing by associated companies mainly represents unsecured loans and expenses paid on behalf. In 2002, loans bear interest at rates ranging from 2% to 7.75% per annum and have no fixed term of repayment.

In 2002, interest income received from the associated companies for the Group and the Company amounted to RM136,102.

The Group's share of losses in two associated companies has been recognised to the extent of the carrying amount of the investment. The cumulative and current year's unrecognised share of losses in excess of carrying amount is about RM2,402,000 (RM2,233,000 in 2002) and RM169,000 (RM29,000 in 2002) respectively.

14. OTHER INVESTMENTS
Other investments of the Group and the Company consist of the following:

15. GOODWILL ON CONSOLIDATION

16. INVENTORIES

Inventories consist of the following:

17. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAID EXPENSES

The credit period granted on sales of goods ranges from 14 to 90 days (14 to 90 days in 2002).